Can not pay taxes

The inability to pay your tax is one of the most common problems it is easy to find that you owe taxes especially if you are a small business owner or if you are a contract employee. Maybe you did not have enough taxes with held from your paycheck because money was tight and you thought it would be nice to get a slightly larger pay check and you did not realize how quickly this money would add up. This is a stress full situation that may keep you up at night and cause frustration and sleepless nights.

Some solutions to this common problem might be to explore the possibility of doing an offer in compromise or perhaps it would be a good idea to set up a pay arrangement with the IRS. This way with an arrangement set up with the IRS there will be a less chance that you will be surprised by other collection methods they could use against you.