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PSA: I've heard a lot of folks who are not filing taxes for 2018/2019 because they will owe.
Plz file - the IRS will give you a payment plan + 2019 taxes are not due til 7/15 but you can file now in order to get your $1200 which won't be garnished.
Plz file - the IRS will give you a payment plan + 2019 taxes are not due til 7/15 but you can file now in order to get your $1200 which won't be garnished.
Not filing your return (if you are above a certain income) is actually against the law. However, owing the IRS is one of the least awful debts out there. Low interest, and automatic payment plans. (Much better than student loans).
Additionally, the IRS is swamped. Audits for low priority folks are unlikely. just DO YOUR BEST. Ask for help if you need it. Write off any business expense you can. You can delay those tax payments.
The IRS offers payment options if you can't pay all or even anything right away. The important thing is that you don't just ignore your taxes, hoping it will go away...because it won't. Not filing is a crime but not being able to pay right now is completely navigatable!
