Failed to Pay Taxes? Here are the Next Steps

If you know that you did not pay your full tax bill to the IRS, we know that you will be thinking that you have no recourse left. But we want you to know that it is not how things work. You still have a chance to make things right, and you are going to want to ensure that you are using this chance in the best possible way. Despite the bad reputation that you often hear about the IRS, they are very forgiving when you do not pay your taxes on time. You will have chances to make it right.

What you will have to do is use a site like, where you can get in touch with a tax professional. That is what you are going to want to do. You will want to ensure you are being 100 percent honest and open with the tax professional. Give them all your information and show them your tax forms. Show them precisely what you did, and how much money you did not pay. When the professional has the right information, they can help you in a much better way. You will get good advice.

What they are going to do is start negotiations with the IRS. If you are only a few months behind on your taxes, or these are taxes from last year’s filing, you still have a chance. The only time the IRS takes a very hard line stance is when you have gone through many years and you have not paid the taxes that you owed. So long as you are just a year out, or less, you are fine. You have a chance where you can settle this case and then you can go on with your life.

There are a few types of settlements that we can reach with the IRS. The most common settlement is the one where you are going to pay the amount of taxes that you owe, and you will have to pay a small penalty too. The payment is one off, and then you are back in good standing. But if you do not have the money to make the full payment in one go, then you have another option. You can ask the IRS whether they can agree to an installment plan. This means that you will be charged some interest, and the fee for paying late will still be present.

But if you are going with that option, it will be a lot easier for you. We think that you will be a lot happier if you are paying through installments. Whether it takes you a few months or a full year to pay your tax bill, you will eventually get it done. And so long as you are making your payments on time, you will not have to worry about the IRS taking any other action against you. But if you completely ignore their pleas to fix the situation, you could see your accounts getting frozen in the future.