IRS Tax Debt Help | 5 Great Tips To Set Things Right With IRS | Flat Fee Tax Service
Updated: Nov 22, 2019
IRS Tax Debt Help - Here Are 5 Great Tips To Deal With The IRS Before we get into the 5 Great Tips, here are some "key points."
There are steps you can take to reduce the impact of unpaid tax debt on your life, credit and financial well-being. a. Be realistic about your situation and don’t ignore the fact that something needs to be done. b. Depending on how much you owe, you may be able to deal with the IRS yourself, or c. you may need tax professional help. If you have a big tax bill that you can’t pay, life can seem pretty bleak.
In the latest IRS statistics, there were more than 14 million open tax-debt cases against individuals and businesses heading into 2018, according to the IRS data book.
Despite one of the longest-running economic expansions on record over the last decade, millions of Americans continue to struggle to pay their taxes. So the "Good News" is your have a job and earning an income. The "Bad News" if you have a tax debt is the IRS can and will garnish you.
If you’re in that boat (have a tax debt), it is not the end of the world. There are real steps you can take to reduce the impact of unpaid taxes on your life, credit and financial well-being. Here are five tips to lessen that burden. Great Tip #1: Don’t ignore the problem. The IRS will not. Even if you can’t pay what you owe, file your tax return on time or, if that’s not possible, file for an extension and file it.