What To Do When Taxes Are Due

March 27, 2017

Keyboard with payment buttonYou wouldn’t know it from the commercials you see on TV, but not everyone receives a tax refund.

Regardless of whether you will receive a refund, make sure you file your tax return by Tuesday, April 18, 2017.

Pay your taxes in full no later than the April 18 deadline to avoid paying penalties and interest. The Department of Revenue’s electronic tax payment service, ePay, allows individuals to pay taxes owed to the state 24 hours a day, 7 days a week, by Visa, MasterCard, Discover, or e-check*.

If you cannot pay your taxes in full by the due date, follow these tips to minimize the impact on your finances.

  • File your return even if you cannot pay in full. If you cannot file your return by the deadline, complete an Application for Extension of Time to File (Form IT-9). An extension provides you with more time to file but does not extend the time to pay.
  • Pay as much as you can when filing a return or an extension. Penalty and interest will be due on the unpaid amount. Paying more when you file reduces the penalty and interest due. Within a few weeks, a bill will be sent to collect the remaining amount due.
  • If you are unable to pay any amount, file the tax return with no payment. Within a few weeks, the department will send a bill for the amount owed, which includes penalty and interest.
  • You can apply for a payment plan once you receive a bill from the department. Eligibility is based on the amount of tax due.

Generally, the minimum amount of tax due to establish a payment plan through INtax Pay is $100, with 20 percent down.

  • If you owe less than $100 and would like to establish a payment plan, you must call 317-232-2165.
  • If you owe between $100 and $500, you may establish a payment plan for up to 12 months.
  • If you owe more than $500, you may establish a payment plan for a longer period of time, but not more than 24 months.

For more information, on payment plans please contact us at (317) 232-2165. 

*If paying by credit card, a fee will be charged by the credit card processor based on the amount paid. If paying by electronic check, a fee of $1 will be charged by the bank.