G_fourmyle[at]yahoo.com wrote:

- quote -

Send in what you can with the tax return. Save every dime
that is not needed to keep body and soul together and in
about two months you will receive a bill plus interest and a
penalty. Send what you can of that along with the voucher.
Do the same again (saving money) and in about two more
months you will receive another bill. Try you best to send
in the remainder at that time. If you can't they will call
you down and have you start make monthly payments. If that
is the case, do not promise a nickle more than you *know*
you can send them. If you default on the payment
promise.......

Missy Doyle

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G_fourmyle[at]yahoo.com wrote:

- quote -

A month's worth, eh? Also sounds like you haven't filed
your return yet.

1. If you can pay it within about three months, file the
return, send in 1/3 of it and when bill comes, send another
third. By this time they MAy get an idea you're short, and
send you one more letter. Pay up.

2. If this will be a stretch, file a "plea for mercy"
form, form 9465 with the return. Pay 1/10 with the return
and the balance over next 11 months. Or sooner.

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

_fourmyle[at]yahoo.com wrote:

- quote -

If you are on extension for 2005, you would have until
October 16, 2006 to file the return. The IRS is not going
to "come looking" for you before that filing date. If need
be, you could file for an installment agreement to pay off
the tax due.

--
Ed Zollars, CPA
Podcast located at http://ezollars.libsyn.com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I just found out I owe on my taxes. Not a huge amont, but
more than what I typically make in a month. OK, I said to
myself, My credit rating is good, I'll take out a small
personal loan and pay off the feds. Then I found out there
is a problem with my credit report which will take a bit to
straighten out. I'm left with very few options to pay off
what I owe right now.

My question is this...how long before the IRS figures out
what I owe and comes-a-knocking? Do I have time to get
things straightened out?

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >