Taxpayers who have a balance due that they cannot pay immediately, but that they expect...

60.1K

Verified Solution

Question

Accounting

Taxpayers who have a balance due that they cannot pay immediately, but that they expect to be able to pay it within 120 days should:

Contact the IRS to set up a short-term payment plan.

Request an extension of the original due date and pay the balance due by the extended due date.

Apply online for a long-term payment plan.

File Form 9465 to request an installment agreement

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students