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February
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Paying the IRS with an Installment Agreement
in IRS Audit
When you pay your taxes on time, you avoid penalties and fees that the Internal Revenue Service (IRS) most certainly will slap on you. But even if you’ve implemented a plan to have the funds available by the April 15 due date, sometimes unexpected expenses come up that are just unavoidable, leaving you unable to pay your income taxes on time. When that happens, you need to bite the bullet and accept the consequences — which may turn out to be an IRS installment agreement. Then you can pay the service until you’ve settled your debt. Charges you most likely incur...
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