Question: Why Do I Owe on My Tax Return? And HOW Would I Pay? So, you filed your tax return and...you owe some taxes. Why is

Why Do I Owe on My Tax Return? And HOW Would I Pay?

So, you filed your tax return and...you owe some taxes. Why is this the case? And how do you make your payments?

  1. Explain why someone would owe money to the IRS.

  1. What are the two primary ways you can pay the taxes you owe?

  1. What is one other way you can pay?

  1. Jill filed her taxes and found out that she owes an additional $1,500. Unfortunately, she can't afford to pay that amount immediately. What options does she have? What are the pros and cons of using these options?

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