Do you have questions about tax payments and possible penalties? Of course, we can answer any questions. In addition, the IRS has a dedicated web page that explains options for paying your bill, including what to do if you owe more taxes than you can pay now. You may be able to request a payment plan. While there, you can create an account to track your balance and payments. If you owe penalties, you should receive a letter with details and contact information. Penalties can be assessed for many reasons including: failure to file; failure to pay; accuracy issues and more. Depending on the details, you may qualify to have a penalty reduced or removed. Here’s more: Call or visit our website for more information!