There are few feelings less pleasant than discovering an "owing" statement from the IRS, especially if it comes unexpectedly. However, for Nevada residents dealing with tax debt they haven't foreseen, a variety of options exist to help mitigate the issue. Immediate payment need not be the only course of action.
In certain cases, the IRS will extend the opportunity to take advantage of a payment plan. This allows taxpayers owing less than $50,000 to apply to be allowed to pay back their debt in stages, rather than all at once. However, it is important to note that such a plan will typically involve an interest rate, since it is technically considered a loan.