Paying Your Back Taxes: Taking Care of Your Life after the Military

You served your Country…but now you’re ready to go back to civilian life. You get to spend time with your family, you don’t have to up and move every few months, and the IRS wants that debt you owe them…now!

While you were in…Military personnel have the benefit of being able to defer tax debts while on active duty in a combat or hazardous zone. The tax debt will still be there, but during the time of your deployment the IRS couldn’t take collection actions against you or your family, and you didn’t have to worry about the tax debt. Not only that, but interest and penalties didn’t accrue, and your term of service did not extend the 10 year Statute of Limitation the IRS has to collect on your debt.

The IRS has been waiting…But now that you’re out of the military and the IRS is demanding that tax debt money what are you going to do? Once you return to the real world and are no longer active duty the IRS gives you 180 days to pay back the debt before they start sending letter, taking any collection actions, or adding on interest and penalties.

But what if you can’t pay back the debt in the 180 days given? After all you’re trying to get a new job in the civilian market and the last thing you need is to have the IRS garnish your wages.

What are some of the ways that you can handle your IRS tax debt?

You can get a short list of available options to IRS debt in the article, “Tax Problem Help: How to Give Yourself a Fighting Chance.”

You’ve fought for your Country…you’ve sacrificed time with your loved ones and you’ve seen things that will haunt you for the rest of your life. You should at least not have to worry about the IRS.

Today's Question: Are you still waiting on your stimulus check? And if so...have you contacted the IRS about it yet?

Now you have the smoking gun…Use it!