If you have a large tax bill due this year, you have some options. My first bit of advice, if you haven't yet, go to a CPA or professional tax preparer. They can help you in ways that a tax software just can't.

1. Offer in Compromise - if you qualify, you can negotiate your tax bill down

2. Installment Agreement - you can set this up without interest if you can pay within 120 days and owe less than $100K. If you need more time and owe less than $50K, you can still set up a payment plan but with interest and possibly some penalties.

Never ignore this problem! The IRS has the ability to garnish wages and seize property. Working with the IRS and being cooperative will help you get through this.

Visit the IRS website to explore more details: https://www.irs.gov/payments

 

Get your Tax Prep Checklist: https://view.flodesk.com/pages/6030a7ad0f39bbd4c36109b5

 

 

Let's connect! instagram.com/vanessalinenberger

 

Schedule a free call with me: https://calendly.com/vanessajane/30minassessment

 

 

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What is financial coaching? Check my website!

https://www.accountable.network/VanessaLinenbergerWebsite

 

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