Recently lost your job or had an unexpected emergency that caused a financial hardship? Here’s what to do if when you find yourself in a tough situation…
Call the IRS. Yes, just give them a call and tell them about your situation. Believe it or not, the IRS is usually willing to work with you.
This is because so many delinquent taxpayers are actually difficult to get in contact with, and many people simply avoid the IRS altogether.
When you call them, inform them of your situation, you may be able to work out a reduced monthly payment to reflect your current financial situation.
How does it work? The IRS may ask you to provide proof of changes in your financial situation. Make sure to have the info ready when you call them.
There are many tricks and methods for dealing with the IRS and everybody’s situation is different. It’s always wise to consult with an expert.