When you file your tax return, the IRS checks to see if the math is accurate and if you have paid the correct amount. If you have not paid all you owe, the IRS sends a bill called a Notice of Tax Due and Demand for Payment. The bill includes the taxes plus interest and penalties. It is in your best interest to pay your tax liability in full to minimize the amount of interest and penalty charged. You may pay your taxes by credit card, electronic funds transfer, check, money order, or cash.
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Elden Sodowsky provides answers for the most frequently asked questions by clients.

 


Q: I owe taxes for the current year. What are my options?

A: When you file your tax return, the IRS checks to see if the math is accurate and if you have paid the correct amount. If you have not paid all you owe, the IRS sends a bill called a Notice of Tax Due and Demand for Payment. The bill includes the taxes plus interest and penalties. It is in your best interest to pay your tax liability in full to minimize the amount of interest and penalty charged. You may pay your taxes by credit card, electronic funds transfer, check, money order, or cash.


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