Options for Taxpayers Who Can’t Pay Their Tax Liability

Options for Taxpayers Who Can’t Pay Their Tax Liability

Can’t pay your outstanding tax bill? First, be sure you still file your tax return. The failure to file penalty can be as high as 25% of the tax you owe, so it’s important that you get your tax return filed and not let your liability snowball. If you filed and owe the IRS, you should know about the IRS Fresh Start Program. Here are three of its features that offer a bit of relief for those struggling to pay their back taxes.
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Tax Tips for Extension Filers

Tax Tips for Extension Filers

Autumn is upon us, and if you chose to file a tax extension this year, October 15 is your target date…your zero hour…your deadline. Your six-month grace period is coming to an end. We’ve compiled a short list of last-minute tax tips for you extension filers needing to get your returns filed with the IRS by October 15th. Full story