1) Pay as much as you possibly can right now.
2) You can ask for (and often receive) an extension to pay.
3) "Financial hardship" delay: This is if paying your tax bill would demonstrably affect your ability to pay your other bills. Interest and penalties still accrue.
4) Installment payment plan: If you owe less than $50K in taxes, you should usually be able to get an installment payment plan of up to 72 months, simply by asking for it.
5) Negotiate: This is NOT something to try on your own. We can help, but the number of "Offers in Compromise" that get accepted each year is quite small and a knowledge of how the system works is important.
6) Using existing credit sources (credit card, HELOC, private loans): Some tax advisors would quickly recommend this, but I would NOT recommend you go this route. If you've exhausted the options above, do this instead:
7) Sell something you don't need anymore. Always a pretty good plan anyway.
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