Video Tips: Owe Taxes and Can’t Pay?

Individuals have many options when they cannot pay their tax liability by the April due date.

April 7, 2024

Individuals have many options when they cannot pay their tax liability by the April due date, including setting up an IRS payment plan, making a payment by credit card, tapping a retirement plan, and borrowing money from a friend or relative. Each option has negative implications, and some have substantial fees, penalties and/or interest.

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