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    walpi's Avatar
    walpi Posts: 3, Reputation: 1
    New Member
     
    #1

    May 27, 2005, 11:26 PM
    Penalties and interests
    Is there anyway to know from IRS directly how much money you own in interests and penalties for overdue taxes right away without waiting to get a bill in the mail ? I know that there are software that will allow you to calculate estimated penalities and interests but I am talking to know the official numbers right away from IRS ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    May 30, 2005, 09:40 AM
    Walpi:

    A phone call to the IRS will probably get you the information. The interest rates and penalties can also be found at www.irs.gov, but the calculations are a bit complox. The IRS can bring up the program and do the calculations while you wait.

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