Can I make a payment plan for my unpaid taxes?

Minnesota Department of Revenue does offer options for individuals who wish to set up a payment plan for unpaid taxes. If a taxpayer is unable to pay their tax liability in full by the due date, they may be eligible for a short-term payment plan. This allows the taxpayer to pay their outstanding taxes over an extended period of time, typically ranging from a few months up to a year, depending on the specific circumstances. To establish a payment plan, the taxpayer must generally complete a payment plan agreement. This may involve providing certain financial information to assist Minnesota Department of Revenue in assessing the taxpayer’s ability to pay and their overall financial situation. The department seeks to work with individuals to create a plan that is manageable and aligns with the taxpayer's capabilities. Additionally, it is important to remain current with future tax obligations while under a payment plan. Failure to comply with the terms of the payment plan, such as missing a payment, could result in the cancellation of the plan and other enforcement actions. The Minnesota Department of Revenue’s website contains detailed information regarding the payment plan process, requirements, and any necessary forms that need to be completed. It is always a good idea to review the latest guidelines directly from their site to ensure compliance and gain understanding of any updates or changes in policy.