If the taxpayer can’t full pay immediately and requests additional time to pay the account, will they be charged penalty and interest?
A-4.10. Yes. It is important for the taxpayer to know that penalty and interest will continue to accrue on the account until it is fully paid. Interest is calculated on the entire unpaid liability and failure to pay penalty is calculated on the unpaid tax portion of the account. Depending on the circumstances, other penalties may also apply.
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