If you can't pay your taxes right away, there are...

If you can't pay your taxes right away, there are several options. Most important, don't ignore the debt. Credit: iStock

The verdict is in: You owe Uncle Sam. The question is, how to pay the bill?

Above all, don't pretend the bill doesn't exist. The failure-to-pay penalty is generally half of 1 percent per month, with an upper limit of 25 percent.

Says Donnelley, "It's better to come clean than to hide."

ndtv-election
Town supervisors ... Judge won't dismiss 'Peaches' case ... Governor's race wrap Credit: Newsday

Governor's race wrap ... Forever chemicals near battery storage ... Local weather ... Working Moms: Priority shift

Subscribe

Unlimited Digital AccessOnly 25¢for 6 months

SUBSCRIBESALE ENDS SOON | CANCEL ANYTIME