2007-11-26 11:31:52 · 4 answers · asked by slapplum 1 in Business & Finance ➔ Taxes ➔ United States
Wayne Z is 100% correct. You other choice is jail time.
How could ANY sane person have a tax bill that big? It takes intelligence to succeed in business, and intelligent folks KNOW that 25% of what the business brings in belongs in an account to cover taxes.
What were you thinking?
2007-11-26 11:38:10 · answer #1 · answered by Anonymous · 1⤊ 2⤋
Set up a payment agreement and don't default. Ignore the rude comments and lectures by others. You're not the only American who owes the IRS money. Even some doctors do. As a self-employed person, I know all too well how this can happen. Been there, done that. Just try to get it paid down because the interest and penalties kill you.
2007-11-26 19:41:01 · answer #2 · answered by Lydia H 5 · 1⤊ 0⤋
Try to see if you can make a payment plan. Pay so much monthly until its paid off.
2007-11-26 19:39:10 · answer #3 · answered by chicken2008 5 · 0⤊ 0⤋
Enter into an installment agreement and stick to it.
2007-11-26 19:35:27 · answer #4 · answered by Wayne Z 7 · 4⤊ 0⤋