IRS Has Options For Those Who Cannot Pay By April 15

Tuesday, April 8, 2014

With one week left before the April 15 tax deadline, the Internal Revenue Service today reminded Tennessee taxpayers that options are available if they can’t file their forms or pay their taxes on time. They can even submit filing extensions and request payment options online.

"Don’t panic if you need more time to file or pay your taxes," said IRS spokesman Dan Boone. "Requesting more time to file is easy, and there are several payment options."

The IRS expects Tennessee taxpayers to submit about 190,000 filing extension requests by the April 15 deadline.

Nearly 3 million tax returns are expected to be filed by Tennesseans this year, with about 590,000 of those likely to be filed in April alone.

To avoid the late filing penalty, taxpayers should file a tax return or an extension form by April 15 even if they can’t pay the full amount due. Tax returns or extension forms can be filed online free at IRS.gov through the Free File program, which offers free use of brand-name tax software. Lower-income and elderly filers who need help completing their taxes can call 1-800-906-9887 to find free tax help sites in their area.

More Time to File - People who need more time to fill out their returns can get an automatic six-month extension. The fastest and easiest way to get the extra time is through the Free File link on IRS.gov. In a matter of minutes, anyone, regardless of income, can use this free service to electronically request an automatic tax-filing extension on Form 4868. The form asks taxpayers to estimate their tax liability and to pay as much as possible of amount they expect to owe when they file their return.

Taxpayers have several quick and easy ways to electronically pay what they owe, including the Electronic Federal Tax Payment System, electronic funds withdrawal or paying by credit or debit card. To access these options, visit IRS.gov and search for "e-pay."

More Time to Pay - Taxpayers who have finished their returns should file by the regular April 15 deadline and pay as much as they can, even if they can’t pay the full amount due. Those who are struggling with unpaid taxes may qualify for a payment agreement, which can be set up online in a matter of minutes.

Those who owe $50,000 or less in combined tax, penalties and interest can use the Online Payment Agreement tool at IRS.gov to set up a monthly payment agreement for up to 72 months. Taxpayers can choose this option even if they have not yet received a bill or notice from the IRS.

Some struggling taxpayers may qualify for an offer-in-compromise. This is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay. To help determine eligibility, use the Offer in Compromise Pre-Qualifier, a free online tool available on IRS.gov.

Details on all filing and payment options are on www.IRS.gov.


Walker County, Ga., Receives $84,337 From ACCG Insurance Programs

Walker County has received a check for $84,337 from ACCG Insurance Programs. The funds represent Walker County’s share of a $5 million one-time special return from ACCG. ACCG is Georgia’s county association and works on behalf of county officials and their communities by providing public policy and legislative advocacy, leadership development, civic and community engagement ... (click for more)

Walbridge, Brown Brothers Settle Lawsuit Over Enterprise South Work

The contractor Walbridge, which has built portions of the Chattanooga Volkswagen plant, has settled a lawsuit brought by Brown Brothers. The complaint in Chancery Court related to work performed at a VW supplier, Plastic Omnium Auto Exteriors. The work was at a new injection molding plant at 3241 Hickory Valley Road. Under terms of the settlement, Walbridge will pay Brown ... (click for more)

Avocet Hospitality Group Acquires The Read House; Multi-Million-Dollar Renovation Planned For The Historic Chattanooga Property

Historic Read House Associates, LLC, a subsidiary of Avocet Hospitality Group (AHG), on Wednesday announced the acquisition of The Read House in downtown Chattanooga. The seller, Read House Investors, LP , has owned the property since 1994 and entered a sale agreement with AHG in May. Hodges Ward Elliott represented and advised the seller in the transaction. The 242-room ... (click for more)

Judge Says Dyer, Brennan Can Obtain Loans From Friends And Families After Affidavits Are Filed

Federal Judge Travis McDonough ruled Wednesday that two Chattanooga men who were charged by the Securities and Exchange Commission with defrauding a large number of investors can obtain loans from friends and family to pay attorneys and for living expenses. However, he said details of the loans must be spelled out in affidavits that he and the SEC must approve. The loans to Doug ... (click for more)

Colin Kaepernick Is The Epitome Of American Patriotism - And Response (2)

As the mother, mother-in-law, sister, aunt, and former wife of present active duty and veterans several times over, it isn't the patriotism of NFL player Colin Kaepernick I question, but the patriotism of those who are attacking him. Kaepernick is the epitome of all things this country is suppose to stand for and challenge. If he's attacked for taking a stand then everything this ... (click for more)

Roy Exum: My September Garden

I am told it takes a mighty oak tree somewhere between 20 and 35 years before it produces acorns, this based on the species of the oak. But as I walk through my September Garden in my monthly custom, I do indeed believe that a mature oak can rain down as many as 90,000 acorns a year. I’ve already got enough for every squirrel between here and the Mississippi River. My friends ... (click for more)