How Do You Pay Federal Taxes When Unemployed?
Many times, a tax bill comes when a taxpayer can least afford it. If the tax bill that you have is too large, consider how you can arrange payment temporarily, until you can get back to work and earn income again. Always consider how you will make your way back to the job or investment sphere and earn back enough to get back on your feet. Try for a loan. Research different lending agencies to see what kind of lender you would stand the best chance with. You may have to try to “sell” your loan as an investment, and try various banks before you get what you need. Be persistent. Find a private loan. If you are universally rejected by “formal” lenders, see if a family member or other familiar person would be willing to make you a loan off-the-books to pay your federal income taxes. Many taxpayers understand the temporary dilemma that a tax bill puts on an individual, and they may see their way to helping you out. The advantage of an informal loan is less red tape; but if your benefactor is
