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Fillable Nyc 1127 Form

Fillable Nyc 1127 Form

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hey there youtube so in this video i wanted to talk about the irs form 1127. this is an application for extension of time for payment of taxes due to undue hardship so if you file a tax return and you find you owe taxes at the end of the year and you can't pay it there are a couple of options right first option is usually just to do an installment request that's via form 9465. i have a separate video on that i'll leave a link below if you think that that's your better option this is an option where you owe taxes but for undue hardship reasons you really can't pay it so when you look at your financial situation even the installment plan might not work for you right so in order to get a request an extension request to pay that tax you submit this form to the irs and after they review the form they will let you know whether they grant your request or not so i want to go through the form an example and an example of the financial statements that you'll need to attach so again this is form

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