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Back tax relief can be achieved in a number of ways. If you have the means to pay the back taxes, but you don't have the money to pay it back all at once, an Installment Agreement Request is for you. Under it's provisions, you can repay the back taxes in monthly installments.
Step 1 - Preparation/Research
First, you need to find out how much you owe in back taxes. To do that, you must:
Fill out Form 9465, the Installment Payment Request, which can be downloaded off IRS' website. You can also use Online Payment Agreement Application, which is also available on IRS' website.
Step 3 - Set Conditions
Set the back tax payment conditions. They should fit your financial needs. Keep in mind that once accepted, they cannot be altered without incurring penalties. The things you should set up include:
Step 4 - Choose a Payment Method
There are two ways to pay your back taxes:
The IRS will respond in no later than 30 days.
Step 1 - Preparation/Research
First, you need to find out how much you owe in back taxes. To do that, you must:
- Call the IRS to get a copy of your tax returns
- Add penalties and interest
Fill out Form 9465, the Installment Payment Request, which can be downloaded off IRS' website. You can also use Online Payment Agreement Application, which is also available on IRS' website.
Step 3 - Set Conditions
Set the back tax payment conditions. They should fit your financial needs. Keep in mind that once accepted, they cannot be altered without incurring penalties. The things you should set up include:
- the day of the month you want to make your payments;
- monthly payment amount. Whatever it is, you must not go below it - though you are always free to pay more.
Step 4 - Choose a Payment Method
There are two ways to pay your back taxes:
- Automatic withdrawals - IRS will withdraw the agreed upon monthly payment directly from your bank account. There is a user fee of $52.
- Check or money order - be sure to mail them at least seven days ahead of the deadline. The user fee in this case is $105.
The IRS will respond in no later than 30 days.
