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Paying taxes is certainly never enjoyable. But when that tax bill is much larger than you expected, you might find yourself without the funds to pay it off by the deadline. What can you do when you can’t afford your taxes? Your best course of action is to openly approach the IRS and discuss your options for a payment plan. Here’s what you need to know about both short-term and long-term payment plans, so you can determine which option might best fit your needs.

If you have a large tax bill that seems impossible to pay, you’re likely searching for any possible way to settle that tax debt. Did you know that the IRS offers an option that allows you to settle your taxes for less than what you owe? This settlement option is called an offer in compromise, or OIC. What exactly is an OIC, and who can qualify for one? Keep reading to find out.

Taxes certainly aren’t a pleasant thing to deal with, but for most people, once those taxes are filed, you don’t give them much additional thought—unless, of course, you’re selected for an audit. Receiving notice that the IRS will be auditing your taxes can cause a lot of anxiety for many people, but it may not be as bad as you think. If you know what to expect, have your documents in order, and have IRS audit assistance from a CPA, it can all go much more smoothly than you would imagine. Here’s how a typical IRS audit goes.

Receiving noticed from the IRS that you’ve been selected for a tax audit can be a cause of great anxiety for taxpayers, and unfortunately, your odds of being audited in the near future could be going up. The IRS is currently making a big push for increased tax audits and hiring thousands of new auditors. Here’s what you need to know about this enforcement push and how it might affect you.