Hi i filed my taxes on time and then i lost my job on April 4th before i could pay the tax that i owe to IRS. I owe two thousand dollars and i have paid five hundred. I can't pay anything more now and i am out of country since i lost my job (i was on a non-immigrant visa).
I did not receive any notice from IRS yet ( I can still receive mails in US on my old address since my friend is staying there and my name is on the mail box)
Please help and advise what should i do next ?
1) Should i just wait till i get back to country and get the job (which i don't know when) and then pay the remaining taxes ?
2) Should i setup a long term installment plan and keep arranging money every month to pay taxes ?
Also please advise if IRS will consider this as reasonable cause to waive my penalty and if yes, how can i do that ?
Should i wait till i get the notice or act now ?
I know i asked too many questions. Appreciate any help or advise you expert can provide.
