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What Happens If You Owe Taxes — And Can You Set Up a Payment Plan?What Happens If You Owe Taxes — And Can You Set Up a Payment Plan? Finding out you owe taxes can be stressful—but it doesn’t have to be overwhelming. Whether you owe a small balance or a large unexpected bill, the IRS and state tax agencies generally offer several options for paying over time, reducing penalties, or resolving financial hardship. The most important thing is...0 Comments 0 Shares 141 Views 0 Reviews