Tag Archives: IRS 1040

You Owe the IRS a 1040 Balance But Don’t Have the Money to Pay It: Now What?

Form 1040 is one of the most common documents you’ll see as tax season approaches. This form allows you to report both your annual income and deductions so you can determine how much you owe. While many people expect to receive an annual refund upon filing Form 1040, many pay in. What if you owe […]

Do You Owe the IRS a 1040 Balance? Avoid These Mistakes

In a perfect world, every tax return would result in a refund, or, at a minimum, a balance of zero. Life isn’t perfect, however, and many people find themselves paying the IRS every April. Paying your balance doesn’t have to be a nightmare, but it can be if you make these rookie mistakes: Ignoring the […]