Tax Tips: how to pay your tax bill if you're short on cash - KOTA Territory News

Tax Tips: how to pay your tax bill if you're short on cash


Tax season is in full swing. Those who will get a return have likely already filed and those who have to pay are not looking forward to it.

Financial experts say the best option is to pay what you owe by the deadline. If you can't afford to do that, Michael Dell, Casey Peterson & Associates shareholder, said there are other alternatives.

"Well, there is a form that you can sign to have your payments set on an installment plan. You pay the IRS over a period of time," Dell said.

To avoid owing money on your taxes next time around, Dell suggested going to your employer and requesting to withhold more out of each paycheck. He adds you must file a return regardless of your situation.

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