The Internal Revenue Service (IRS) has created a special web page for those who are unemployed and struggling to pay their taxes. On this special web page titled “Tax Center to Assist Unemployed Taxpayers” is a list of resources that you can scan through to see if they related to your particular tax issue.
Why the special web page? Life changing events can impact your income tax return and any tax debt that you owe to the IRS. Loss of a job, forgiveness of debt by creditors, using your retirement funds to pay bills, are just a few examples. If your income decreases, you might also become eligible for the Earned Income Tax Credit.
The IRS recommends that if you have trouble paying your tax bill to contact them immediately. They also recommend that you file your tax returns even if you are unable to pay to avoid additional penalties. For information related to Free Tax Help, and the What Ifs of an Economic Downturn visit this special IRS page for unemployed taxpayers.