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Rex Crandell, CPA says
Watch: What if you can not pay the tax you owe???….on RexTube…
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What do you really do If You Can’t Pay Your Taxes on Time, Panic?? Nope. Read on.

If you find you owe more than you can pay with your tax return, don’t panic. Make sure to file on time. That way you won’t have a penalty for “filing late”, which is outrageously abusive as far as penalties go. Like IRS has never been late in doing things.

Here is what to do if you can’t pay all your taxes by the due date.

1. File on time and pay as much as you can.  File on time to avoid a late filing penalty. Pay as much as you can to reduce interest charges and a late payment penalty. You can pay online, by phone, or by check or money order. If you file on time you avoid the failure to file penalty of 5% of the tax due every month you are late to a maximum of 25% late file penalry plus interest called a failure to pay penalty. So it is more important to file you taxes on time even if you do not pay anything at the time you send in your taxes.

2. Get a loan or use a credit card to pay your tax. The interest and fees charged by a bank or credit card company may be less than IRS interest and penalties.
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3. Use the Online Payment Agreement tool. You don’t need to wait for IRS to send you a bill before you ask for a payment plan. The IRS will gladly suck your monthly payment directly out of your bank account if you grant them permission to do so. The best way is to use the Online Payment Agreement tool on EFTPS.GOV to make each payment when you are ready. You can also file Form 9465, Installment Agreement Request, with your tax return. You can even set up a direct debit agreement (i.e. Sucking $ out of your bank account on a regular basis). With this type of payment plan, you won’t have to write a check and mail it on time each month. It also means you won’t miss payments that could lead to more penalties.
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4. Don’t ignore a tax bill.  If you get a bill, don’t ignore it.  The IRS may take collection action if you ignore the bill. Contact the your tax advisor right away to talk about your alternatives. If you are suffering a financial hardship, the IRS will work with you.

In short, remember to file on time. Pay as much as you can by the tax deadline and pay the rest as soon as you can. Ask your tax advisor about more about the IRS collection process.
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A sign of the times.

Watch: ASL: Owe Taxes But Can’t Pay (Captions & Audio): on REXTube. http://youtu.be/S87keLbQwWE
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Watch:
ASL: IRS Tax Payment Options (Captions & Audio) on Rex Crandell, CPA_Tube. http://youtu.be/tJRn-OegC0M
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Watch “IRS Tax Payment Options” on RexTube

IRS Tax Payment Options: http://youtu.be/Cp4FcCGeHL4


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Asi es posible para límite sus paga mensuales. No se conforme por menos.
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Vea esa cortometraje para saber sus optiones quando tiene deudas con el IRS atravesando RexTube.

Opciones de Pago del IRS::http://youtu.be/Q3re5nnVFI8
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Watch “Fecha Límite de Impuestos – 15 de octubre de 2014” on RexTube
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Fecha Límite de Impuestos – 15 de octubre de 2014: http://youtu.be/mdbPqDmAT_M
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USA ~ EAGLE & FLAG Mov Gif 04FEB14

A MESSAGE FROM REX CRANDELL’S TAX OFFICE:

Our firm provides income tax preparation and planning services for individuals, families, C Corporations, S Corporations, LLC Limited Liability Companies, Partnerships, domestic partners, for income and deductions generated in California, the United States, and assist taxpayers internationally comply with the USA income tax reporting requirements. Rex Crandell, Esq. also provides services in the area of Estate Planning, Estate Administration, Probate Procedures, Advance Healthcare Directives, Durable Powers of Attorney for Financial Management, and Advance Health Care Directives.

You can contact Rex Crandell’s offices in Walnut Creek and San Francisco, California
by calling; 1 (800) 464-6595;
or (925) 934 6320, Walnut Creek, California;  or  (415) 982-1110, San Francisco, California

or by e-mail at:    rexcrandell@astound.net

http://www.rexcrandell.com/

http://www.taxrexcrandell.com/

We would be happy to hear from you.

…FROM REX CRANDELL’s OFFICE…

Please contact our office if you have any questions.

Very truly yours,
/s/ Rex L. Crandell
Rex L. Crandell. CPA, Esq.

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FROM:

Rex L. Crandell Firm

Walnut Creek Office (For UPS/FedEx/OR if Signature Req’d Documents)
3000 Citrus Circle
Suite 207 – West Wing [ Click For MAP TO OUR OFFICE]
(925) 934-6320
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San Francisco Office
425 Market Street
22nd Floor [ Click For MAP TO OUR OFFICE]
(800) 464-6595
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E-Mail: mailto:rexcrandell@astound.net
Internet: http://www.rexcrandell.com
Internet 2nd Web http://taxrexcrandell.com
Internet 3rd Web http://estateplanningreport.wordpress.com
Internet 4th Web https://taxnewsonlinereport.wordpress.com/ 
Skype Address rex.crandell
Fax: (925) 934-6325
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All U.S. Mail items [Except if Signature is required]:
P.O. Box 30305-Dept.  Tax News Blog Update
Walnut Creek, California 94598-9305 United States of America
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IT'S TAX TIME.  BETTER GET YOUR PAPERS AND FILES READY EARLY. IT’S TAX TIME. BETTER GET YOUR PAPERS AND FILES READY.
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This newsletter is intended to provide generalized information that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this newsletter should not be acted upon without specific professional guidance. Please call us if you have questions.

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STATEMENT PURSUANT TO IRS CIRCULAR 230: The drafter of this document did not intend nor write this document for the purpose that this document would be used to avoid any penalty imposed by a taxing authority, for promoting, marketing or recommending this advice to another party. The recipient of this document may not use this document for that purpose. Rex Crandell Firm would be pleased to prepare or arrange to have prepared by legal counsel, as applicable, a document that would meet the specific requirements of IRS Circular 230 and could be used for those purposes. Please advise us if you desire such a document.

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