Back in 1862, Congress enacted the first income tax law in order to support the Civil War efforts. Then in 1913 the 16th Amendment made taxes permanent.

Now, you only have two choices

1. Pay your taxes in full and on time
2. Be in debt to the US Government and incur more penalties for failure to file and failure to pay

   Of course, it is still always best to file your taxes, even if you cannot pay the money. At least you will not get a failure to file penalty on top of everything else.

   Now if it turns out you owe back taxes to IRS, you can reduce back taxes if you are eligible for the Offer In Compromise program, which allows qualified people to pay a negotiated settled amount that is less than what is owed.

   IRS tax debt is one of the debts you want to avoid at all costs. Too many < Read More