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Escape Route

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

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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.

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