Tax professionals warn that everyday expenses and lifestyle choices can derail IRS payment plans before they're approved ...

If you can’t pay your tax bill in full, the IRS offers payment plans, settlements and hardship options — but penalties and interest can grow quickly.

Getting a notice from the IRS indicating an outstanding balance can be alarming, particularly if one is unable to pay the entire amount at once. Fortunately, the Internal Revenue Service provides ...

An IRS Installment Agreement is a formal arrangement that enables taxpayers to settle their tax debt over a specified period. This option is tailored for those who do not qualify for debt forgiveness ...

An installment agreement allows taxpayers to make monthly payments toward their balance, but it comes with strict compliance rules. Missed filings – even for years with little or no tax due – can ...

The deadline for filing federal tax returns and paying any owed taxes is April 15 for most taxpayers. Missing this deadline can lead to interest and penalties that increase your financial burden.