When You Can't Pay Your Taxes
If you find yourself with a tax bill instead of a refund, it is imperative that you take it seriously and do not push those anxieties to the side. Failure to pay can damage your credit score, cost you interest and additional penalties and, in extreme cases, lead to criminal prosecution. On today's show, Ralph talks tax payments when you the taxpayer cannot pay the bill and the various options available for when/if this situation arises.
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