TaxCure Blog

While these top athletes may be known for their speed, strength and coordination, honesty is certainly not one of their finest qualities as they have all faced serious run-ins with the IRS. Despite the millions that these stars bring in each year, they could not outrun the IRS and were caught red-handed with some of the largest tax evasion bills.

If you are not capable of paying your unpaid taxes to the IRS in one payment, the IRS offers several tax payment plans or Installment Agreements in order to help you pay off taxes without serious financial hardship. When considering an Installment Agreement, it is important to be aware of a few things associated with them.

There are many perks associated with being self-employed; however, dealing with your taxes is not often considered to be one of them.

Not being able to pay your taxes is likely not as bad as you think it is. Everyone has heard the stories of the IRS taking homes, cars, boats, and other things that devastate people’s lives. The truth is, the IRS is very willing to work with taxpayers that are having financial problems. The IRS will only pursue harsh collection actions if they have exhausted all other options and feel they are working with an taxpayer that is not willing to work with them. One important thing to realize when picking a method to pursue is that the IRS will analyze your financial situation and will not allow you a method that is meant for people in worst of situations than your own. Below are 4 common methods used by taxpayers depending upon their tax and financial situations.