| What NOT to do: People learn form their mistakes. | | | | return if you need it. |
| Maybe you decided not the pay your taxes. Found out | | | | Taking Dumb Advice: |
| the hard way that it's not a good idea, didn't you? But if | | | | If it looks too good to be true, it is. Remember, even |
| you're lucky and you've managed to avoid IRS debt | | | | attorneys and accountants are in debt to the IRS. So |
| this long, it helps to know the top five mistakes you | | | | don't take any bad advice, no matter the source. Do |
| can make that will get you in debt. | | | | your research or check with a qualifying tax |
| Ignoring IRS letters: | | | | professional before you make nay dumb risks. |
| This makes my blood boil. A letter like, "Final Notice and | | | | Spending Your Refund Lighting Fast: |
| Intent to Levy" received certified mail looks pretty darn | | | | If you're one of the lucky few you received a Tax |
| important. So why would you cast it aside? Most | | | | Refund, don't just spend it all in one fatal blow. I know |
| people think IRS Debt is out of sight, out of mind. No | | | | many people who are in debt to many different |
| such luck. Ignoring your debt will make it grow. Plus, | | | | creditors, and they just ignore those debts as if they |
| ignoring your debt will force the IRS to use their | | | | don't matter. Use your refund to take care of your |
| forcible collection methods against you. | | | | responsibilities first! |
| Not Filing: | | | | Tax Fraud: |
| Can't pay your taxes? Then it's a good idea not to file | | | | You are being watched. If you get greedy, you will be |
| you Tax Returns, right? The IRS will never find you. | | | | caught. It's tempting to commit Tax Fraud to save a |
| Think again! Failing to file is actually a criminal offense. | | | | little green. Many people underreport their income, claim |
| Not paying on time and not filing are two separate IRS | | | | dependents they don't have, or falsify deductions. But if |
| issues with separate penalty fees to content with. So | | | | things look fishy, the IRS will investigate you. So don't |
| don't double your debt. Deal with it one step at a time. | | | | make this mistake. |
| And remember, you can get an extension on your tax | | | | |