I remember the old jingle for 7-Eleven that sang “Oh thank heaven for 7-Eleven!” Well, now we can add the tax collecting IRS to that jingle. Oh, thank heaven for 7-Eleven and the IRS!
Believe it or not, you can now pay your taxes at that convenience store in 34 states. And, you can even make those payments in cash!
According to a recent announcement from the IRS, “Individual Read More
Here are some options to consider, even if you can’t pay the full amount right now:
• Borrow the money. If you don’t have the money to pay all your taxes now, then you may want to get a loan from a bank or other source. The interest rate may be lower than the interest and penalties the IRS charges on late taxes. You also may be able to borrow against your assets or sell them to raise cash.
• Make an Online Payment Agreement. If you are unable to pay in full, then consider paying over time.
◦ If you owe $50,000 or less, you can apply for an installment agreement. You may Read More
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