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You’ll show you have nothing to hide by being upfront about the situation, which will in turn make the IRS more apt to work with you on payment plans or an extension.
This is generally offered in connection with federal loans.
Note: Depending on your situation, there may be eligibility requirements for certain plans.
Refer to the consolidation application for more information about repayment plan eligibility. Your information won't be saved if you navigate away from the online application.
In my personal experience as a small business accountant, the amount you end up actually paying is often much different than the initial amount due.
Each notice will be associated with a specific case you can reference when calling or writing them to resolve it.
To identify your current plan with Great Lakes, and to investigate other plans, select tab to estimate your monthly payment under various repayment options.