What are my options if I can pay my income taxes?
Do your taxes and contact the IRS. They DO have payment plans. This is verbatim right off the IRS website: Topic 202 – Tax Payment Options There are various options for payment of an outstanding federal income tax liability. Since your balance is subject to interest and monthly late payment penalty, it is in your best interest to pay in full as soon as you can to minimize the additional charges. Penalties are also assessed for failure to file a tax return so you must file even if you cannot pay your balance immediately. You may pay your tax liability electronically or by sending a check or money order, made out to “United States Treasury”. If you cannot pay in full you may pay any lesser amount you are able to. Please see Topic 158 for information to include to ensure that your payment is credited properly. You should consider financing the full payment of your tax liability through loans, such as a home equity loan from a financial institute or credit card. The interest rate a bank ch
