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Im afraid to finish my 2022 taxes becuase I cant afford to pay what I know it will tell me I owe. we can hardly afford food and gas right now?

what if I cant pay the owed amount of taxes how long of an extension can you get? 

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4 Replies

Im afraid to finish my 2022 taxes becuase I cant afford to pay what I know it will tell me I owe. we can hardly afford food and gas right now?

Sorry---there are no second extensions.   

 

 

There are no second extensions.   So.....after the October 2023 deadline you will just be late.   Online tax preparation and e-filing will close after the October deadline, so if you miss it you will need to use the CD/download on a full PC or Mac, and mail your tax returns.

 

If you are getting a refund, there is not a penalty for filing past the deadline.  If you owe taxes, the interest/penalties will be calculated by the IRS based on how much you owe and when they receive your return and payment. The IRS will bill you for this; it will not be calculated by TurboTax.

 

 

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

 

https://www.irs.gov/payments

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-mone... 

 

 

To apply for a payment plan with the IRS

 

Apply Online for a Payment Plan

 

 

You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-pay...

 

https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Im afraid to finish my 2022 taxes becuase I cant afford to pay what I know it will tell me I owe. we can hardly afford food and gas right now?

whats the date for October? 

Im afraid to finish my 2022 taxes becuase I cant afford to pay what I know it will tell me I owe. we can hardly afford food and gas right now?

I understand.  Everything seems to cost more each and every day.  But IRS debt will not go away.  Best thing is to go ahead and talk with them about a Payment Plan.  They will work with you to apply and receive approval to pay your balance over time.  Take a look at the IRS article and see if this explains how you can ask for extension of time to pay via Payment Plan.  https://www.irs.gov/payments/online-payment-agreement-application.Thanks!

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Im afraid to finish my 2022 taxes becuase I cant afford to pay what I know it will tell me I owe. we can hardly afford food and gas right now?

So file your return as soon as possible and select you will mail a check.  Then you can pay it later, either by mail or directly online at the IRS.  And the IRS might bill you for any penalties and interest.  

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