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.
Many taxpayers are stumped by Form 1099-K. Find 1099 k instructions and helpful information in this easy-to-read article from H&R Block.
Get the facts from H&R Block about the most common types of IRS penalty abatement: first-time penalty abatement and reasonable cause penalty relief.
Wondering what the IRS means when it says penalties and interest will accrue? Read the IRS definition and get more insight from the experts at H&R Block.
If you do not agree on the proposed changes to your tax return, you can request a conference with your auditor’s manager. Learn more from H&R Block.