How can I pay taxes I owe?
There are several ways to pay taxes you owe.
- You can pay tax by credit or debit card at an IRS-sponsored pay site.
- You can mail a check to the address listed on your filing instructions with your Form 1040-V.
If, for whatever reason, you can’t pay taxes, you can request additional time to pay your tax in full or set up an IRS payment plan.
Instead of an installment agreement, you can request an additional 120 days to pay your full tax balance. If you do this, you’ll usually pay less in penalties and interest. There’s no fee for this short extension of time to pay.
If you file an extension (Form 4868), it’s only an extension of time to file. It’s not an extension of time to pay. However, you’ll only be subject to interest (not penalties) if:
- You paid at least 90% of the tax due by the filing deadline.
- You file your return.
- You pay the remaining balance by the extension deadline.
The IRS may contact third parties to obtain and/or verify information regarding your tax account. Learn more about IRS notice LT41 from the experts at H&R Block.
Learn about the automated substitute for return unit at the IRS. Read the IRS definition and get more insight from the experts at H&R Block.
An office audit is a face-to-face examination conducted at an IRS office. Read the IRS definition and get more insight from the tax experts at H&R Block.
If you sold stock, bonds or other securities through a broker or had a barter exchange transaction, you will likely receive a Form 1099-B. Learn more from H&R Block.