Archive | April, 2010

Can You Add More Years to an Installment Agreement?

One of the ways you can resolve your IRS tax liability is through an installment agreement (monthly payment plan).  When you set up your installment agreement, the IRS requires that you include all of the tax years that you owe for in the installment agreement.  So, for example, if you owe taxes, penalties and interest [...]

To File or Not to File…On Time

Question:Should I go ahead and file my tax return even though I am unable to pay or should I wait until I can pay for my tax in full to pay for it? I guess I could file for an extension now and pay in October, right? Answer: You should file your 2009 income tax [...]