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23 September, 00:05

Austin is not able to pay the entire balance due by the due date of the return (without extensions). what are his options?

a. he can submit a form 9465, installment agreement request.

b. he can contact the irs for a full pay 120-day agreement.

c. he can pay using his credit card.

d. any of the above.

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  1. 23 September, 00:50
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    If Austin cannot pay the entire balance in full by the due date of the return, he can choose any options. Such as installment agreement request by submitting form 9465. This installment agreement allows Austin to make a series of monthly payments over time. Another choice is by paying IRS for a full pay agreement of up to 120 days. In this option, no penalty fee for full payment; however, interest and any applicable penalties continue to accrue until your liability is paid in full. Moreover, Austin can consider financing the full payment of his tax liability through a credit card. The interest rate and any applicable fees charged by a credit card company are usually lower than the combination of interest and penalties set by the Internal Revenue Code.
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