4 Tips to Avoid IRS Tax Debt

Falling behind on personal income taxes can happen to anyone, but it’s not inevitable.  With just a little advance planning, taxpayers can reduce the likelihood of falling behind with the the Internal Revenue Service. Obviously, no one wants to end up with IRS tax debt problems, but some people simply end up facing insurmountable problems and run out of options. While the specifics of why and how a given person runs into tax debt problems, one general reason seems to apply in every situation.  That is, the failure to plan ahead for unforeseen contingencies. If taxpayers used their mental horsepower to adequately plan ahead for the unknown, a lot of tax trouble could be avoided.  What’s that old saying, an ounce of prevention is worth a pound of cure?  Well, when it comes to IRS tax debt, that old saying couldn’t be more true.  Apart from this general piece of wisdom, though, this blog post is intended to help…

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