IRS Payment Plan When your tax debt is more than you can pay at once, setting up a payment plan with the IRS is the most common way to resolve it. The IRS offers several established payment plans with different criteria on how to qualify for them. But even if you don’t meet the qualifications, […]
Perhaps for 10 years before the housing bubble burst in 2008, you ran a small real estate business. When the market crashed, you closed your doors and changed careers, leaving that chapter behind you. Now you just received a letter from the Internal Revenue Service, claiming that you owe $30,000 in back taxes, interest, penalties […]
The IRS will allow for a repayment plan to be auto-drafted out of a checking or savings account of your choice. However, if you feel the need to set up an IRS direct debit payment plan be ready for a few hurdles: You will need to be sure to provide banking information including your bank […]