#IRS #taxes #financialhardship #USPS
Hey everyone! 🌟 So, I recently missed a drop off from the IRS that was supposed to be delivered by USPS. I’m kinda panicking because I owe around $2000 in taxes, but I only make $25k a year. 😬 Here are some thoughts and questions I have:
– Have any of you received letters from the IRS via USPS for auditing purposes?
– What should I do if I can’t pay my taxes due to financial hardship?
– Is it common for them to send reminders to pay your balance if you haven’t been able to do so?
Possible Solutions:
– Reach out to the IRS and explain your financial situation – they may be able to work out a payment plan with you.
– Consider seeking professional help from a tax advisor or accountant for guidance on how to handle the situation.
I’d love to hear your thoughts and personal experiences with this! Let’s help each other out. 💡🤝
Breathe. You’ll be okay. They will work with you but you need to call them. Do it sooner rather than later.
Likely it’s the first CP501 notice or final CP504 telling you that you owe and to pay up.
Go to IRS.gov and register for an Individual Online Account. Once you get access, you can set up a payment plan and make payments, plus see transcripts.
Have you officially been closed as not collectible? Annually you get a reminder notice about the balance, can’t remember if that gets sent certified or not.
If you’ve been flagged for audit (unlikely), it’ll show on ITA. You can also call and ask what notices you’ve been sent and if you’re under audit. Again, unlikely.
They will send you a letter before starting to garnish your wages. Have you asked the accountant you pay what your options are. Depending on the year you may own way more than $2k now.
WTF does this have to do with business?? Call the IRS.
They’re not going to go nuts on you. Call them. They’ll work with you.