#irspaymentplan

If you owe the IRS money and cannot pay it all by April 15, you still need to file. This is one of the most common misconceptions in tax season. People think if they cannot pay, they should not file. That is the worst decision you can make. The failure-to-file penalty is TEN TIMES higher than the failure-to-pay penalty. Filing on time — even without full payment — saves you significant money in penalties. Once you file, you have options: ✅ Installment agreement: Pay monthly over time ✅ Offer in Compromise: Settle for less than you owe (if you qualify) ✅ Currently Not Collectible: Temporary pause on collections if you are in financial hardship At JRICKSS Financial Services, Schnoldine Lynn Joseph, Tax Accountant and IRS Enrolled Agent, can file your return AND help you set up a payment arrangement with the IRS. John Clerge, Paralegal, Realtor, Insurance Agent, Notary Public, and Financial Restoration Specialist, can assist with documentation and financial restoration strategies. You have options. But only if you file first. 📞 (844) 200-8027 | (973) 392-2785 🌐 book.jrickssfinancialservices.com

Owing taxes is stressful. Ignoring what you owe makes it worse. The IRS offers several options for taxpayers who cannot pay their full balance by April 15: 📋 Short-term payment plan: Up to 180 days to pay in full. No setup fee if done online. Interest still accrues but penalties are reduced. 📋 Long-term installment agreement: Monthly payments over up to 72 months. Setup fees range from $31 to $107 depending on how you apply. 📋 Offer in Compromise: For qualifying taxpayers who truly cannot pay, the IRS may accept less than the full amount owed. Strict eligibility requirements apply. 📋 Currently Not Collectible status: If paying your tax debt would prevent you from meeting basic living expenses, collection activity can be temporarily suspended. The worst option is doing nothing. Unfiled returns and unpaid balances compound with penalties and interest every single month. Schnoldine Lynn Joseph, EA, is authorized to represent you before the IRS and negotiate on your behalf. 📞 Call (844) 200-8027 to discuss your options. Real estate inquiries: (973) 392-2785 JRICKSS Financial Services