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