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.


Michelle Consiglio-Young Joins Courts As Legislative Liaison, Assistant General Counsel

   Michelle Consiglio-Young has been named legislative liaison and assistant general counsel for the Tennessee Administrative Office of the Courts. In this role, she will be drafting and tracking legislation for the judiciary, following other proposed legislation, assisting members of the General Assembly with information about Tennessee courts, informing members of the ... (click for more)

Supreme Court Affirms Disability Award For Employee With High-Frequency Hearing Loss

The Tennessee Supreme Court has ruled that an employee is entitled to the full amount of workers’ compensation benefits awarded to him by a trial court. In  2009, Orville Lambdin retired from Goodyear Tire & Rubber Company where he had worked as a tire builder for over 35 years. He later sought workers’ compensation benefits based upon his loss of hearing. At trial, ... (click for more)

Chance Loftis Set To Be Freed From Jail After Jury Finds Him Guilty Of Only Misdemeanor Charge

Chance Loftis is set to be freed from jail on Monday after a Criminal Court jury on Friday afternoon found him guilty of only a minor charge. Instead of murder in the death of 46-year-old Donald Rogers, the jury in the courtroom of Judge Don Poole found him guilty of the lesser charge of reckless endangerment. He was found not guilty of aggravated animal cruelty in the beating ... (click for more)

1 Dies In House Fire In Rhea County

Rhea County Fire Department officials said one person died in an early-morning house fire on Saturday. The call came at about 6:30 a.m. The brick residence is on Fisher Road. S tate arson investigators were on their way. (click for more)

It's Time To Insure Tennessee - And Response

Tennessee has a problem.  What is the value of saving the lives of 1,000 Tennesseans each year? That is exactly what can be expected if 176,000 Tennesseans gain health insurance through Insure Tennessee. A New England Journal of Medicine study showed that expansion of Medicaid was associated with a 6% reduction in yearly mortality for people in the 34-65 age group. Statistically, ... (click for more)

Roy Exum: What About The Ashes?

I attended my fifth funeral in the month of January the other day and, while I wish a lot of my friends would hang around a little longer, I was amused by the conversation in the pew before the service began. The question was “ … then what do you do with the ashes?” More and more people are being cremated and asking their loved ones to scatter their ashes -- more properly called ... (click for more)