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ESign Agreement To Extend Debt Payment

ESign Agreement To Extend Debt Payment

Aug 6th, 2022

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How to eSign Agreement To Extend Debt Payment

4.7 out of 5

32 votes

In this video, the speaker discusses IRS Form 1127, which is an application for an extension of time for tax payment due to undue hardship. If a taxpayer finds they owe taxes after filing their return but cannot pay, they typically have a couple of options. One option is to file Form 9465 for an installment request. However, if even that isn't feasible, Form 1127 can be used to request an extension. The form must be submitted to the IRS, which will review it and inform the taxpayer whether the request is granted. The speaker plans to provide an overview of the form, an example, and discuss the financial statements needed to accompany the request.

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