Sunday, September 20, 2009

Watched Pixars Up?(3D) movie last night

You can watch the trailer here by clicking on the link below:http://www.youtube.com/watch?v=USpI6Jzl3NoFrom Disney/Pixar comes Up, a comedy adventure about 78-year-old balloon salesman Carl Fredricksen, who finally fulfills his lifelong dream of a great adventure when he ties thousands of balloons to his house and flies away to the Kuala Lumpur of South America. But he discovers

When you cannot pay back taxes owed to the IRS in full but you can afford smaller monthly payments then you should use a payment plan to pay back the IRS. There are 3 types of payment plans and your financial situation will determine which method you should or can use. Below are the three different types of IRS payment plans that you can use.

  1. Delay IRS a few months until you have the means to pay - This is not Business Services Center official type of payment plan with the IRS, but you can use predictability of the IRS collections system to your advantage. This method is good if you know you will have the money to pay within a few months and you do not need to setup a payment plan over many months. The IRS allows 45 day extensions without much explanation. To do this, all you have to do is reply to one of the assessment notices sent by the IRS stating that you need more time to pay and they will enter a freeze code into the system and give you 45 days to pay. If you still cannot pay after this you can streamyx rm66 repeat this and get another 45 days, try to give a small payment with this one though to show you are trying. Don't do this too many times because the automated collection process starts back up where it left off and they will eventually place a lien on your assets if the tax amount is not paid off.
  2. Apply for an Installment Agreement - With this type of payment plan the IRS will allow you monthly incremental payments to the IRS to pay back the amount owed plus interest and penalties. Installment agreements are fairly easy to obtain. To apply for one you can either fill out IRS form 9465 or go to the IRS website and fill out the online payment agreement application. To qualify for this type of agreement you must be able to maintain a minimum monthly payment to the IRS.
  3. Partial Payment Installment Agreement - This type of payment plan is for individuals that cannot make the monthly minimum payments required with the installment agreement. With this type of payment plan the tax payer may end up paying less than the total amount of tax owed. Individuals will only qualify for this if they can prove they don't have the means to afford the regular payment plan. If you are approved for this payment plan, the IRS will request an updated financial statement for yourself to see if your financial standing has improved enough to increase the amounts paid monthly.

If you cannot pay the IRS in full, a payment plan is always a very safe bet. Once it is setup, you are then in good standing with the IRS and no collection actions can be taken against you unless you default on a payment. If you owe more than 25K in back taxes the IRS is likely to be more hesitant about setting up a payment plan with you, it is best to consult a tax professional before trying to settle your back taxes on your own.

Back Taxes Help contains detailed information on resolving problems with back taxes. Connect with tax specialists if you need help resolving your tax issues.

More information on IRS Payment Plans that you can use to settle back taxes.

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