Making IRS payments: What are the consequences if you owe taxes? - Financial Advice
Indeed, it is crucial to either file your tax return or request an extension to steer clear of the failure to file penalty, which amounts to 5% of the outstanding amount ...

Compromise Settlement | Government Revenue Agency
A compromise settlement enables you to resolve your tax liability for a reduced amount than what you actually owe. This might be a valid choice if you're unable to settle your entire tax ...

What to Do If You Can't Afford Your Taxes? - Financial News
The IRS offers a short-term payment plan granting taxpayers up to 180 days to pay off their dues. However, there is a failure-to-pay penalty of 0.5% monthly, along with accruing interest ...