What If I Can't Pay My Taxes In Nevada? How Do I Get Help?

April 4, 2022 | Daniel Dewitt

get help with taxes

 

Tax season is stressful and frustrating, especially if you are not able to pay your tax bill in full. It could be so stressful in fact, you might need help paying taxes. No one ever wants to owe the IRS money, but failing to pay your entire bill can cause you problems for years down the road. If you need help paying taxes, here are some options that you can consider.

6 Options To Get Help Paying Taxes

1. File For An Extension And Pay As Much As You Can

Ignoring your tax bill will not make it go away. If you need help paying taxes, one option that you can consider is filing for an extension. Filing for an extension on your taxes will give you more time to file your return and will help you avoid penalties for not paying on time.

Additionally, when you do file your return, you should pay as much of the bill as you can, even if you cannot pay it all right away. If you can pay even a small portion of the bill, you can help lower the amount of interest that you will owe when you finish paying off the rest of the bill.

2. Think About Using An IRS Payment Plan

Another option you have if you need help paying taxes is using an IRS payment plan. This is a way that you can break your tax payments up over the next six years. It is important to remember that you cannot renegotiate or miss payments. You are allowed to pay more than your monthly bill if you can afford it, but you cannot pay less than the monthly bill or there will be consequences.

3. Think About An Offer In Compromise

Another way that you can get help paying taxes is with an offer in compromise. This is a way that you can settle for paying less than what you really owe the IRS. The process of applying for an offer in compromise is complicated and it requires you to provide a lot of documenting material so that you can prove to the IRS that you are legitimately unable to pay your tax bill.

You also have to pay a $205 application fee and a down payment towards what you owe on your tax bill. Additionally, the IRS usually rejects most applications for an offer in compromise. When this happens, your initial payment is applied to your overall balance and your application fee is returned to you.

Keep in mind that there are low-income certification limits available to you though. If you meet these requirements, you can have the application fee waived and you might not have to make monthly payments while your offer in compromise is being evaluated.

4. Apply For “Currently Not Collectible” Status

If you need help paying taxes, one other option that you can consider is applying for “currently not collectible” status. This is a way that you can get the IRS to temporarily hold off on collection until you improve your financial situation and are able to pay your bill off again.

This is only temporary, and you still need to pay your bill as soon as you can. In order to file a currently not collectible status, you need to fill out the proper forms and provide the IRS with information about your monthly income, net worth, and monthly expenses.

 

help paying taxes

 

5. Get Professional Help

If you need help paying taxes, it is a good idea to seek help from a tax expert before you contact the IRS. A tax professional can help you examine your financial situation and the specific options that you have available to you. This will put you in the best position to pay your taxes as quickly as possible.

6. Get Help From A Payday Loan

While you are struggling to pay off your tax bill, you will likely be stressed out because you will probably also be struggling to pay other bills that you have. There are a number of other emergencies that you might face while you are settling your debt with the IRS, and these can include repairs to your home or vehicle or urgent medical or utility bills.

When this happens, one option that you can consider is seeking help with Nevada payday loans. This is a short-term loan that can help you make ends meet between paychecks. Basically payday loans help bridge the gap between pay periods when you really need emergency cash. With us at Nevada Title & Payday Loans, Inc. can get you up to $500 to help you out.

When it comes to our required items, we don’t make you bring a lot of things. We keep our list short and easy for you to remember. These items allow us to determine if you qualify and for how much. There are just a few things that you need in order to apply for Nevada payday loans with us that include the following:

  • An active checking account that is open in your name.
  • Your most recent pay stub to prove your income level.
  • A driver’s license or a valid government-issued photo ID.
  • A blank check from the active checking account open in your name.

From there you can fill out the online form on our website. This form allows us to get your basic information and to contact you. Once we reach out, we will set up an in-person appointment for you to come to the nearest Nevada payday loans location with your items. We will assess your information and determine if you qualify. If you do, you could get the money either the same day or the next.

Use This Guide If You Need Help Paying Taxes

Tax season is one of the most stressful times of the year, especially when you find yourself unable to pay your bill. You do not need to be stressed out though because there are options that you can consider in order to get help. The next time you are needing help paying taxes, you can use the options in this guide. And if you need Nevada payday loans, fill out the online form now.

  

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.