$700 Billion Dollar Bailout: What This Means for Taxpayers

$700 Billion!? Some people are calling the $700 Billion Dollar Bailout proposed by President Bush “ridiculous” and “un-American.” But while the Political Parties fight out over who’s right or wrong, the IRS still looms over the country with a menacing grin, and an empty conscience. They know exactly what this may do to the economy, and they are ready to strike.

Hit ‘em when they’re down: That may as well be the IRS’s motto. They know exactly how bad the economy is and they know just how much money is owed to them in back taxes. If you’re concerned about this bailout, remember that it won’t belong before the IRS is banging down your door. This is the best time for the IRS to attack because everyone is already worried about finances, so they’re more likely to just roll over and say “Uncle.” Or in this case, “Uncle Sam.”

Throw in the Towel: It may seem like the easiest solution. You might say to yourself, “Oh well, I owe the money so I might as well just set up a payment plan.” But what happens if the economy gets worse, you lose your job, and you default in the Installment Agreement? Now what? Penalties and Interest through the roof! Not to mention, you don’t even know if you might qualify for other programs!

Talk to Me: if you owe the IRS, and you’re worried about everything that’s going on in the economy, you’re first course of action is probably to bury your head in the sand like an ostrich. But I want you to know that you can talk to me. That’s why I stopped working for the IRS; I want to help. Send me an e-mail, fill out my form, and give me a call. One way or the other, I’m going to tell you what’s best for you.

Don’t be Afraid: Easier said than done I know. But in times like these, the best thing to do is charge this headfirst. Stick to your guns and don’t let the IRS push you around. And remember, if you have any questions, you can contact me.

Now you have the Smoking Gun…Use It!