What if I can not pay the taxes by due date?

Can I get more time to pay tax money?
What IRS tax payment options?

If for some reason you can not pay income taxes by due date, then you will hit with penalties and start accuring interest. IRS says that file tax returns by due date and pay as much as you can of any taxes they owe to minimize any accrued penalties and interest.

Here is the list of alternative payment options to consider:

Request an Extension of Time to Pay —Based on the circumstances, a taxpayer could qualify for an extension of time to pay. The IRS is willing to allow extensions of time to pay in order to assist in tax debt repayment.

Apply for an Installment Agreement — The IRS may allow taxpayers to pay any remaining balance in monthly installments through an installment agreement.

Pay by Credit Card — Taxpayers can use their credit cards like American Express, MasterCard, Visa or Discover cards to pay the taxes.

For detail information of all these three options, click here for related IRS website link.