Owe Taxes and Can’t Pay by the Due Date?

The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who end ends up owing?
The IRS encourages you to pay the full amount of your tax liability on time by imposing significant penalties and interest on late payments if you don’t. So if you are unable to pay the tax you owe, it is generally in your best interest to make other arrangements.