Derailed by Tax Debt? Use These Tips to Get Back on Track
Tax season — and tax refunds — can be a financial lifeline for many Americans. But the season can pose challenges for those who owe money to the IRS. Over 18 million Americans owed taxes in September 2014, according to the most recent data from the IRS. Meanwhile, an estimated 10 million face tax penalties each year, the IRS found. Here are three tips to help you handle your tax debt to lessen penalties and properly resolve your obligation. 1….