Top 10 Solutions For A Big Tax Bill

AAA

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.
  1. No results found.
Related Articles
  1. Personal Finance

    Procrastinator's Guide To Bill Payment

    Avoid punishing late fees and keep your credit score intact with these 10 tips.
  2. Taxes

    Top 9 Solutions To An Unexpected Tax Bill

    Finding out you owe when you expected a refund is a nasty shock. Find out how to cope.
  3. Taxes

    Confused About Estimated Tax Deadlines for 2016?

    If you run a business or have investment income, pay attention to this year's estimated tax deadlines. Here are the details, and what's new for 2016.
  4. Taxes

    How Much Tax Do You Really Pay?

    When you add direct and indirect taxes together, your real tax rate is much more than you expected.
  5. Personal Finance

    9 Signs You Can't Afford Your Mortgage

    These indicators show that your financial situation isn't as stable as it could be.
  6. Personal Finance

    Automating Your Bill Payments

    Automation can be a painless (and free) way to remove the stress of bill scheduling from your life - if you do it right.
  7. Personal Finance

    Budgeting When You're Broke

    When you're short on cash, a strict budget is the best tool for finding financial stability.
  8. Taxes

    What Happens When You Can't Pay Your Taxes?

    Don't try to run from the tax man. Here are some tips that can help you out.
  9. Taxes

    OK, So I'll Be Smarter Next Tax Time

    5 tax resolutions to start on right now for a smoother tax return next April 18. Yes, it's the same date in 2017.
Hot Definitions
  1. Index

    A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is a hypothetical ...
  2. Return on Market Value of Equity - ROME

    Return on market value of equity (ROME) is a comparative measure typically used by analysts to identify companies that generate ...
  3. Majority Shareholder

    A person or entity that owns more than 50% of a company's outstanding shares. The majority shareholder is often the founder ...
  4. Competitive Advantage

    An advantage that a firm has over its competitors, allowing it to generate greater sales or margins and/or retain more customers ...
  5. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities ...
  6. Wash-Sale Rule

    An Internal Revenue Service (IRS) rule that prohibits a taxpayer from claiming a loss on the sale or trade of a security ...
Trading Center