Tax season is here and that can mean anxiety for those of us who owe the IRS. WSFL-TV trusted advisor Chad Van Horn joined us to give us his options for what you can do when you’re in debt.
The first step is consulting a professional. “You need to go to a CPA or an attorney that deals with IRS issues.” Says Chad. “If not, you can end up getting hit with penalties, and you're going to lose a lot more money in the long run.”
If you are struggling with IRS debt, there are payment plans that can ease the burden. Other options include negotiating a compromise or filing for bankruptcy.
To find the best plan for paying off your debt, visit VanHornLawGroup.com
This Inside South Florida Segment is paid for by Chad Van Horn