Enroll in an IRS payment plan The IRS has both short-term and long-term installment plans to help taxpayers square their accounts. You’ll still have to pay some interest and penalties, but you'll avoid more serious consequences. If you’re drowning in tax debt, you can apply for an off...
Setting up a payment plan is probably the best way to go, resulting in the least cost and detriment to you. Note that when you submit a request to the IRS for an installment agreement, you will have a better chance of success if you: Let the IRS know you'll pay the debt off as...
IRS Installment PlanThe IRS is often willing to grant IRS payment agreement (starting at just $25 a month), and applying for one can help you avoid more serious consequences like liens and levies. Installments accrue both interest and contain setup fees so it is not without cost....