Payment Plans

Can’t Pay Your IRS Installment Agreement Due to the Coronavirus?

June 8, 2020

If you’re in a tight financial spot and can’t afford to make your monthly IRS installment agreement payments, you may qualify for one or more types of tax… Read More

IRS People First Initiative: Helping Struggling Taxpayers Details

March 31, 2020

As efforts to flatten the contagion curve of coronavirus close businesses and schools across the country, many people are watching their paychecks disappear, their investments fall, and their… Read More

Private Collection Agencies to Now Handle IRS Direct Debit Payment Plans

October 9, 2019

Which Collection Agencies Can Accept Direct Debits? At the time of writing, the IRS only works with four collection agencies: CBE, Performant, Pioneer, and ConServe. If a bill… Read More

Settle Taxes Owed by Paying in Full – Settle IRS Back Taxes

April 16, 2015

Settle IRS Tax Liability by paying the amount in full. Some ways to get money even if you don't have it. Read More

IRS Falls Short on Collecting from Delinquent Taxpayer

October 16, 2014

The last thing you want to find in your mailbox is a notice from the IRS telling you that you owe additional taxes. You could ignore it and… Read More

IRS Eases Up On Taxpayers Who Owe Taxes or Back Taxes

March 4, 2011

Last Thursday, IRS commissioner Doug Shulman announced a new set of initiatives to help taxpayers struggling to pay their taxes or pay off back taxes in this lackluster economy.  Sometimes… Read More

Why an IRS Payment Plan is Not Always Best If You Owe Taxes

January 6, 2011

The option to use an IRS Installment Agreement helps many people pay taxes they owe when they don't have enough cash available to pay the owed taxes all… Read More

Should You Borrow From a 401K to Pay Taxes You Owe?

May 7, 2010

Taking money out of a 401K for something other than your retirement isn't easy, but there are some situations that allow you to access the funds Read More

Why You Should Not Put Taxes on a Credit Card

January 19, 2010

When you finish filing your tax return you may find that you owe the IRS money. If you then find out that you cannot pay these taxes in… Read More

3 Common Tax Relief Methods if You Can’t Pay Your Taxes

December 14, 2009

When you can't pay your taxes on time or in full you have various options available to you. This year, more than ever, taxpayers are receiving tax bills… Read More