I filed an extension & now I owe a lot of taxes that i cannot pay? What can I do? Dear TaxGuru,
I filed an extension thinking I had paid enough taxes with the extension in mind. It turns out that my estimated income was grossly understated. Hence, I owe a lot of federal income taxes upon completion of my tax return.
But, I have no means of paying these taxes! Help! Can you please provide some advise as to what my options are. Thank you! |