"The IRS is intimidating to anyone, but you can't ignore them," says Byrd.Fortunately, Byrd says his experience has been that most IRS workers are reasonable and willing to work with taxpayers. For those who owe taxes, installment agreements are available and penalties can even be reduced.
5 Most Costly Taxpayer Mistakes
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.