Income Inequality and Tax Policy

I second that. The IRS sends you really scary letters, but in reality, as long as you pony up something every month or so (and tell them), they are really understanding with payment schedules. Far, far better than the credit card companies. (This is due in part to the fact that it takes more than 30 days to generate dunning letters at IRS, which means if you miss a month and then pay in the second month, you haven't really missed any of the deadlines since they didn't send you the letters that started the penalty clock ticking. Sounds confusing but you'll find them accommodating. Of course, I am not a tax lawyer, just a satisfied victim.)

The interest rate on paying back taxes is 3% right now.

http://taxes.about.com/gi/o.htm?zi=1...

goman wrote:

The interest rate on paying back taxes is 3% right now.

http://taxes.about.com/gi/o.htm?zi=1...

Yeah. We've done payments before. It's not that painful, especially if you can have the money together in a few months. We are, however, turning the house back into a non-rental property and trying to claw back that $6500. So we'll see.