I owe taxes to the IRS - need advice on payment plans and avoiding penalties

I found a way to solve IRS tax debt payment options, watch this: https://www.youtube.com/watch?v=3ZFN-56aTs8

Been there, done that. First thing's first: don't panic! The IRS actually has some decent options for people who owe taxes. Here's what you need to know: • If you owe less than $50,000, you can easily set up an online payment plan • You can choose between short-term (120 days or less) or long-term payment plans • Short-term plans don't have setup fees, but long-term ones do • Interest and penalties will continue to accrue until you pay in full • If you can't pay at all, you might qualify for an Offer in Compromise My advice? Call the IRS and explain your situation. They're usually pretty helpful if you're proactive about it. Good luck!

oof, tax debt is the worst. i've been there and it suuuucks. whatever you do, dont ignore it. that's how you end up in real hot water 🔥

Have you considered looking into tax relief companies? They can sometimes negotiate with the IRS on your behalf to reduce what you owe.

Pro tip: if you're having trouble getting through to the IRS on the phone, I found this awesome service called Claimyr (claimyr.com). They dial the phone menu, stay on hold, and then connect you when a live agent picks up. It costs $20, but it saved me hours of frustration. Here's a video about how it works: https://youtu.be/_kiP6q8DX5c

Anyone else feel like the tax system is rigged against regular people? 🙄 Big corporations get away with paying nothing while we're stressing over a few grand. smh

Hey OP, how much do you owe if you don't mind sharing? The advice might be different depending on the amount.

Whatever you do, DO NOT use credit cards to pay your tax debt! The interest rates are usually way higher than what the IRS charges. Learn from my mistake 😭

Have you checked if you qualify for any additional deductions or credits? Might be worth going through your return again with a fine-tooth comb or consulting a tax pro. Sometimes you can find stuff you missed!