Can you pay your tax bill?
Sometimes after filing taxes, we get nervous about what may happen if we receive a tax bill. And not just any tax bill, but a hefty one from the Internal Revenue Service. What can you even do if you can’t afford it? Many may ignore it – which is not a good decision and will lead to a bigger problem. Minneapolis tax attorney, Tax Tiger, can help you if you become overwhelmed and stressed about your tax bill.
You aren’t alone
According to the IRS, you aren’t alone when it comes to needing help paying a tax bill. There are 5 million taxpayers out there who can’t front the money so there are a couple of alternatives.
Extend your payment period
The IRS allows for an extension on your bill for up to 120 days. If you think this is ample time for you to gather the money, this may be your best situation.