Step 1: Look into abatement
Check whether your circumstances could entitle you to abatement. The IRS can consider waiving the penalties if your reasons for not paying on time are due to circumstances outside your control, such as a death in the family, illness, imprisonment, a hurricane or the destruction of your records. However, if your only reason for not paying is that you don't have sufficient funds, the IRS will not waive penalties because they hold you responsible for setting money aside for taxes. However, they may consider waiving penalties if you have been unemployed.