Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

LIVE COVERAGE
Jackson Hewitt Tax Service Incorporated
Owe taxes but your bank account is empty?
Owe taxes but your bank account is empty?

So the tax deadline is here and you don't have the money to pay the bill. It's time to act, not panic. You might have more options than you know — courtesy of the Internal Revenue Service. The agency has been easing up on financially strapped taxpayers and last month expanded its "Fresh Start" initiative, which allows some jobless workers to put off paying their taxes for six months without paying a stiff penalty. "There are probably more options than most people are aware of," says Abe Schneier, senior technical manager with the American Institute of CPAs. "However, as anything with the IRS, there are limitations to taking advantage of...

Loading

61°