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ZacHart
New Member

Accommodations for loss of job?

I was laid off in mid-April and have avoided dealing with my taxes since then because the software was indicating that I owed nearly $20K. Will the job loss grant me any exceptions or accommodations? And if I pay the extra fee to TurboTax for expert review, will they truly examine my returns to make sure nothing looks incorrect?

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1 Reply
Jennifer_A
Employee Tax Expert

Accommodations for loss of job?

Yes, our Experts can review your return for accuracy.

 

There options for taxpayers who are experiencing financial hardship.  The IRS has a number of payment options for tax balances:

1. Installment Agreement.  This is the most common.

2. Payment Plan

3. Request a Temporary Hold on Payments 800-829-1040

4. Offer in Compromise

Glad to be of service!
Jennifer A.

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