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Owing more than you can afford to the IRS is stressful, but you have options. Here’s how to manage your tax debt and avoid costly penalties.
Tax season can be stressful—especially if you get hit with a bigger bill than expected. If you can’t afford to pay your taxes in full, don’t ignore it—there are ways to reduce penalties, set up payment plans, and find relief. It is essential to act quickly to avoid extra fees or legal trouble.
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