Delay the Computerized Notices to Buy Time

If You Need to Buy More Time In Order To Pay and You Are Willing to Pay In Full, This Option Could be Good For You

Some people don't realize actually how easy it is to buy more time once the IRS's computerized collection process begins. There is no need to lengthy explanations or excuses; it is as simple as just asking.

When you receive the bill and cannot pay, simply write back and send a letter with the bill stating that you cannot pay right now and ask for an additional 45 days to pay. Forty five days is the maximum amount of time that can be entered into the IRS computerized notice cycle to suspend the notices. This will buy some time until you receive your next notice. If you still cannot pay by then, simply do the same thing again, but try to pay a small amount of the bill to actually show them that you are trying to pay. This should hopefully buy you the time you need in order to pay off the tax debt without entering into a payment plan. You can see this as using the IRS system to make your own payment plan. Sometimes the IRS will even give you more than the 45 days, the IRS is known to be extremely inefficient and you could actually receive a year or more to pay off your balances before you receive your next letter.

Keep in mind, once you receive CP-504, there will be one more notice following this before the IRS can take your assets, so be sure to act before then. If you fail to pay, you will then enter the automated collection system and the IRS.