3 Ways to Check a Balance Owed to the IRS
As taxpayers, it’s critical to keep track of any balances owed to the Internal Revenue Service (IRS). This is essential in avoiding late fees, penalties, and potential legal issues. Here are three ways to check a balance owed to the IRS.
1. Access Your Online Account with the IRS:
The most convenient way to check your balance is by accessing your online account with the IRS. To do this, follow these steps:
Visit the official IRS website and go to the ‘View Your Account Information’ section.
Create or sign in to your existing account by providing the required personal information, including Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), date of birth, and other pertinent details.
Once you have accessed your account, navigate to the ‘Tax Records’ tab. Here you can see your outstanding balance, interest, and possible penalties.
2. Request a Transcript of Your Tax Account:
A transcript of your tax account can provide detailed information about your balance owed. Requesting a tax transcript is free and can be done using the following methods:
Online: Go to the ‘Get Transcript’ section on the IRS website and choose between viewing your transcript online or receiving it through mail; both options require providing identifying information for verification.
Phone: Call the automated line at 1-800-908-9946 and follow the prompts.
Mail: Complete Form 4506-T or 4506T-EZ and mail it to the address specified on the form.
3. Contact an IRS Agent by Phone:
If you prefer speaking directly with an IRS representative, you can call their customer service line for individual taxpayers at 1-800-829-1040 (Monday through Friday from 7 am to 7 pm local time). Be prepared to provide your SSN or ITIN, date of birth, and other relevant personal information for verification. Note that wait times may vary during peak periods.
In conclusion, staying informed about any outstanding balances owed to the IRS is crucial for both financial planning and avoiding negative consequences. Utilize any of these three methods to keep track of your balance and maintain a healthy relationship with the tax agency.