We have seen it happen time and time again: a taxpayer hit with an unexpected amount of tax due come filing time is often tempted to put off filing their return on time because they don’t have the cash to pay the liability. This is the worst thing they could do. In an article titled, “ What if you can’t pay your taxes? ”, Reuters discusses your options such as hardship breaks and installment plans.
Of course the best way to avoid this problem is with proper tax planning . If we can assist you and planning for the next filing season or you haven’t paid 2011 taxes yet we will be happy to review your options with you.