What to Do if You Can't Pay Your Taxes

The tax deadline has already passed, but what happens if you still haven't filed because you owe the IRS money but don't know how to pay it? While there isn't a way out of paying your taxes, there are various options available to you if you are unable to pay your taxes in full. Even if you know you can't afford to pay everything in full, you certainly want to still file your return on time to avoid further penalties. Make sure you understand what options are available to you, and what the best course of action is for your specific situation.