What If I Can't Pay My Taxes: IRS 911
Tax issues can be stressful. You might feel uncertain about how to go about doing and paying your taxes. The stress of taxes can be especially difficult for those who are short on funds. At the end of the year, a consumer's tax bill can be a big expense.
You need to do everything you can to minimize your tax liability. This will help to make your tax bill more affordable. Look out for all the tax refunds and discounts you're eligible for. Professional tax preparation services could help you to minimize your liability. It's also important to avoid late fees, interest, and penalties where possible to bring down your tax costs.
Be organized and thorough regarding your taxes. You can thereby enjoy peace of mind knowing that you're not paying more than you should. Despite your best efforts, you might still end up struggling financially to cover tax costs.
What if I Can't Pay My Taxes?
You might find yourself in the position of not being able to pay your taxes. This is not easy to deal with. You might at first feel alarmed if you don't have the money to keep up with tax payments. Remember that many people have been through this before. Fortunately, the IRS will help you in this situation. A solution can always be found. You just need to find the right solutions to deal with this unfortunate problem. Get started by learning about the resources that are out there. There are a lot of resources that will help you when your tax debt seems overwhelming.
The number one thing to remember is that you shouldn't panic. It can be easy to panic when you realize you can't pay off all the taxes you owe. Yet it's never a good idea to panic. If you panic about the situation, you'll create unnecessary stress for yourself. You'll also be more likely to make poor decisions.
Owing money to the IRS probably isn't as serious as it may at first seem. You just need to be proactive. As long as you take action, you can get through it. Stay calm, and you can focus on the solutions that will help you.
The biggest mistake to avoid is procrastinating. It can be easy to ignore your growing tax debt. Yet the problem isn't going to go away. It's essential that you address the issue right away. You won't solve your problem if you're not trying. Financial struggles are some of the biggest problems we face. When taxes are involved, financial struggles can be especially difficult.
The sooner you get started finding a tax debt solution, the sooner you'll restore your finances to good condition. All it takes is some initiate. You'll probably be surprised to find that your tax issues aren't as severe as you thought they were.
When you address the issue, you begin to find solutions. The solutions are definitely out there. You just need to find them. Motive yourself to find the solutions. It's uncomfortable to owe money. When you solve this problem, you'll be more at ease. It can be difficult to move forward in your life and pursue goals when you're dealing with tax debt.
You have a lot of goals you want to achieve. Your first goal will have to be paying off your tax debt. Look for the solutions that will make this possible. You need to know when to ask for help. There is help out there for those who can't pay their taxes.
The Taxpayer Advocate Service
One of the most important tax tools is the Taxpayer Advocate Service. You need to know about the Taxpayer Advocate Service (TAS) if you can't pay your taxes. This is an independent organization. However, it operates within the IRS itself. The TAS exists to provide assistance to taxpayers.
The TAS protects the rights of taxpayers. It also helps to resolve issues related to taxes for both individuals and businesses. The TAS also provides services to exempt organizations. There are many types of tax problems that the TAS can help with.
One great thing about the TAS is that it is an entirely free service. You can see if you qualify for TAS assistance free of charge. If you do qualify, you will be provided with an advocate. Your tax advocate will review your tax account. Then, your advocate will do any necessary research and laws affecting you. Your advocate can then argue in your interests. Advocates help with tracking down needed documents.
Find the Best Tax Management Software. Taxry Can Help
Qualifying for Assistance
There are quite a few different situations in which the TAS provides assistance. You could qualify for assistance from the TAS if you have a difficulty that is time-sensitive. You could also qualify if you have a tax issue that requires you to deal with numerous IRS units at the same time.
The TAS is especially likely to come to your assistance if you've had trouble getting a response from the IRS over your tax issue. The TAS is also likely to help if the IRS is getting ready to take adverse action in your case. In other cases, a taxpayer’s case is referred to the TAS through a congressional office.
What the Taxpayer Advocate Service Can and Can't do
There are a lot of things the TAS can do for you if you're wondering what if I can't pay my taxes. The TAS can simply answer questions for you. It can communicate with the IRS on your behalf. The TAS is sometimes able to prevent actions taken against taxpayers. That's why working with the TAS is especially important if the IRS is able to file a tax lien against you.
At the same time, there are limits to what the TAS can do. Remember that the TAS won't provide assistance in every case. If your issue is minor, chances are high that the TAS won't help. For example, the TAS probably isn't going to help you get a refund more quickly. In cases like this, you'll probably just have to be patient.
Filing Form 911 to Request Assistance
You can request the assistance of the TAS by filing Form 911. You can download this form online. Then, you can fill the form out. Form 911 can be mailed or faxed. You'll want to send this form to the TAS office in your area. Fortunately, it's fairly simple to fill out the form. It's important that you're thorough when answering questions on this form. You'll find the instruction on how to fill out Form 911 on the third and fourth pages. There are a lot of details that need to be included in your answers. The more thoroughly you answer all the questions, the more likely it is that you'll get assistance quickly for your tax issues.
Other Ways to Request Assistance
You don't have to request assistance through Form 911. There are two other options available for requesting assistance. One thing you can do is visit a TAS office in your area and seek assistance in person. Every state has at least one TAS office. There are also offices in Puerto Rico and in U.S. territories that are found in the Caribbean and the Pacific. You can find office locations using the Internet.
Another option you have is to call the TAS. You can request assistance by phone. The phone number to call is 1-877-777-4778. Once you call, a representative will help you through the process of asking for TAS assistance. This is a convenient option if you don't want to have to visit an office in person.
Information Your Taxpayer Advocate Will Need
It's important that you give the TAS all the required information. There are quite a few pieces of information you'll need to provide. The most basic information the TAS will need is your name, social security number, and address. The TAS will also want your phone number so that you can be conveniently reached.
You'll need to let the TAS know which tax years you need assistance with. Then, you'll have to provide a brief explanation of your issue. The TAS will then want to know what steps you've taken so far to resolve the problem. The hardship caused by the problem will be an important factor for the TAS. You'll therefore need to provide information on what type of hardship you're dealing with. If you've already been in touch with the TAS, you'll want to provide information on when and how you've previously contacted the TAS.
Information Your TA Will Need
- Your name / Phone number / Address
- Social security number
- Explanation of your issue
- Type of hardship
Using Taxry for Tax Help
The TAS isn't your only resource available to you if you can't pay your taxes. You can also check out the tools available from Taxry. In addition to tax preparation services, you can also find tax management software using Taxry. Taxry provides you with lists of tax preparation firms. You can search for the tax preparation firm offering the particular services you need.
Doing your research is important when choosing a tax preparation firm. That's why Taxry includes reviews of firms on its website. In addition to the review, Taxry also provides some information about pricing for tax preparation services. The Taxry platform is a great place to compare tax preparation offers from different companies.
Don't fret if you're wondering what if I can't pay my taxes. There is likely to be a solution out there. You need to be resourceful and look for tax advice. You also need to make an effort to resolve the issue. Remember that the taxpayer advocate service is there to assist you. You can simply submit your Form 911 to get this assistance. However, this definitely isn't your only source of assistance. You have plenty of resources to assist you with your tax needs.
Final Thoughts
Tax issues can at first feel overwhelming. With time, you can resolve them. You will feel a great deal of relief once you overcome any tax hurdles you're struggling with. Those who are free of tax debt enjoy peace of mind. They also are able to avoid incurring penalties on their tax debt.
Enjoy a healthy financial future where you don't owe any money to the IRS. You can get through your tax troubles even if you currently can't pay off your debt. Use the resources mentioned above and get started today!