Still paying on past taxes now owe again


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What happens if you are on a payment plan with the IRS already and you fill out your taxes and owe a pretty big amount?

I know, I know change your withholdings. We did that last year, but I guess it wasn't enough :? We still owe the IRS like $600 from last year now we owe $3,344 :shock: I know we won't be able to pay THAT much by 4-15.Can they just add this onto the payment plan I have with them already?

I am just sick :cry: This sucks :x


Unregistered

Sub: #1 Payments to IRS
Sun, 02/15/2009 - 11:35



You don't have to set up an automatic pay from your checking about to pay your taxes. You can use the EFTPS website to make your monthly paymens. You just have to be sure that you enter the correct tax year you are paying on because the website is set up automatically for the current year. If you are paying taxes for 2008 when you go into the EFTPS website you will automatically see 2009. Make sure you change the year to 2008. You have to get a username and a password. It is very simple and it gets taken out of your checking account in 1 day or 2.


2nband

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Sub: #2 We paid $50 a month and more if we had it, but the arrangements
Fri, 02/06/2009 - 09:37



We paid $50 a month and more if we had it, but the arrangements were for $50 a month. If you owe state, call them and they will probably set up a payment plan for you also.


cntrygirl63
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Sub: #3 Were the payments reasonable? I am not going to owe a large amo
Fri, 02/06/2009 - 05:53



Were the payments reasonable? I am not going to owe a large amount, but really can't afford to pay too much monthly either. Thanks for all the info - I was stressing out about it. Still have to worry about what I owe the state - hopefully they will also do a payment plan.


2nband

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Sub: #4 We just called them and was able to set things up over the phone
Thu, 02/05/2009 - 20:10



We just called them and was able to set things up over the phone.


puddlejmpr

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Sub: #5 I had to pay a $50 fee to set up the direct withdrawl. But other
Thu, 02/05/2009 - 18:13



I had to pay a $50 fee to set up the direct withdrawl. But otherwise I really don't think the interest amounts to much. Yes, they want you to get a loan to pay them, it saves them time and paperwork. But when your credit sucks you have no other way but to set up arrangements.

It isn't hard to set up arrangements. If you have someone else do your taxes you can ask for the form to fill out and send that right in with your taxes. I did that one year. But last year I did it on my own. I guess I am going to file my federal and then call them about what I owe this year and see if they can keep me on the same payments for awhile yet.


cntrygirl63
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Credits: 1011

Sub: #6 I know a couple years ago I talked to the IRS about a payment pl
Thu, 02/05/2009 - 07:50



I know a couple years ago I talked to the IRS about a payment plan and the rep at that time encouraged me to find another option and use theirs as a last resort. So I figure it' won't be cheap, but right now I don't see too many other options. Well I have a month to think about it before I file, see what happens in that time.


2nband

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Sub: #7 I am sure that you can. We never had a problem with setting up
Wed, 02/04/2009 - 17:40



I am sure that you can. We never had a problem with setting up payment plans with the IRS any time we owed. They do add interest and penelty charges


cntrygirl63
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Sub: #8 That's what I'm thinking, but what if I don't have the money at
Wed, 02/04/2009 - 08:40



That's what I'm thinking, but what if I don't have the money at the end of the extension? Can I do the payment plan then? I'm sure that I could make payment all along through the extension, but I dont' see me coming into a fortune between now and July/August. lol


lmale
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Sub: #9 You get charge a set fee for the withdraws from your checking ac
Wed, 02/04/2009 - 07:52



You get charge a set fee for the withdraws from your checking account and of course you are being charged interest. I would extend


cntrygirl63
Posts: 57
Credits: 1011

Sub: #10 Did they charge a fee to do the payment plan? I'm trying to dec
Wed, 02/04/2009 - 06:52



Did they charge a fee to do the payment plan? I'm trying to decide whether to ask for the payment plan or to ask for the 120 day extension. I don't owe a lot ($600) but it's a LOT when you don't have it!


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