What Happens If You Owe the IRS More Than $25,000? [8 Things]

[@richsmithedu]

Imagine owing $25,000 then ignoring it for a year … that interest creeps us fast 😮

[@LoganAllec]

What's even more insane is that we have clients who owe 100x this amount...typically people who had a successful business (whose income they never paid taxes on) that went downhill and now they have a "normal" job...the annual interest accrual can be greater than their entire annual income in some cases...

[@yvonnemercury5443]

Are your employees as good 👍 like you

[@tamekadavis9051]

Hey

[@LoganAllec]

Hi, Tameka!

[@meekrodriguez6438]

First

[@LoganAllec]

Indeed.