• «
• »

An Urgent Warning

First, an urgent warning about what NOT to do:

If you owe taxes and don’t have the money to pay, don’t fail to file your tax return just because you can’t pay on time. Failing to file doesn’t solve your problem – it only makes it worse.

When you don’t file, the IRS adds the failure-to-file penalty to your bill, which can push your debt north by another 25%, not including interest. The penalties for not paying are bad enough, so please don’t make it worse.

Rather than not filing, make sure you still file your return on time but use one of the three following strategies to deal with your tax bill.