Melt Your IRS Fears Away - Tax Help if You Can’t Afford to Pay Your 2008 Taxes
I recently appeared on a “Hey! Are you Talking to Me?” with Paul Varga on WMLN 91.5 in Milton, MA. We talked about what taxpayers need to do if they can’t afford to pay their 2008 tax bill and how people in tax trouble can get help!
Most people get into trouble with the IRS by not filing when they should. On average, our tax relief clients come to us with 4 - 11 years of unfiled taxes. Often times, something life altering happens that puts taxes on the back burner - whether it’s a job loss, divorce, custody battle. And not filing your tax returns can lead to more serious problems down the road.
TIP: If you don’t have the money to pay what you owe the IRS, here’s what you need to do:
Even if you don’t have money to pay your 2008 tax returns, you MUST file the return. We tell our clients to send a check for $5 or $10 along with the tax returns.
This eliminates the 25% failure to file penalty and creates a record of good faith and a credible effort to pay your taxes.
1 in 6 people (that’s 18-20 million Americans) have either not filed, are cutting a check monthly to the IRS, or are having their wages garnished.
When the Obama nominees have tax problems, I’m not surprised because they are part of the population. It doesn’t matter whether you are a billionaire of at the poverty level, 15% of us have tax problems. And that’s costing the government $345 billion a year.
Listen to the full interview with WMLN host Paul Varga here.
** If you are in trouble with the IRS, our specialized staff of attorneys, CPAs, EAs and tax professionals can help. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 866-477-7762.
More Tax Help, IRS News and Tax Relief Tips:
- KLOS Tax Tip #44: Individuals Get a Tax Break - But Get Tax Help if You Owe Back Taxes!
- Options for Business Owners Struggling to Meet the April 15 Tax Deadline
- IRS Announces Unprecedented Opportunity for Recession-Burdened Americans to Settle Outstanding Tax Debts
- How to Negotiate an IRS Installment Agreement and Set Up a Payment Plan for Your Tax Debt
- Last Minute Advice For Recession-Burdened Taxpayers Who Can’t Afford to Pay Taxes and Want to Avoid IRS Penalties
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March 13th, 2009 at 7:18 am
[...] Melt Your IRS Fears Away - Tax Help if You Can’t Afford to Pay … [...]
April 13th, 2009 at 3:45 pm
[...] who do not file their tax returns by the April 15 deadline may be subject to a failure-to-file penalty. To avoid this, taxpayers should file by the deadline and pay as much as they can, even if they are [...]