Ep. 33 Tax Issues? Try These Strategies to Save Lots of Money
If the IRS is auditing you or you have a tax liability you can't pay right away, don't make these common mistakes that can cost you dearly.
You need to file your tax return on time, especially if you owe money. If you don't owe money then the deadline isn't all that important in the short run. The reason why it's so important to file on time is to get your money back right away or to avoid penalties and interest that can end up costing you more than the original tax liability if you ignore it.
Following some of these ideas might help keep more money in your pocket and solve your tax problems once and for all. The worst thing you can do is ignore the IRS and the best thing you can do is give them just the information that they need to verify your income and expenses.