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Tax Payment Options Available for Individuals in Need of Help

As the deadline for U.S. tax filings fast approaches, QuickLoansBadCredit.org outlines some of the options that are available to those struggling to pay their taxes.


News provided by

QuickLoansBadCredit.org

Apr 23, 2013, 09:00 ET

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PLANO, Texas, April 23, 2013 /PRNewswire/ --

A new report from U.S. News estimates that the number of Americans who are behind on their taxes is between 8 and 20 million. Being only a few short days away, April 15 is the deadline for tax filings to the Internal Revenue Service (IRS). To coincide with this, QuickLoansBadCredit.org has compiled a helpful action list for individuals feeling the pressure.

QuickLoansBadCredit.org made the announcement in the following statement that was released to the press.

"Everybody knows that, when it comes to bills, time waits for no more. This statement rings truer than ever for tax bills - the IRS want to be paid first and foremost. For individuals having trouble paying their taxes and worried about the looming deadline, we have produced an action list to assist. If a consumer has a specific concern, they would be well advised to consult a CPA or tax professional for advice first. For others looking for general solutions to get that tax bill paid, we invite them to read our free action list."

Some highlights of the action list include:

  • Monthly Installments: The IRS recommends that tax payers who suspect they will not be able to pay on time this year should fill out a monthly installment form, called a Form 9465. This is available online in the form of a payment agreement application. By completing it online, you can find out immediately if you are eligible for monthly repayments. According to the IRS, if you owe less than $50,000 and can repay the balance within 6 years, a payment agreement can be made. However, be aware that interest will continue to accrue until the tax debt is paid in full.
  • Make an offer in compromise: Making an offer in compromise to the IRS allows you to settle your debt for less than the full amount owed if doing so would create financial hardship. Individuals can go online to submit an Offer in Compromise Pre-Qualifier to confirm eligibility and submit a proposal.
  • Apply for a shortfall loan: A quick loan to cover the tax shortfall may help. QuickLoansBadCredit.org can introduce you to top lenders offering fast payouts within 24 hours.

Learn more at: http://www.QuickLoansBadCredit.org

Sam Milo
Tel: +1-972-591-8548
[email protected]

SOURCE QuickLoansBadCredit.org

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