Owe the IRS and Can’t Pay? You Have Options.

By Dana McGuffin | April 28, 2016 | Comments Off on Owe the IRS and Can’t Pay? You Have Options.
Owe IRS and Can't Pay? You Have Options.

What happens if you owe the IRS – and you can’t pay? First, be sure to file your return anyway to avoid penalties for nonfiling. Then consider the following options, and choose the one that fits your financial situation. Can you pay off the balance within 120 days? If so, apply for a short-term payment…

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