Subscribe to Entrepreneur for $5

Escape Route

In over your head? The IRS may have a plan to rescue you from a tax bind.

This story appears in the November 1997 issue of Entrepreneur. Subscribe »

It happens every now and then: A financial bump in the road causes you to fall behind in your federal tax payments. Sales may take a sudden downturn or a serious illness strikes, and you put your tax bill on a back burner.

Don't despair. There are ways to get back into the government's good graces. The IRS offers several payment plans; the condition of your balance sheet and your current income stream dictate which one is for you.

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!

3 months free with code ZENDESK

Presented by zendesk

3 months free with code ZENDESK