I Owe The IRS Money What Are My Options | How To Work Out A Payment Plan With The IRS | How To Set Up Payment Plan For Taxes Owed Need to Pay Your Taxes, but Don’t Have the Funds? We Can Help! If you owe the IRS, you know there isn’t a lot of time to come up with the funds to pay your balance due in full. Thankfully, you have options. The IRS does understand (I know, hard to believe) and has some payment plan options available to help. There are Installment Agreement, such as Streamlined, Expanded, Direct Debit, depending on what you can afford and your total balance due. There are also more extreme options like Currently Not Collectible or Offer in Compromise programs.