Home |IRS Tax Return | What should I do if I can't pay my $2000 tax debt to IRS by the November 1st deadline, especially considering I initially owed $3000 and was only able to pay $1000? I attempted to revise my payment plan online, but it only offers an option to pay everything at once. What's the best course of action to avoid falling behind on my tax payments?

What should I do if I can't pay my $2000 tax debt to IRS by the November 1st deadline, especially considering I initially owed $3000 and was only able to pay $1000? I attempted to revise my payment plan online, but it only offers an option to pay everything at once. What's the best course of action to avoid falling behind on my tax payments?

Robert James, 20+ years of experience in IRS matters
Answered on September 27,2023

You can get a regular installment plan if you can afford $55 a month or so, but you'll probably need to call. Or wait until after Nov 1st and try to set it up online again.

Or you can see if you qualify for Currently Not Collectible status; you won't have any required payments if so, but it's a good idea to make voluntary payments because the tax debt will continue to accrue interest and penalties.

Currently Not Collectible

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