Here is what to do if you can’t pay all your taxes by the due date.
1. File on time and pay as much as you
can. You can pay online, by phone, or by check or money order. Visit
IRS.gov for electronic
payment options.
2. Get a loan or use a credit card to pay
your tax. The interest and fees charged by a bank or credit card
company may be less than IRS interest and penalties. For credit
card options, see IRS.gov.
3. Use the Online Payment Agreement
tool. You don’t need to wait for IRS to send you a bill before you ask
for a payment
plan. The best way is to use the Online
Payment Agreement tool on IRS.gov. You can also file Form
9465, Installment Agreement Request, with your tax return. You can even set
up a direct debit agreement. With this type of payment plan, you won’t have to
write a check and mail it on time each month.
4. Don’t ignore a tax bill. If
you get a bill, don’t ignore it. The IRS may take collection action if you
ignore the bill. Contact the IRS right away to talk about your options. If you
are suffering financial
hardship, the IRS will work with you.
5. File to reconcile Advance Payments of
the Premium Tax Credit. You must file a tax return and submit Form
8962 to reconcile advance payments of the premium tax credit with the actual
premium tax credit to which you are entitled. You will need Form
1095-A from the Marketplace to complete Form 8962. Failure to reconcile your
advance payments of the premium tax credit on Form 8962 may make you ineligible
to receive future advance payments.
Remember to file on time. Pay as much as you can by the tax deadline and pay
the rest as soon as you can. Find out more about the IRS collection
process on IRS.gov. Also check out IRSVideos.gov/OweTaxes.Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. These are your Taxpayer Bill of Rights. Explore your rights and our obligations to protect them on IRS.gov.
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