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To: Paul Shread who wrote (33925)4/8/2002 5:56:22 PM
From: dawgfan2000  Read Replies (1) | Respond to of 52237
 
Sheesh. What not to do if you can't pay your tax bill.

Dealing with Debt
Unpaid taxes require immediate attention

By Steve Rhode and Mike Kidwell
Gannett News Service

Q: We have not filed our income taxes for the past four years and are terrified. I got confused about how to file after we refinanced our home, so I just stopped filing. Our property taxes are also behind. My husband and I make a good salary, but it's gone before we ever pay our bills. How do we get back on track?

A: Contact your municipality to arrange a payment plan on your past-due property taxes — a priority because the municipality may have the right to put a lien on or sell your home.

Next, contact the National Association of Enrolled Agents at www.naea.org to find a tax professional to help you file your return and settle debts with the Internal Revenue Service. Even if you can't pay what you owe, you should file, or you'll face expensive consequences.

Once you get those crisis situations stabilized, you need help learning to manage money. Make a solid commitment to change spending habits and do the hard work it will take to get your life on track. Monitor spending, and make up your mind you are going to make choices and sacrifices that will benefit you long term. The peace of mind and confidence you'll gain will be worth it.

seattletimes.nwsource.com