If you owe taxes but can’t pay in full, you have a number of options. Make sure you file your tax return on time and pay as much as you can.
• Borrow the money. You may want to get a loan from a bank or other source.
• Make an Online Payment Agreement. If you owe $50,000 or less, you can apply for an installment agreement. You may choose to make payments for up to 72 months. Online Payment Agreement tool.
• Use an Offer in Compromise as a last resort. An Offer in Compromise is an agreement that allows you to settle your tax debt for less than the full amount. Use the Offer in Compromise Pre-Qualifier tool.