Hello, my name isXXXXX & I'll be helping you today. My goal is to give you a complete & accurate answer that you can understand.
The only thing you can do at this point is to request an installment payment arrangement. If you owe less than $10,000. it will be approved pretty much automatically.
I presume that you have figured in all of your medical expenses.
You will owe additional interest and penalties on the the balance due and interest will continue to run until the tax is fully paid.
i have figured the medical.not enough
There are other potential options since you are unemployed and don't have any liquid assets but that will take more time than tonite and tomorrow.
can i continue this on tuesday
It is called an "Offer in Compromise" and if you were to go that route, the IRS may accept less that the full amount due.
The most important thing is to file your return on time.
It can always be amended, later if necessary.
we are alreadyclaiming hardship for being behind on mortgage
The offer in compromise procedure can't be requested until the return has been processed and the liability determined.
i will file tomorrow
thank you for your help.jeff
Well it sounds like you would be a good candidate for the OIC, but if you want our assistance, that would be another topic to discuss on another question, best done after your liability is determined by the IRS.
I'll leave my contact information in case you want to reach me here again.
If you need to contact me again with any tax or financial questions, you can just ask for "Steve G" at the beginning of your question. Thanks again for using us for your tax and financial questions. You may get a short survey from the site; if it isn't too much trouble I would appreciate it if you would answer it; the survey results are used to rate our performance;
ok.i will be back in touch
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