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IRS Payment Options for Back Taxes: What To Do When You Can’t Pay

As tax season wraps up, Americans often find themselves in one of two camps: those dreaming about what to do with their refund — and those who are losing sleep over a tax bill. Many taxpayers avoid filing because they fear what they’ll owe, but that just adds penalties and interest to the problem. Perhaps they received a notice from the IRS and don’t know how they can possibly pay . Fortunately, there are several IRS payment options and alternatives for taxpayers who want to get caught up, but need some flexibility. If you owe the IRS and can’t pay, keep reading.

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Understanding IRS Tax Notices: A Practical Guide for Taxpayers

Receiving a notice from the IRS can be stressful, but with the right approach, you can effectively address and resolve the issues at hand. Understanding the type of notice, verifying its legitimacy, and taking prompt, informed action are key steps to managing your tax situation. Remember, staying calm and methodical will help you navigate this process more smoothly.

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