Main Street Business #454 What to Do if You Can't Pay Your Taxes by October 16th
Oct 3, 2023
34:14
In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen provide a comprehensive guide on how to deal with the Internal Revenue Service (IRS) when you owe them money!
- Understanding the importance of communicating with the IRS and making a plan to address tax debt.
- Resolving tax debt options, such as short-term and long-term payment arrangements.
- The process and potential benefits of negotiating a deal with the IRS through an Offer and Compromise.
- Examining the implications and potential consequences of ignoring IRS communication about owed taxes.
- Analyzing the potential of bankruptcy as a last resort option for resolving overwhelming IRS debt.
- Highlighting the necessity of seeking professional help for tax resolution and avoiding costly mistakes.
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
- You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!