If you know you won’t be able to afford to pay the income taxes you owe in full this year, you might be starting to panic as tax season approaches.
As we all know, failing to pay taxes can result in significant fines as well as criminal charges, so it’s smart to get a plan in place now. The good news is that there are options available for people in your situation.
These options from the IRS help you to avoid the interest and penalties that are normally associated with failing to pay the taxes you owe. They include: