Income Tax Service
5200 W Market St
Greensboro, NC 27409
April 11, 2014
Four Tips If You Can't Pay Your Taxes on Time
If you find you owe more than you can pay with your tax return, donít panic.
Make sure to file on time.
That way you wonít have a penalty for filing late.
Here is what to do if you canít pay all your taxes by the due date.
File on time and pay as much as you can.
File on time to avoid a late filing penalty. Pay as much as you can to reduce
interest charges and a late payment penalty. You can pay online, by phone, or
by check or money order. Visit IRS.gov for
electronic payment options
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.
Use the Online Payment Agreement tool.
You donít need to wait for IRS to send you a bill before you ask for a
. 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 wonít have to write a check and mail it on time each
month. It also means you wonít miss payments that could lead to more penalties.
Donít ignore a tax bill.
If you get a bill, donít 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 a financial hardship, the IRS will work with you.
In short, 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.