Comments on: Options if You Can’t Pay Your Income Taxes http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/ True Financial Freedom Wed, 08 Feb 2012 21:15:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: What To Do If You Can’t Pay Your Taxes http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-95892 What To Do If You Can’t Pay Your Taxes Fri, 04 Feb 2011 11:33:02 +0000 http://onemoneydesign.com/blog/?p=5400#comment-95892 [...] you can go with other options: credit card, line of credit from your bank, a personal loan, or even proceeds from selling stuff you don't need anymore.  However, before you whip out the credit card (with its high interest), it [...] [...] you can go with other options: credit card, line of credit from your bank, a personal loan, or even proceeds from selling stuff you don't need anymore.  However, before you whip out the credit card (with its high interest), it [...]

]]> By: Friday Finds June 11, 2010 http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-9572 Friday Finds June 11, 2010 Sat, 12 Jun 2010 02:20:34 +0000 http://onemoneydesign.com/blog/?p=5400#comment-9572 [...] Money Design discusses some options if you can’t pay your income taxes on time. I don’t need this currently, but I might next [...] [...] Money Design discusses some options if you can’t pay your income taxes on time. I don’t need this currently, but I might next [...]

]]> By: life settlements http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-7599 life settlements Sun, 23 May 2010 21:57:21 +0000 http://onemoneydesign.com/blog/?p=5400#comment-7599 I’d actually tweet this topic yesterday Even though you wrote it. I will link your blog. I’d actually tweet this topic yesterday Even though you wrote it. I will link your blog.

]]> By: Spring is Here! Roundup http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-4371 Spring is Here! Roundup Wed, 31 Mar 2010 14:54:48 +0000 http://onemoneydesign.com/blog/?p=5400#comment-4371 [...] A few options if you can’t pay your taxes [...] [...] A few options if you can’t pay your taxes [...]

]]> By: » Time To Get Taxes Done or File A Tax Extension http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-4276 » Time To Get Taxes Done or File A Tax Extension Mon, 29 Mar 2010 13:20:41 +0000 http://onemoneydesign.com/blog/?p=5400#comment-4276 [...] First, you NEED to find a way to pay the IRS.  In this case, you will be better off owing a bank or credit union instead of the IRS.  The IRS has a massive amount of power that they like to yield like a deadly sword.  You do not want to get on their bad side.  Here are some more options if you can’t pay your taxes. [...] [...] First, you NEED to find a way to pay the IRS.  In this case, you will be better off owing a bank or credit union instead of the IRS.  The IRS has a massive amount of power that they like to yield like a deadly sword.  You do not want to get on their bad side.  Here are some more options if you can’t pay your taxes. [...]

]]> By: Jason Price http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-4007 Jason Price Tue, 23 Mar 2010 15:27:40 +0000 http://onemoneydesign.com/blog/?p=5400#comment-4007 Hi Amy. I did some research and I can't find much information on the IRS.gov website that explains how they handle this exact situation, but click <a href="http://www.irs.gov/businesses/small/article/0,,id=156495,00.html" rel="nofollow">here</a> to see what I did find. So, most likely, they'll update your payment agreement to reflect the new amount owed. I would contact them (1-800-829-1040) to explain your situation and work out a payment plan you can commit to making each month. Don't forget to consider some of the other options I mentioned to help you pay off this debt. Here is their number: Hi Amy. I did some research and I can’t find much information on the IRS.gov website that explains how they handle this exact situation, but click here to see what I did find.

So, most likely, they’ll update your payment agreement to reflect the new amount owed. I would contact them (1-800-829-1040) to explain your situation and work out a payment plan you can commit to making each month. Don’t forget to consider some of the other options I mentioned to help you pay off this debt. Here is their number:

]]> By: Amy http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-3997 Amy Tue, 23 Mar 2010 04:24:24 +0000 http://onemoneydesign.com/blog/?p=5400#comment-3997 Can you continue to pay payments if you owe again? We are almost done paying on 08 and will owe again. We have since adjusted out witholdings but it was to late and we owe again. Can you continue to pay payments if you owe again? We are almost done paying on 08 and will owe again. We have since adjusted out witholdings but it was to late and we owe again.

]]> By: OutOfYourRut Friday (but almost Saturday) Personal Finance Round Up « OutOfYourRut.com http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-3869 OutOfYourRut Friday (but almost Saturday) Personal Finance Round Up « OutOfYourRut.com Fri, 19 Mar 2010 20:36:56 +0000 http://onemoneydesign.com/blog/?p=5400#comment-3869 [...] at One Money Design offered Options if You Can’t Pay Your Income Taxes this week. Since I prepare income taxes seasonally, this one is near and dear to my heart. Jason [...] [...] at One Money Design offered Options if You Can’t Pay Your Income Taxes this week. Since I prepare income taxes seasonally, this one is near and dear to my heart. Jason [...]

]]> By: Kevin@OutOfYourRut http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-3867 Kevin@OutOfYourRut Fri, 19 Mar 2010 19:45:10 +0000 http://onemoneydesign.com/blog/?p=5400#comment-3867 Jason, this is so incredibly timely! Most people panic at the idea of owing the IRS money they can't pay, but you've given some bankable suggestions and taken some of the fear out of it. .-= Kevin@OutOfYourRut´s last blog ..<a href="http://outofyourrut.com/blog/2010/03/16/save-for-retirement-now-or-payoff-your-mortgage-first/" rel="nofollow">Save for Retirement Now or Payoff Your Mortgage First?</a> =-. Jason, this is so incredibly timely! Most people panic at the idea of owing the IRS money they can’t pay, but you’ve given some bankable suggestions and taken some of the fear out of it.
.-= Kevin@OutOfYourRut´s last blog ..Save for Retirement Now or Payoff Your Mortgage First? =-.

]]> By: Jason Price http://www.onemoneydesign.com/options-if-you-cant-pay-your-income-taxes/comment-page-1/#comment-3857 Jason Price Fri, 19 Mar 2010 10:01:25 +0000 http://onemoneydesign.com/blog/?p=5400#comment-3857 Ken, that's a great one to add! Depending on the situation, it may make sense to get out there and earn some extra money to pay off the debt. Thanks for commenting. Ken, that’s a great one to add! Depending on the situation, it may make sense to get out there and earn some extra money to pay off the debt. Thanks for commenting.

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