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So you owe back taxes and can’t pay right now.... put it on layaway (kinda).  A payment plan can prevent involuntary collection action!

What is a payment plan?

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame. If you qualify for a short-term payment plan you will not be liable for a user fee. Not paying your taxes when they are due may cause the filing of a Notice of Federal Tax Lien and/or an IRS levy action. See Publication 594, The IRS Collection Process (PDF).

Click here for more information for IRS:

https://www.irs.gov/payments/payment-plans-installment-agreements

Click here for more information on the California Franchise Tax Board:

https://www.ftb.ca.gov/pay/payment-plans/index.asp

steve@stevesimsea.com