Can you defer a windfall tax?

No...of course not.

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.

Assuming you amended your return to request the 1st time home buyer credit it takes the IRS approx. 10-16 weeks to process an amended return. This is because amended returns are worked differently....

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases.

Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on...