So you’ve prepared your return and you owe the IRS but you don’t have the money to pay. Now what?
The feeling of having to pay taxes, especially when you owe more than you were expecting, can be a dreadful feeling and can leave some taxpayers in a financial bind, but there are steps that you can take to reduce the burden and the stress of owing money to the IRS. First off, don’t panic. Instead consider these steps for settling your tax debt and getting yourself back on track with the IRS.