Daniel HonanFounder, Profitable Painter CPA PLLC · I help painting contractors increase profits & cash flow while reducing taxes♦ Bookkeeping ♦ Tax

Don’t Ignore Tax Due to IRS - Start an IRS Installment Plan!

Name: Don’t Ignore Tax Due to IRS - Start an IRS Installment Plan!
Uploaded: 2023-08-03T14:59:09+00:00
Duration: 24 s
Channel: Daniel Honan
Description: If you can't pay your IRS taxes, apply online for a six-month short-term installment plan instead of ignoring the debt. Ignoring tax liability leads to…

3 Aug 2023 · 0 min

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If you can't pay your IRS taxes, apply online for a six-month short-term installment plan instead of ignoring the debt. Ignoring tax liability leads to escalating penalties and enforcement action.

You need to pay your taxes. But if you find yourself in a situation where you can't pay, the very first thing I would do is I would go to the IRS website and apply online for a 6-month short-term installment plan. There are ways of dealing with this, and if you can't afford to pay, you definitely have options. Just don't ignore it. That would be the worst thing you can do. So let us know if you have tax matters that you would like some help with.