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Have old tax bills with the IRS? Why you should pay them immediately

Source: cnbc.com - Apr 24, 2020

The IRS isn’t processing paper returns right now as they deal with distributing coronavirus stimulus checks.

While that’s not an issue for most taxpayers, who currently have until July 15 to turn in their 2019 federal income tax returns and pay any amounts owed, it is a big problem for people who have to file amended returns. These can only be processed on paper.

The solution: if you owe something for prior years, pay it now as penalties and interest continue to pile up.

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Category: General Business