If I am going to owe taxes....

[alm99]

can I do some sort of payment plan? Or does it have to be one lump sum?

 

[Placer14]

What my dad did (he owed about a 1000) He paid half....90 days later, they sent him a bill for the other half. So he paid half on that....then 90 days later they sent another bill for the final 250 and he paid that off. I don't think they can do anything to you if you're making an attempt to pay. He was penalized a late payment fee though.

 

[brtspears2]

If you knew you were going to owe taxes the next tax year, you should have started estimated payments long ago based on your previous tax return. Payments, IIRC is 4 times, 25% each time. But if you didn't know you would owe taxes, no harm, no penatlities.

 

[Ylen13]

cpa will correct me if im wrong but u could have been paying taxes every quater. Also how much is alot.$10000,$20000,30000???

 

[alm99]

I will be oweing about $1500-$2000 estimated. I didn't owe last year, but this year working two jobs made too much

 

[Bullhonkie]

You should be able to negotiate some kind of payment plan with them, although I'm not sure how they handle lower amounts. My girlfriend owed a bit over $10k from a couple years ago. We have a payment plan going now and we were able to choose how much our monthly payments are and what day of the month they occur on.

 

[Ylen13]

that is not alot at all!!!! u can still make a payment before the 15 of january thru the internet. Don't remmber the website or from that you need to complete but hopefully someone can post that for u.Good luck.