All too often a taxpayer files their Form 1040 and has a massive tax bill due with the return. So, what happens if you can't pay the bill? The IRS offers installment plan options for taxpayers with a balance due at tax time. This frequently happens for self-employed business owners that don't make sufficient estimated payments during the tax year. If you owe taxes with your return, there are options to create an installment agreement and pay the balance over a 72 month period. Subscribe to the channel for more episodes and tutorials. Purchase our tax guides and tutorials here: https://gumroad.com/jasondknott Check out our website for more: https://www.lawofficesofjasonknott.com/blog/ Need more help? Schedule a consultation: https://calendly.com/jason-knott Follow Knott PLLC here: Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott/ LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Patreon: https://www.patreon.com/jasonknott