There is almost nothing more scary than owing taxes you can’t afford. Because of this fear, so many people take no action to deal with their tax debt. The lack of action results in nothing very good. Sticking your head in the sand only makes the problem worse. So take some action.
To best deal with the IRS you need to know the IRS is not as scary as you imagine they are. If you have a new tax debt you can’t pay, many options, including an installment plan are available right on their website. But if you’ve let a problem go and the IRS is now chasing you, then getting some professional help is a logical thing to do. It would be silly to let your bank accounts get sucked dry or have your wages garnished just because you were afraid to ask for help with federal or state tax issues. Swallow your pride, get help now, and avoid bad things happening. You might even be surprised to learn that some back taxes can even be eliminated in bankruptcy. There’s more you probably don’t know as well.
If you recently got hit with a big tax bill you weren't expecting, don't panic— yet. I could tell you you're not the first person who this has happened to and ended up needing tax debt help, but honestly, that probably won't make you feel any better.Read More...