Episode 11: I Can’t Pay My Taxes! Now What?

2020-07-06

In this episode, Jerrod Oltmann and I discuss what you can do, if you can't pay your taxes by July 15th. We talk about various options to avoid trouble if you can't pay the IRS in full (and this goes for both individual and small businesses). We go through some immediate steps you can take to get the problem under control. We then go through such things as setting up a payment plan, obtaining hardship status and why focusing on next year's taxes will help you resolve your back tax ...

In this episode, Jerrod Oltmann and I discuss what you can do, if you can't pay your taxes by July 15th.

We talk about various options to avoid trouble if you can't pay the IRS in full (and this goes for both individual and small businesses). We go through some immediate steps you can take to get the problem under control. We then go through such things as setting up a payment plan, obtaining hardship status and why focusing on next year's taxes will help you resolve your back tax problem.

As always, I'd like to thank Jerrod Oltmann, enrolled agent, for his help is producing this podcast episode. Jerrod is another tax professional who helps people tackle their IRS tax problem. You can read more about Jerrod's on his bio page at: https://www.jpoea.com/about/

If you or someone you know has a tax problem, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.

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