What are three common mistakes that can get you in deep trouble with the IRS.
We’ve all heard the quote by Benjamin Franklin “In this world nothing can be said to be certain, except death and taxes”. Yet despite April 15th being on the calendar every single year, and March 15th for business, millions of people find themselves on the IRS hit list for failing to comply with a few basic things.
Whether it’s the “I’m too busy right now, I’ll get to it next week” excuse, or just feeling overwhelmed with all the paperwork, it’s not uncommon for taxpayers to find themselves in hot water with the IRS.
30 million people are not withholding enough for taxes, according to this CNBC report, and this could lead to a lot of them owing the IRS more than what they think. In addition, here are 3 common mistakes people make that often lead to getting a nastygram from the IRS.
Note, we always recommend getting in touch with a specialized Tax Resolution Professional to negotiate with the IRS on your behalf. If you’d like to schedule a no-cost confidential tax relief consultation, contact us here. Our telephone number is 269-969-9752 or just email us at [email protected]