Can't Pay the Tax on Your First 1099? What to Do Next
Tax year covered: 2026, filed in 2027. The filing deadline for the 2026 return is 15 April 2027 for most individual filers. The steps below are about what to do when the amount on that return is more than you can pay at once. Step 1: File on time, even if you pay nothing with the return This is the single most important step, and it is counter-intuitive. Filing late is punished far more heavily than paying late: ...