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How to Choose a Payment Plan When You Owe the IRS

Maybe you forgot that your unemployment benefits were taxed, or that you had stocks which paid out taxable dividends tucked away somewhere in your portfolio—either way, a tax bill can surprise you, and sometimes when you can least afford it. If you won’t be able to pay your tax bill right on May 17, consider the following IRS payment plans to avoid the worst of the IRS’ penalties.