Question: Dear Steve, I’ve been on a payment plan from the 2014-15-16 installment agreement – IRS keeps hanging up on me, and I cannot get thru to them to lower monthly payments. Can you help lower payments? Robyn Answer: Dear Robyn, Ultimately the IRS is the one controlling your payment. Here is the specific advice …
The IRS has announced some important adjustments to current policies to assist debtors with financial difficulties. My CPA tax guru friend Jim Buttonow told me “If a taxpayer is in an installment agreement with the IRS, they can suspend payments through July 15th. For the over 1 million taxpayers who have their payment directly debited …
Question: Dear Steve, While doing my 2012 taxes in 2013, I found I owed the IRS $5,500 more than I thought I did. It had to do with my retirement and taking a partial lump sum out AND not having the teacher retirement service remove enough. Ouch! I filed my taxes but could not pay. …
Question: Dear Steve, Hi Steve- I am a 57 year old single father and am in a lot of debt- and just did my taxes and owe the IRS $3500 which I do not have. I accumulated too much credit card debt and can barely afford to put food on the table after bills are …
About three-quarters of taxpayers receive a refund, according to 2014 data from the Internal Revenue Service. If you’re among the roughly 27% whose returns are processed and you owe money, you have an important question to answer: How will you pay? Perhaps more important: Can you afford to pay? If you have the cash on …
Jim Buttonnow from easyIRS.com sent me over the following article to post in an attempt to warn consumers of the looming tax problems to come as a result of living through tough times. He raises some very important points and issues that will undoubtably catch consumers and land them in trouble with the IRS. This …