How Much Do I Owe On My Phone

No 1 wants to owe the Internal Revenue Service. Ideally, you lot'd pay the exact right amount of income taxes and exist on your manner without a second thought. Or possibly you'd only cease up with a surprising but welcome tax refund once you file. But that's not always what happens.

Sometimes, an unexpected amount of back taxes can pile up. You may know you lot have a federal taxation balance but nevertheless wonder, "How much do I owe the IRS?" Don't wait for those scary IRS notices to find out. We can help you figure it out, using i of four easy methods.

Use the IRS Online Portal

ane. Use the IRS'southward handy online organization

Back in Dec. 2016, the IRS released an online tool for taxpayers. This tool acts as a portal for you to view your business relationship with the IRS. You'll exist able to see your payoff amount, the balance for each revenue enhancement year that you owe, and up to 24 months of payment history. Your account balance will update no more than than once every 24 hours and usually overnight. It's completely gratis; all you need to exercise is register to access your account.

However, in that location are two catches to using this tool.

The first is that you tin just access it during certain times.

Monday half-dozen:00 a.1000. to Sat ix:00 p.chiliad. ET
Sunday from 10:00 a.thousand. to midnight ET

The tool occasionally goes offline during additional hours to allow for maintenance.

The second catch is that you must provide specific information to gain access to the tool, including:

Social security number or Individual Tax Identification Number
Appointment of nativity
Filing condition
Mailing accost from your last tax render
An email address
A mobile telephone
An account number from a financial account, which could be:
- Credit Carte
- Educatee Loan
- Mortgage or Home Equity Loan
- Abode Equity Line of Credit
- Auto Loan

This data is meant to verify your identity, merely it can be a pain to rustle it all together.

The IRS will also pull a credit report with this information to ensure yous are who you lot say you lot are. But this is a soft enquiry, then it won't touch your credit score and lenders won't exist able to run across it.

If y'all decide to register and use the online portal, you lot can even use it to pay your taxes online. It'll accept one to 3 weeks for your payments to show upward in the Payment History page.

Call the IRS

ii. Pick upwardly the phone and telephone call the IRS

Not a big fan of using online tools to bargain with your federal taxes? Don't have all the info you need to admission the online service? Don't worry, you've got other options.

Your beginning option is to give the IRS a telephone call. You may have to deal with a wait fourth dimension, which averages about 27 minutes during mail-filing flavour. Merely once you lot're connected, a representative from the IRS should be able to tell you how much you lot owe.

Our proposition: Call as early on in the twenty-four hour period every bit possible to prevent longer hold times.

If yous're an individual taxpayer looking into your balance, you can phone call the IRS at 1-800-829-1040 betwixt 7:00 a.m. and seven p.m. local time.

Representing a business? Call the IRS at i-800-829-4933 instead between seven:00 a.m. to 7:00 p.thou. local fourth dimension.

Mail the IRS a form

3. Fill out a form and driblet it in the mail

Some other option exterior of the online portal is to contact the IRS by sending a course through snail mail.

While this is a feasible option for whatever taxpayer, keep in mind that it will take much longer due to the nature of mail service. And if you do owe, penalties and involvement will continue to accrue while you wait for a response.

You'll as well want to make certain the IRS has your electric current address. If they don't, they'll send their response (and any other notices) to the near contempo address they have on file, which may not exist your current ane.

Individual taxpayers who filed a Grade 1040, 1040A, or 1040EZ can request an Business relationship Transcript. This transcript will only embrace a single taxation yr and might non include whatever taxation penalties, involvement, or additional charges.

If you lot filed another type of class or are representing a business, you'll need to submit Form 4506-T, Request for Transcript of Taxation Return. In one case the IRS receives and processes your 4506-T course, they volition send yous a gratuitous transcript.

Contact a tax debt relief professional

4. Consult tax debt relief professionals who tin can figure it out for you

The last pick may be the easiest and well-nigh easily-complimentary reply to the question, "How much do I owe the IRS?" No demand for an online portal, a telephone phone call, or a form in the mail. Instead, you can have someone practice that leg work for y'all.

Revenue enhancement debt professionals (similar CPAs, taxation attorneys, and EAs) can work with the IRS on your behalf to observe out exactly how much your tax liability is. All you'll demand to do is requite them the information they demand and kick back while they deal with the IRS for you. And once they find out how much you owe, they tin offer you customized solutions.

What to do if you owe the IRS but tin can't pay

Once yous effigy out how much you lot owe the IRS, your next step is to figure out what to do about it.

If y'all have coin in your bank account to cover your balance, it's as like shooting fish in a barrel as just paying that payoff amount to the IRS.

But what exercise you do if y'all don't have the money to pay your taxes owed?

The IRS isn't blind to this problem. They offer solutions for cases like this, which include an installment understanding and Offer in Compromise. Not everyone qualifies for each solution though, so it'southward of import to notice an bachelor choice that can offer you lot some relief.

If you went with the tax debt relief expert route, they'll be able to walk you through the options available to y'all and what they would propose for your unique state of affairs. Our revenue enhancement pros will fifty-fifty do the heavy lifting to fix a tax resolution that works for you, whether information technology be a payment plan or an appeal.

If y'all demand back taxes assistance, reach out for aid before the taxation debt tempest comes your manner. Liens and garnishment loom on the horizon until yous take activity to bargain with your taxation liability. Call back, our taxation professionals are only a phone telephone call abroad.

How Much Do I Owe the IRS: Infographic