If you owe taxes but can’t pay, the IRS still expects you to file or request an extension by April 15. Filing without paying in full is better than not filing at all—penalties start immediately for ...

The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

Clients in deep individual tax debt to the IRS now have a retooled payment option—if they qualify and know the pitfalls. The IRS Simple Installment Agreement (IA) has replaced the agency’s Streamlined ...

How a personal loan compares to an IRS payment plan and what it means for your wallet If you’ve expected a refund on your taxes but instead received a tax bill, you ...

If you missed filing your tax return by April 15, 2025, due to insufficient funds, the IRS advises requesting an extension until October 15. This allows you to file your return, pay as much as ...

How a personal loan compares to an IRS payment plan and what it means for your wallet Dhara Singh is a personal finance writer with more than 300 articles published online on topics related to ...