Starting to get a bit concerned. Am I going to be audited or something? This has never happened before, but I also have never owed money before. It’s because I had to take a loan against my 401k for emergency reasons.
Confused. I filed almost a month ago and owe them money. But they still haven’t approved and my balance on the IRS site says $0.
byu/Spongemage intax
Posted by Spongemage
1 Comment
Your “bill” is the Form 1040 you filed almost a month ago, and IRS pushes unpaid balance due returns to the back of the line for processing.
Start throwing money at the balance due:
https://www.irs.gov/payments/pay-personal-taxes-from-your-bank-account
IRS will issue the first notice demanding full payment in June.
https://www.irs.gov/individuals/understanding-your-cp14-notice
When you have that notice in hand, access Online Payment Agreement at IRS.gov and set up the payment plan that meets your needs. IRS offers short-term (180 days or fewer) and long-term (seven months or more) plans, each with varying terms and conditions.
https://www.irs.gov/payments/online-payment-agreement-application