Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I need more time to pay my state taxes. I've hit a bad cash

Customer Question
flow situation and would be...
I need more time to pay my state taxes. I've hit a bad cash flow situation and would be able to make the full payment not later than 7/1/2016. a) Who should I contact to advise of this situation in the IRS and b) what kind of fee should I expect on a payment due of $739?
Submitted: 1 year ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 minutes by:
4/13/2016
Tax Professional: Anne, Master Tax Preparer replied 1 year ago
Anne
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2,439
Experience: Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses
Verified
HiI'm Anne. I've been preparing taxes for 28 years and I'll be happy to help you. You will apply for an installment agreement with the state of MI, (https://www.michigan.gov/documents/990forLVP_88572_7.pdf) You will have to offer some small $ amount on the form. but I would write a note and attach it stating that you will be able to pay in full on 07/15/2016, or whatever date you can promise. If you have found this answer helpful, then please take the moment to rate positive by clicking on the starsIt is ONLY through positive ratings that we are compensated for our time and knowledge. Thank you for choosing justanswer.
Ask Your Own Tax Question
Tax Professional: Anne, Master Tax Preparer replied 1 year ago
I am checking back with you to see if you have any more questions re: the answer I posted for you. If you do, please post them here and I'll be notified. If my answer was helpful to you, then please take the moment to rate positive by clicking on the stars. Again, we are ONLY compensated for our time and knowledge by receiving those positive ratings. Thank you again for choosing justanswer.
Ask Your Own Tax Question
Customer reply replied 1 year ago
One more question, is there a particular dollar amount I need to send or can I pay a little now and the rest in the summer?
Tax Professional: Anne, Master Tax Preparer replied 1 year ago
There's no set fee, although the state of MI has the right not to accept the $ amount and raise it if they feel it is not high enough.........which is why I would be sure to write on the bottom of the form that you will pay this off by (date) You should however, offer as much as you can at this moment in time, what ever that may be. I hope this helps.
Ask Your Own Tax Question
Ask Anne Your Own Question
Anne
Anne
Anne, Master Tax Preparer
Category: Tax
Satisfied Customers: 2,439
2,439 Satisfied Customers
Experience: Enrolled Agent with 25 Years Experience specializing Individual and Small Businesses

Anne is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,338 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,980 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
What are the forms for reporting Rental Income to the IRS on
What are the forms for reporting Rental Income to the IRS on foreign properties - we collect each month? Is this filed separately from our personal returns?… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
1,083 satisfied customers
If I owe taxes and i have an installment agreement and I get
if I owe taxes and i have an installment agreement and I get married can that affect my new husband … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,338 satisfied customers
Need help filling out the form 593 for the state of
Need help filling out the form 593 for the state of california … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Is there a form to file with the IRS for tax periods that
Is there a form to file with the IRS for tax periods that have ran past the statute of limitations from the date of assessment … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Got form 4549 from iRS. IRS has sent a form 4549 and asking
IRS has sent a form 4549 and asking me to pay 3510 as tax defecienecy … read more
abci168
abci168
Principal
27 satisfied customers
I have an installment agreement with IRS for monthly
I have an installment agreement with IRS for monthly payments. I paid 8 days late on this months payment. Can they cansel the agreement??… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,338 satisfied customers
I received a call from the IRS stating I owed past taxes. In
I received a call from the IRS stating I owed past taxes. In order to correct this matter and not go to court I was instructed to do the following. This came from a chief investigator. I was told to g… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I have an established installment agreement but have lost my
i have an established installment agreement but have lost my job...how do i cancel the agreement or get it on "hold" until im working again? thank you, albert … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,282 satisfied customers
Got a call stating I was being sued by irs for tax fraud
got a call stating I was being sued by irs for tax fraud while man was online I called local police with the number they gave me to call police told me it was a scam so I didn't listen to all he said … read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
64 satisfied customers
I received a letter from the IRS stating that I owed taxes
I received a letter from the IRS stating that I owed taxes on money that I did not claim for 2015. However, I did claim it. They are counting it twice. I submitted all evidence that I have to the IRS,… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,798 satisfied customers
I have a installment agreement to pay FICA taxes that I
I have a installment agreement to pay FICA taxes that I could not pay in past years from employee with holdings. Can I deduct the tax portion paid on the installment agreement, since it wasn't deducte… read more
abci168
abci168
Principal
27 satisfied customers
What is the purpose of irs form 2297. by signing this form,
what is the purpose of irs form 2297. by signing this form , am i giving up my right to my past refund? … read more
abci168
abci168
Principal
27 satisfied customers
What would the federal and state tax rate percentages be for
What would the federal and state tax rate percentages be for a $7700 IRA early withdrawal in Ohio?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,798 satisfied customers
Tax question: I have an installment agreement with the IRS
Tax question: I have an installment agreement with the IRS for past tax years (2014-15) and have been paying $500 a month on about $27,000, For this past tax year (2016) I paid my tax bill in full wit… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,980 satisfied customers
I have an installment agreement question, I owe less than
I owe less than 1000 from previous years taxes federal..now we owe more for this year...I can pay off the old one first..but can I still do an installment agreement without a filed tax lien on the new one..and if so what are the dollar values..10k or 25k balances owed? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
If I have an installment agreement can IRS take money from
if I have an installment agreement can IRS take money from my account? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,980 satisfied customers
I did an Installment agreement with IRS for tax year 2015;
I did an Installment agreement with IRS for tax year 2015; this tax year (2016) I own taxes again but cannot afford to pay; Can I add this new debt (2015) to the old one (2014) if yes how is the proce… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I have an installment agreement with the IRS ( My CPA lied
I have an installment agreement with the IRS ( My CPA lied to me about the agreement, then IRS placed lien on my home) I am behind in mortgage payments , dont have money to pay THIS Years taxes- can I… read more
Anne
Anne
Master Tax Preparer
2,439 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x