Tax season is just around the corner. Few people look forward to it, but those who are concerned they may owe taxes approach this time with particular apprehension. According to the OSCPA , there are options for those who need more time to file their returns or who are having trouble paying what they owe including:
Don't fail to pay.
What happens if you just can't pay the taxes you owe? The IRS may be willing to work with you in this situation, so it's important to get in touch with them and discuss your options. Your CPA can explain the choices to you and work with you and the IRS to resolve the problem. Be aware that failure to file a return at all will subject you to penalties, so this is never your best course of action.