By KNC
Washington D.C. – Today's the final day to pay your taxes and even if you don't know what you owe, it's still your duty to file. Legal Aid Society senior attorney John Young says if you owe this year, and you're upfront with the IRS about your inability to pay, you can make arrangements to do so through an installment plan.
"If the amount that you owe is less than ten thousand dollars and you're going to be paying it over five-year period, and you've previously filed all of your tax returns."
Last month, the IRS announced it would loosen rules for negotiating settlements for less than the amount owed. The agency estimates it will process an estimated 138 million individual returns this year; most of which will qualify for refunds.