Owing taxes 2 years straight

Anonymous · ‎01-13-2010

Hello all

I have a question in regards to owing taxes to the IRS. For 2008 we owed money but was unable to pay in full so we opted for the payment plan which we are currently paying. Reviewing our taxes for 2009 it looks like we are going to owe again. My question is, can we add what we owe for 2009 to our current payment plan for 2008?

Thanks in advance

-g

llecs · ‎01-13-2010

Yes you can. Though depending on what you owe, you may have to start paying more.

Anonymous · ‎01-14-2010

I think you are not allowed to do that. I am currently making payments on my 2006 Taxe and get a statement from IRS that says any future taxes owed must be paid in full and on time. I will add they do allow you to apply for an extension for 90 days so that may help you round up the money to pay what you owe.

Message Edited by wileygo on 01-14-2010 09:31 PM

Message Edited by wileygo on 01-15-2010 09:36 PM

Anonymous · ‎01-15-2010

I had the same experience when we were paying back taxes on an installment plan and had to pay at filing time. The notice does say that you need to pay all future taxes on time.

How firm the IRS is with that - I don't know.

I just bit the bullet and paid the taxes and increased withholding too .. ouch.

laz98 · ‎01-18-2010

my in-laws have 2 or 3 different payment plans. i would double-check with the irs of course, but i'm sure it will be fine. i doubt that they are special in any particular way.

Anonymous · ‎01-19-2010

@Anonymous wrote:
I think you are not allowed to do that. I am currently making payments on my 2006 Taxe and get a statement from IRS that says any future taxes owed must be paid in full and on time. I will add they do allow you to apply for an extension for 90 days so that may help you round up the money to pay what you owe.

From experience if you are already on a payment plan and find yourself unable to meet your current tax bill call the IRS. They will work with you. But you must be proactive. If you wait for them to catch up with you they will not be so understanding.

Best of luck,

CB