Next month Texas residents will be required to submit their tax returns and pay any amounts due to the government. While some may receive refunds for overpayments on their income taxes, others will have to satisfy their tax obligations by the established deadline. Those who cannot meet these burdens in time may find that their tax bills are subject to interest, penalties, and enforcement procedures by the Internal Revenue Service.

For those who do not have the financial resources to pay their tax bills on time, missing the payment deadline can be a difficult and defeating experience. However, in some situations, individuals may be able to defer their payment deadlines or reduce their payment amounts through negotiations with the IRS. Attorneys who work in the tax field can help their clients explore these options.

Another option that individuals may have if they would experience hardships by paying their tax bills in full is seeking a temporarily delayed collection. Temporarily delayed collection may be available if a person would not be able to pay for their own basic needs if they were to fully pay their tax burden. When a temporarily delayed collection is approved, the individual’s tax debt continues to exist but is deemed uncollectable by the government until such time as the individual can afford to pay their burden.

It can be helpful for individuals to stay ahead of their tax obligations and proactively seek out alternatives for deferring, reducing, or altering their bills before they are owed to the IRS. Those who believe that these options may benefit them can discuss their needs with attorneys who provide tax support. This post does not provide legal or financial advice and should be read only as information.