My son just realized he and his wife will owe $5000 on their joint taxes for
They should be able to get an installment arrangement without trouble. With that amount owed, it can be automatic, with no approval required - it's all on line. Go here:
Any idea what the current interest rates/penalties would be for such an arrangement?
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In addition to Stu's reply, there are millions of taxpayers who have had their tax return due dates and tax payment due dates extended to July 31 or Oct. 16 because of federally declared disasters. Go to the following website and click on the year 2023 to see if you are eligible. You don't need to have actually suffered a disaster. The Oct. 16th date is applicable to certain areas of CA, AL & GA. July 31 is applicable to certain areas in AR & MS. There is even some short-term relief for certain area in NY.
I just realized I forgot to post the referenced link at IRS.gov.
Go to
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