You've gathered your receipts, W-2s and 1099s. You've done the math and now you know. You owe Uncle Sam additional taxes on your 1997 income. Inc. According to CCCS, there is still time to save money for an April 15 payment. Instead, they should realistically evaluate their situation and get help if needed.
CCCS assists consumers in several ways.
First, a certified credit counselor can help set up an emergency budget and find ways to reduce spending. This may enable you to save the money needed to pay the taxes due this year. In addition, CCCS has been authorized by the Internal Revenue Service to work out payment installment plans for consumers with delinquent federal income tax. This way, consumers make manageable regular payments instead of an overwhelming lump sum. These services are offered at no cost to consumers.