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What Are Your Options If You Can’t Pay the IRS?

Started by Epoch-Times-Bot, Dec 19, 2022, 09:03 AM

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Epoch-Times-Bot

Dec 19, 2022, 09:03 AM
What Are Your Options If You Can't Pay the IRS?

In this economy, tight budgets may make it challenging to pay income taxes. This is true especially if you owe thousands of dollars.
But what do you do if you can’t pay those taxes? Don’t go into a panic; you do have some options.
File Regardless of Taxes Owed
It can be alarming to realize there isn’t enough money to pay income taxes. The first thought most people have is to avoid filing. It seems like hiding from the Internal Revenue Service (IRS) is better than dealing with them.
But you must file anyway—because not filing an income tax return can incur penalties in addition to taxes....

Source: What Are Your Options If You Can't Pay the IRS?

xenzol

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Aug 25, 2024, 08:06 AM
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