Got IRS final balance due letter, need advice on setting up payment plan ASAP!

I found a way to solve IRS final balance payment plan, watch this: https://www.youtube.com/watch?v=L1Ds5HgFzY0

Don't panic! I've been there before. First thing's first, that letter is actually really important. When you call, make sure to mention you have the final balance due letter. They can use that to pull up your info. Here's what I'd suggest: 1. Figure out how much you can afford monthly 2. Call and ask about different installment options 3. Be ready to discuss your financial situation They're usually pretty helpful if you're proactive about setting up a plan. Good luck!

ugh, the IRS is such a pain. i had to deal with them last year and it was a nightmare. took forever to get someone on the phone and then they kept transferring me around. good luck, you're gonna need it 🙄

Hey, I found a way to skip the hold time! I used this site called claimyr.com - it's a calling tool that dials the phone menu, stays on hold, and then sends the call to your phone when a live agent picks up. It costs $20, but it saved me hours of waiting. Here's a video about it: https://youtu.be/Jc9x-gysK0

Pro tip: if you can't pay the full amount, ask about an Offer in Compromise. It's where you settle for less than what you owe. Not everyone qualifies, but it's worth asking!

lol welcome to adulting. taxes suck. 🤡

Make sure you have all your ducks in a row before you call. They might ask for your income, expenses, assets, etc. The more prepared you are, the smoother it'll go. And don't be afraid to ask questions - it's your right to understand what's going on with your taxes!

Has anyone tried negotiating the amount owed? I've heard sometimes they'll reduce penalties if you have a good reason.

Whatever you do, DON'T ignore the letter. That's the worst thing you can do. Trust me, I learned the hard way 😭

Fun fact: the IRS has more employees than the FBI. Yet somehow they still can't answer the phone in a reasonable time 🙃