How to find out if i owe back taxes?

How do I find out what I owe for last years taxes that I haven't paid yet?

  • I had $300 and some odd dollars owed on my taxes last year and hadn't paid them. I know there will be a penalty but how can I find out what I currently owe when the IRS hasn't sent anything regarding this.

  • Answer:

    Mail the money you know you owe and ask for a statement of account from the IRS. Every day you delay the amount owed grows and grows, don't wait for them to contact you.

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Late payment penalty is 5% per month that it is late. Interest is somewhere around 8-9% (you can check the IRS website to find out the correct interest rate). The interest and penalties will start beginning with April 15.

jseah114

call the I R S office and they will help you

guess

normally it is 18%, you should pay it soon because there is probably a tax lien filed on your credit reports already. When you file your taxes this year if you owe them money they will take it out of your return. Check all 3 of your credit reports for free at www.annualcreditreport.com. If your tax lien is on your credit, when you pay it you must take your lien release and file the release at your local court house. Just because you pay it off does not mean it is released. You must release it at the court house - the irs never does this like they are supposed to.

NONAME

Go to IRS/GOV and plug in your details for an exact answer.

acmeraven

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