So you've just prepared your taxes - or better yet, you haven't started but you know with certainty that you cannot afford to pay on time.
Want to remove that constant stress hanging over your head? Luckily, the IRS has already taken measures to help taxpayers in your exact situation.
Here are some tips for getting yourself in the clear: 1.
Tough it Out & Scrape up the MoneyWhether you owe hundreds or thousands, you should really ask yourself, "Can I obtain this money?" Have you thought about borrowing from your credit card or savings account? What if you could cash out your paid time off from work? These are all great ways to obtain money on the quick.
If these options don't work for you, continue reading.
2.
Making Tax Decisions Isn't EasyIt's important that you take your taxes seriously.
Review all of your options and choose the one that is best suited for your situation.
Of course, to avoid the late penalty, it's always best to file your return on time.
there are many sources that can help you file a quick, easy & accurate tax return.
Find out what you REALLY owe before you file using tax estimators.
It only takes seconds to get started and you'll be walked through the entire e-file process with ease.
Most services include tax help, resources, and a comprehensive list of tax deductions to help you save the most money on your return when you need it the most.
3.
Did Someone Say Installment Plan?Yes that's right, the IRS, just like most companies, would rather get paid at some point rather than not at all.
If you cannot scrape up the funds to pay in full, the IRS has an installment payment plan available to you.
To ease this process even further, you are given the option to have the payment directly debited from your bank account on a set schedule.