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11 days ago
Ghosting the IRS? Here’s What Happens (And Why It’
<p>So you owe the IRS and think ignoring it will make it go away?</p> <p><strong>Bad idea.</strong> Here’s what happens if you ghost them:</p> <hr> <h3>💣 The Breakdown:</h3> <p>Let’s say you owe <strong>$50,000</strong> in taxes and just… disappear.</p> <p>Over the next 5 years, here’s what stacks up:</p> <ul> <li> <p><strong>Failure to File Penalty</strong>: +25%</p> </li> <li> <p><strong>Failure to Pay Penalty</strong>: +25%</p> </li> <li> <p><strong>Daily Interest (~8%)</strong>: Compounded on top of tax <em>and</em> penalties</p> </li> <li> <p><strong>Interest on Penalties</strong>: Yep, it’s compound pain</p> </li> </ul> <p>📈 Your $50K ballooned into <strong>$95K–$100K+</strong> by year 5—and the IRS hasn’t even started levying your bank yet.</p> <hr> <h3>🧠 What You Should Actually Do:</h3> <ul> <li> <p><strong>File, even if you can’t pay</strong> – it cuts your penalties in half</p> </li> <li> <p><strong>Set up a payment plan</strong> – short-term, long-term, or partial</p> </li> <li> <p><strong>Consider hardship or Offer in Compromise</strong></p> </li> <li> <p><strong>Ask for penalty abatement</strong> – especially if it’s your first mess-up</p> </li> </ul> <hr> <h3>🚫 IRS Debt Doesn’t “Go Away”</h3> <p>The IRS has up to <strong>10 years</strong> to collect—plenty of time to find your paycheck, bank account, or house.</p> <p>Ghost them, and you’re not just running from taxes—you’re compounding them daily.</p> <p> </p>
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23 days ago
Hello from John at Cheap Tax Solutions
<p data-start="209" data-end="312">I'm John, founder of <strong data-start="246" data-end="269">Cheap Tax Solutions</strong>, and I'm excited to be part of this forum.</p> <p data-start="314" data-end="564">After years in the tax resolution industry, I saw firsthand how overpriced and opaque things had become. We built Cheap Tax Solutions to offer an <strong data-start="460" data-end="494">affordable, honest alternative</strong>—no scare tactics, no mystery fees, no "one-size-fits-none" solutions.</p> <p data-start="566" data-end="822">We're not here to hard-sell. I'm just here to share knowledge, help where I can, and maybe learn a few things along the way. If you’ve got questions about <strong data-start="721" data-end="800">IRS letters, levies, offers-in-compromise, or how the system actually works</strong>, feel free to tag me.</p> <p data-start="824" data-end="867">Looking forward to some good conversations.</p>
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Ghosting the IRS? Here’s What Happens (And Why It’