Need More Time to Pay Taxes? Read On!
Taxpayers that owe money on their taxes will be glad to know that they have some options if they can’t afford to pay the full tax liability immediately.
Here are 10 things the IRS would like people to know about taking more time to pay their taxes:
1. If a taxpayer can’t pay the full amount, they should pay as much as they possibly can. Paying as much as they can now lowers the amount of penalties and interest that will be added to the amount owed.
2. Depending on the circumstances, … Read more at 2011 Taxes.