Tax Resolution Tools – Essential Resources for Managing Tax Debt
This section offers essential tools and resources to help taxpayers calculate payments, assess eligibility for relief programs, and manage their tax debt effectively.
IRS Tax Calculators:
- IRS Payment Calculator: Helps taxpayers estimate monthly payments for an installment agreement.
- Access the IRS Payment Calculator: https://www.irs.gov/payments/online-payment-agreement-application
- Offer in Compromise Pre-Qualifier Tool: Assesses if taxpayers qualify for an Offer in Compromise based on financial status.
- Use the Pre-Qualifier Tool: https://irs.treasury.gov/oic_pre_qualifier
Tax Relief Forms and Templates:
- Form 9465 – Installment Agreement Request: Submit this form to set up a payment plan.
- Download Form 9465: https://www.irs.gov/forms-pubs/about-form-9465
- Form 656 – Offer in Compromise: Required for submitting an offer to settle tax debt for less.
- Download Form 656: https://www.irs.gov/forms-pubs/about-form-656
Additional IRS Tools:
- IRS Deadlines Calendar: An interactive tool showing key tax deadlines and payment due dates.
- IRS Filing Calendar: https://www.irs.gov/filing/individuals/when-to-file
- IRS Account Transcript Tool: View and download your tax account transcripts.
- Access the Tool: https://www.irs.gov/individuals/get-transcript
- Penalty and Interest Calculator: Estimate penalties and interest on unpaid taxes.
- Use the Calculator: https://www.irs.gov/payments/penalties