I owe nearly $167,000 in back taxes, according to my accountant. It’s my own fault, really. I followed some bad advice, and now I’m scared the IRS will be coming after me. I want to pay up, but I simply don’t have that kind of money. What can I do?Thursday, April 12th, 2007
I know it’s unnerving to owe money to the IRS, but trust me, you have many options. You should know there are thousands of other American taxpayers in the same situation you are in.
The first thing you should do is consult a qualified tax professional. He or she will examine your previous tax returns with microscope, making sure that you aren’t obligating yourself to pay Uncle