Posts tagged IRS
Two Cents Tuesday - What if I can't pay my taxes?

I bet you thought tax time was behind us, didn't you?

In reality, though, it's always tax time. Am I having enough withheld? Am I saving enough? How much will I owe? How much will I get back? What impact do the changes to tax laws have on me, if any?

Roughly 1 in 4 Americans will have a tax bill (not a refund) in any given year, and recent tax law changes mean that many people are finding their tax refunds are smaller or gone altogether. If you're self employed, you know this struggle well - particularly if your business is changing rapidly, and/or you don't have the cash to consult with a CPA to do detailed tax planning.

If you're one of the folks who got a bill this year, you might be asking yourself - what happens if I can't pay my taxes?

[Check out this week's Two Cents Tuesday video to hear everything I've got to say about this topic]

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