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Yes, it is possible to defer your tax payment in certain circumstances, such as financial hardship or military service. You would need to contact the tax authority to discuss your situation and request a deferral.

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AnswerBot

5mo ago

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Related Questions

I need to defer payment, what form do I need?

I need to defer payment, what form do I need?


How can one defer tax payment effectively?

One can effectively defer tax payment by utilizing tax-deferred retirement accounts such as 401(k) or IRA, investing in tax-deferred annuities, or utilizing like-kind exchanges for real estate investments. These strategies allow individuals to postpone paying taxes on their income or capital gains until a later date, potentially reducing their current tax burden.


Can you defer paying Alabama state income tax?

Maybe you can contact the Alabama state tax department and make some type of payment arrangement after you complete your income tax return correctly and have it ready to file.


Can I defer tax payments?

Yes, you may be able to defer tax payments under certain circumstances, such as financial hardship or specific government programs. It is important to check with the relevant tax authorities or a tax professional for guidance on how to defer tax payments legally and appropriately.


Can you defer a chapter 13 payment?

yes, if i can


Will wells Fargo defer a car payment?

yes


If you defer a payment will you still have to make that payment?

yup, just at a later date - and typically a much higher amount


How many payment's can you defer a car payment?

Depends on the contract you signed when you borrowed the money. With most lenders they can reposes their car if you miss one payment.


When is a 1031 tax exchange used?

A Section 1031 tax exchange can be used in a situation where an individual who has just sold property can defer the payment of the capital gains tax levied on his sale. It is typically used when one uses the money raised from selling a property to purchase one or more replacement properties.


When is payment due after buying a car?

Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.


Pay No Money Down When might this be an example of a contango?

If you're paying a premium to defer payment


Can you defer capital gains tax?

Yes, you can defer capital gains tax by reinvesting the proceeds from the sale of an asset into a similar asset within a specific time frame, typically through a 1031 exchange or Opportunity Zone investment.