4 Ways to Know How Much You Owe the IRS
Not knowing how much you owe the IRS can be scary, but there’s a few easy ways to find out for certain. Don’t put off finding out. While you might dread the possibility of learning you owe much more than you though, waiting around won’t make things any easier. You can start to make preparations to settle the debt as soon as you know the amount.
Success Tax Relief put together this list so you can take that first step toward being free of your tax debt.
Four Ways to Find Out What You Owe
1) Use the View Your Tax Account App
An online browser-based app is available right on the IRS website that lets you view the balance for every tax year you owe. You can also use it to see the last 24 months of payment history as well as a decent amount of information from the current tax year.
While you can only access it during certain hours since the site has to be monitored by human IRS agents, it’s easy enough for anyone to use. Regular taxpayers can create or view an account just by clicking a button. Since you won’t have to wait to speak with a person, this is usually the fastest way to find out.
2) Log on the IRS Get Transcript Site
You may find that you need additional information beyond simply the amount that you owe. If that’s the case, then access the Get Transcript app through your browser and request a full transcript from the IRS. Since you can have it sent to you digitally, you won’t have to wait nearly as long as you might if you were requesting a paper one. Keep in mind that the method you used to file influences the availability of your transcript, so there’s a small chance you won’t be able to get any information this way.
3) Make an Inquiry by Phone
If you need to know how much you owe and can’t wait, then you can call the IRS directly at 1-800-829-1040. While it seems a tad silly, their phone number for individuals really does end with the four digits for the 1040 tax form. Unfortunately, you might end up waiting about 15-20 minutes anyway because chances are that you’re not the only one who wants to speak with someone from the IRS.
Make sure to avoid calling around Presidents Day or April 15. The IRS is usually tied up the most around this time. Give Success Tax Relief a call at 1-877-825-1179 if you’re stuck waiting around. Their agents are standing by to help with your tax situation.
4) Order an IRS Transcript
Call the IRS at 1-800-908-9946 if you don’t mind speaking only with machines and phone menus. After you answer a few basic questions, you’ll be given the option to get an transcript sent to you. While it isn’t as easy as using the online app, you can access this number from any mobile phone lägsta insättning casino without even needing a web browser. You can arrange to have your transcript sent to you or send it off to a certified tax professional.
Working With a Professional to Pay Off Your Debt
Tax professionals navigate the complex sea of regulations and forms the IRS has built up so you can focus on getting debt-free. They’ll help you anytime that you don’t understand something about your situation and might even be able to reduce the amount you owe significantly. Since Success Tax Relief has helped many other individuals who are in the same boat you might be, we encourage you to Contact Us online and see how much easier it is to get through this when you don’t have to go it alone.