Mail tax return without payment

The dreaded tax return without payment!

If you're unable to pay your tax bill in full, you can still file your tax return and make arrangements to pay the balance due. Here's what you need to know:

Filing your tax return without payment:

  1. File Form 1040: You can file your tax return (Form 1040) without paying the balance due. You'll need to indicate that you're unable to pay the full amount owed by checking the box on the form.
  2. Include a payment plan request: You can request a payment plan by attaching a Form 9465, Installment Agreement Request, to your tax return. This form will help you set up a payment plan to pay the balance due over time.
  3. Make a payment: Even if you can't pay the full amount, you should make a payment as large as possible to avoid additional penalties and interest.

Consequences of not paying your tax bill:

  1. Penalties and interest: The IRS will charge penalties and interest on the unpaid balance, which can add up quickly.
  2. Collection actions: The IRS may take collection actions, such as:
    • Withholding your refund
    • Seizing your assets (e.g., bank accounts, wages)
    • Filing a lien against your property
  3. Credit score impact: Unpaid taxes can negatively affect your credit score.

Payment plan options:

  1. Online payment plan: You can set up an online payment plan through the IRS website (irs.gov) or by calling the IRS at 1-800-829-1040.
  2. Installment agreement: You can request an installment agreement by filing Form 9465 with your tax return or by calling the IRS.
  3. Offer in compromise: If you're unable to pay the full amount and have a valid reason, you may be able to negotiate a settlement with the IRS (Form 656).

Additional tips:

  1. Keep records: Keep accurate records of your payment plan, including payment dates and amounts.
  2. Communicate with the IRS: If you're having trouble making payments, contact the IRS to discuss your situation and potential alternatives.
  3. Seek professional help: If you're unsure about how to handle your tax situation, consider consulting a tax professional or financial advisor.

Remember, it's essential to file your tax return and make arrangements to pay the balance due to avoid additional penalties and interest.