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News Link • TAXES: Federal

What To Do If You Can't Afford Your Taxes

• Business Insider
 
The IRS isn't some credit card company you can simply call up to negotiate your way out of fees. They will gladly slap you with late penalties, file tax liens against you, and send collectors after you while you twiddle your thumbs.

That being said, there are some simple steps taxpayers can take that will put them in the best position possible to wipe their slate clean and escape further consequences.

Don't stick your head in the sand. Like credit card bills, the longer you ignore the unpaid taxes, the worse it will be for your finances.



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