If you cannot make a tax payment in full, what is the BEST next step to take?

Pay as much of the bill as you can and leave the rest unpaid.

Ignore the tax bill - the IRS will know that you cannot make the payment at this time.

Pay $300 to see a tax professional and get their advice on what to do.

Contact the IRS to see if there is a payment plan that works for you.

Question

Dud

Business

8 September, 03:42

If you cannot make a tax payment in full, what is the BEST next step to take?

Pay as much of the bill as you can and leave the rest unpaid.

Ignore the tax bill - the IRS will know that you cannot make the payment at this time.

Pay $300 to see a tax professional and get their advice on what to do.

Contact the IRS to see if there is a payment plan that works for you.

+4

Answers (1)

Know the Answer?

Mcpherson · Answer 1

Contact the IRS to see if there is a payment plan that works for you.

Explanation:

In a situation where someone determines that they cannot pay the tax liability, it is advisable to still file the tax return by the stipulated deadline. Additionally, contact the Internal Revenue Services (IRS) and explain your situation; they most likely have other payment plans that would work for you. Ignoring the tax bill and hoping that IRS will overlook it can lead to penalty; this might be very costly.