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New Member
posted Mar 20, 2024 9:43:38 AM

What if the amount owed exceeds my credit limit

What if my credit limit is $5,000 but the tax due is $10,000?

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1 Replies
Level 15
Mar 20, 2024 9:45:38 AM

If you do not have the funds to pay the entire amount of federal taxes owed you can set up a payment plan with the IRS.

Go to this IRS website for a payment plan application - https://www.irs.gov/payments/online-payment-agreement-application