The IRS is reminding taxpayers that they have options if they can’t pay their tax bills in full. The tax agency advises these individuals to file their returns by the deadline, pay what they can and explore payment options for the balances. The IRS offers short- and long-term plans. The former is offered if the balance owed is less than $100,000 in combined tax, penalties and interest. The taxpayer has up to 180 days to pay the balance in full. The latter is offered if the total balance owed is less than $50,000 in combined tax, penalties and interest. The taxpayer has up to 72 months to pay the balance in full. Contact us about how to proceed. For more details: https://bit.ly/3XBLRh9 © 2024