{"id":34855,"date":"2023-04-24T15:58:27","date_gmt":"2023-04-24T20:58:27","guid":{"rendered":"https:\/\/www.eztaxreturn.com\/blog\/?p=34855"},"modified":"2023-06-04T10:31:37","modified_gmt":"2023-06-04T15:31:37","slug":"the-numbers-say-you-owe-taxes-what-to-do-next","status":"publish","type":"post","link":"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/","title":{"rendered":"The Numbers Say You Owe Taxes: What to Do Next"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">You have worked and sweated over your tax return. Maybe you even swore a time or two as you prepared this all-important document. You have crunched the numbers, and now you get a first look at the results of all your hard work.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">To your horror, the refund you had anticipated has failed to materialize. In fact, the bottom-line number shows that you owe additional money to the IRS. Now, what do you do? Do you panic and hide out until the tax filing deadline has come and gone? Do you simply not file, hoping your return will slip under the radar and somehow escape the wrath of the IRS?<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Neither of those is a good solution, and either is likely to get you into even hotter water. So before you panic, put down your receipts, put your documents away, and take these critical steps instead.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Double-check the numbers <\/strong><strong>to make sure you really owe taxes<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The first thing you should do is double-check the numbers. The bad news you are seeing on the screen could simply result from bad math or, more likely, erroneous data entry.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Before you do anything else, take a minute to review all of the numbers you entered. Did you put a single amount in twice or type the wrong digit into the program? If so, your tax dilemma could be solved, and you can simply sit back, relax, and wait for the anticipated refund to roll into your bank account.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\r\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.eztaxreturn.com\/ezrouter.html?action=start_return&amp;utm_source=blog&amp;utm_medium=blog&amp;utm_term=numbersowetaxes&amp;gid=numbersowetaxes\" target=\"_blank\" rel=\"noreferrer noopener\">Get Started Now<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Seek out last-minute tax deductions<\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Even if you still owe taxes to the IRS, all might not be lost. As long as the tax filing deadline has not yet passed, you may still have access to some hefty tax savings, including contributions to an IRA or health savings account.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">It might be tough to scare up the money for that last-minute IRA deduction or contribution to a health savings account, but when you consider the alternative, you might see things from a new perspective. If you fail to act, you will have to pay the money to the IRS. But if you take advantage of these last-minute tax deductions, you will essentially be paying the money to yourself instead.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Make a plan to pay the taxes owed to the IRS<br \/><\/strong><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">As you can see, there are several steps to take when you think you owe taxes to the IRS. From making a last-minute contribution to your IRA or opening a new health savings account to double-checking your math and having an expert review your return, each of these steps could end up wiping away the apparent debt.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Even so, there are times when the numbers will be correct, and when no amount of last-minute tax deductions will eliminate the amount you owe the IRS. If that happens, it&#8217;s time to make plans to pay, and the sooner you act, the better.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you have the resources to pay what you owe, writing a check to the IRS is the path of least resistance. No matter how painful the experience is, once that check is in the mail, you can stop worrying about taxes for another year.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">If you do not have the funds to pay, the IRS will work with you. Consider getting on an IRS payment plan or apply for an offer in compromise if you qualify.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<h2 style=\"text-align: center;\">File your own taxes online the fast and ez way.<\/h2>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\r\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-white-color has-luminous-vivid-orange-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.eztaxreturn.com\/ezrouter.html?action=start_return&amp;utm_source=blog&amp;utm_medium=blog&amp;utm_term=numbersowetaxes&amp;gid=numbersowetaxes\" target=\"_blank\" rel=\"noreferrer noopener\">Get Started Now<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<div class=\"wp-block-spacer\" style=\"height: 30px;\" aria-hidden=\"true\">\u00a0<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>You have worked and sweated over your tax return. Maybe you even swore a time or two as you prepared this all-important document. You have crunched the numbers, and now you get a first look at the results of all your hard work. To your horror, the refund you had anticipated has failed to materialize. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":34859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-34855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-tips-and-planning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v20.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Numbers Say You Owe Taxes: What to Do Next<\/title>\n<meta name=\"description\" content=\"You have crunched the numbers, and now you see that you won&#039;t be getting a refund. Here&#039;s what to do if you owe taxes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Numbers Say You Owe Taxes: What to Do Next\" \/>\n<meta property=\"og:description\" content=\"You have crunched the numbers, and now you see that you won&#039;t be getting a refund. Here&#039;s what to do if you owe taxes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\" \/>\n<meta property=\"og:site_name\" content=\"ezTaxReturn.com Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ezTaxReturn\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-24T20:58:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-04T15:31:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/staging.eztaxreturn.com\/blog\/wp-content\/uploads\/2023\/04\/Image20230422111247.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ezTaxReturn Expert Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:site\" content=\"@ezTaxReturn\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ezTaxReturn Expert Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\"},\"author\":{\"name\":\"ezTaxReturn Expert Staff\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#\/schema\/person\/53293fc1f8f3940b232359e95b10360b\"},\"headline\":\"The Numbers Say You Owe Taxes: What to Do Next\",\"datePublished\":\"2023-04-24T20:58:27+00:00\",\"dateModified\":\"2023-06-04T15:31:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\"},\"wordCount\":581,\"publisher\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#organization\"},\"articleSection\":[\"Tax Tips &amp; Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\",\"url\":\"https:\/\/staging.eztaxreturn.com\/blog\/the-numbers-say-you-owe-taxes-what-to-do-next\/\",\"name\":\"The Numbers Say You Owe Taxes: What to Do Next\",\"isPartOf\":{\"@id\":\"https:\/\/staging.eztaxreturn.com\/blog\/#website\"},\"datePublished\":\"2023-04-24T20:58:27+00:00\",\"dateModified\":\"2023-06-04T15:31:37+00:00\",\"description\":\"You have crunched the numbers, and now you see that you won't be getting a refund. 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