Top 10 Solutions For A Big Tax Bill

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Ten Ways To Diffuse A Tax Time Bomb

A large and unexpected tax bill can be devastating to your budget, especially if you don't have an emergency fund or are living paycheck to paycheck. Before you panic, however, you should double-check your math to make sure it isn't merely an error. If the math is sound and you don't have funds to cover the bill, then there is a problem. Ignoring a big tax bill will only increase your pain as the IRS will assume you're evading taxes and unleash the dogs of war upon your assets, wages and accounts. Fortunately, there are ways to diffuse the tax time bomb as long as you address things early.

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