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New Member
posted May 1, 2022 4:10:18 PM

Hello, i filed my taxes on time but i need to file a payment extension because i dont have enough funds to cover the total at this time. any advice?

i have not submitted any payment yet, im considered late

0 3 479
3 Replies
Level 15
May 1, 2022 4:35:21 PM

LOL ... there is no such thing ... just pay what you can now and the IRS will gladly bill you for the balance due + penalty + interest.  

New Member
May 1, 2022 7:07:51 PM

:(

Level 15
May 1, 2022 7:36:27 PM

you can set up a payment plan. even with one, the IRS will charge penalties and interest. advantages/disadvantages

https://www.toptaxdefenders.com/blog/bid/163109/Advantages-and-Disadvantages-of-IRS-Installment-Plans#:~:text=Advantages%20of%20an%20IRS%20Installment%20Plan%20An%20IRS,with%20a%20large%20lump%20sum%20payment%20at%20once. 

 

payment plan

https://www.irs.gov/payments/online-payment-agreement-application