We have an installment plan with the IRS for 2010 tax with a balance of $11,000. Today, Oct. 1, we were informed we owe $23,000 on the 2012 ...

Question

We have an installment plan with the IRS for 2010 tax with a balance of $11,000. Today, Oct. 1, we were informed we owe $23,000 on the 2012 tax with the return due Oct. 15th. We can come up with $11,000 but not much more. What is the best way to proceed to avoid the IRS garnishing our bank accounts?

Answer

You need to contact a tax attorney to discuss options. You owe an amount that require assistance. Please do not wait as you need to get on this ASAP.

Best of Luck