The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should ensure that enough taxes are withheld from these payments or make estimated tax payments to avoid a big bill at tax time. Public assistance and food stamps are not taxable.
Most importantly, if you believe you may have trouble paying your tax bill, contact Advance Tax Relief LLC immediately. In many cases, there are steps we can take to help ease the burden or settle the tax debt for a small fraction of what is owed .
We advise also that you file your tax returns even if you are unable to pay so you can avoid possible additional penalties.
Have IRS Problems? Contact Us!
The analysis is free (800)790-8574 or contact us via web
Click here: http://advancetaxrelief.net/Contact_Us.html
ADVANCE TAX RELIEF - We Solve Tax Problems
BBB Accredited Business
We Assist Taxpayers Nationwide