If you find you owe more than you can pay with your tax return, don’t panic. The key is to file on time. This way you won’t have a penalty for filing late. Here are a few options if you can’t pay all your taxes by the April 15 due date.
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 and how to stay off the IRS radar here.
See: Filing Your Tax Return – What You Need to Know
For immediate assistance with paying your taxes, or another tax matter, contact us today at 1-949-260-4770 for a FREE and CONFIDENTIAL consultation with our CPAs and former IRS Agents.
We look forward to serving you.