Page 14 - Tax Day Reminders Guide
P. 14
Here are the steps a taxpayer should take
when they can? pay a tax bill:
t
1. File their tax return or request an
extension of time to file by the
deadline.
2. Pay as much as possible by the April
due date.
3. Review options the IRS offers to help
taxpayers:
- Payment plans -- Taxpayers can apply
for a payment plan on IRS.gov or in
writing using Form 9465,
Installment Agreement Request.
Tax Day Reminders
- Offer in Compromise -- An Offer in
Compromise lets taxpayers settle their
tax debt for less than the full
amount they owe.
- It may be an option if they can't
pay their full tax liability or
doing so creates a financial
hardship. Taxpayers can see if
they're eligible and prepare a
preliminary proposal with the
Offer in Compromise
Pre-Qualifier Tool.
- Penalty relief -- Taxpayers may qualify
for penalty relief if they tried to
comply with tax laws but were
unable due to circumstances beyond
their control.