Saturday, November 12, 2005

IRS Offer in Compromise - The Collection Process Begins

If you do not pay in full when you file, you will receive a bill. This bill begins the collection process, which continues through alternative payment options and ends when your account is satisfied. The first bill you receive will explain the reason for your balance due and require payment in full. It will include the tax due plus penalties and interest that are added to your unpaid balance from the date your taxes were due. You can pay this bill by sending the IRS a check or money order payable to United States Treasury with your notice. To pay by credit card, call 1–800–272–9829 or 1–888–729–1040.

IRS Offer in Compromise - The Collection Process Begins