Why You Should Be More Afraid of State Tax Departments Than the IRS – 24/7 Wall St.
Forget the IRS, it's actually your state tax agency you should be wary about.
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Forget the IRS, it's actually your state tax agency you should be wary about.
With tax season in full swing, millions of people are stressed out by the byzantine process of American tax filing. The last thing anyone wants is to breathe a sigh of relief after filing their tax return by April, only to get a letter from the IRS come summer.
Share this article Share this article FOSTER CITY, Calif., March 16, 2021 /PRNewswire/ -- Americans are in the throes of tax filing season and some may be worrying about the ability to pay their tax bill. Personal finance site MoneyRates.com offers suggestions and guidance to those struggling to pay Uncle Sam. "Taxpayers should not panic if they find themselves in this situation," stresses Gina Pogol, MoneyRates' personal finance specialist. "While it can be scary, there are several options available to satisfy the IRS bill." Experts emphasize that regardless of the ability to pay, it is i...
Channel3000.com December 28, 2020 8:36 AM newsfeedback@fool.com (Maurie Backman) Posted: Updated: December 30, 2020 8:57 AM Most people who file taxes wind up getting money back from the IRS in the form of a refund. But what if you’re in the minority of people who owe money? In 2019, nearly 8 million filers wound up with an underpayment on their hands, and that can make for a tricky situation if you don’t have cash at the ready to make the IRS whole. The good news, however, is that you do have some options for dealing with a tax bill you can’t cover in full — or at all.