Ok, so you got the notice that you owe a decent amount back to the IRS. So what do you do now? Obviously, you look into your bank account see if you have enough to cover the bill. That’s when the panic sets in. Not only did you not expect to pay, but also you’ve already spent the money you thought you were getting back. This is an all to common issue, so knowing the right way to go about handling it will save you a lot of money, time and stress in the long run. The IRS also knows that this issue comes up a lot and they’ve offered a few options on its website to help you not get too far behind.
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