BREAKS DOWN WHAT TO DO IF YOU’RE FACING A BIG TAX BILL. WHETHER IT WAS YOUR SIDE HUSTLE, SELLING A HOME, OR YOUR CHILD TURNED 17 LAST YEAR, IF YOU’RE NOT CAREFUL, THERE ARE PLENTY OF REASONS WHY YOU ...

If you recently filed your taxes and discovered you owe Uncle Sam, maybe even a few thousand dollars, take a breath because you have options. You have a few weeks to develop a plan before the April 15 ...

Settling your debt with the IRS is often more achievable than you think. If you're facing IRS tax debt, you're not alone. In 2023, the IRS collected over $104.1 billion in unpaid assessments, but ...

The deadline for filing your 2024 tax return is April 15, 2025. But what if you owe the IRS money and you don’t have the cash to pay up? If you don’t pay, you’ll be charged penalties and interest.

I have been a widow for over six years. What is upsetting is how the government wants such a huge amount at tax time. This year’s taxes are even worse. I received a letter from the Internal Revenue ...

The realization that you owe the Internal Revenue Service (IRS) a substantial amount of money can feel like a major crisis. A tax debt exceeding $25,000 isn't just a bill, after all — it's a financial ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Some people look forward to the tax-filing season because ...

When tax season rolls around, most people either look forward to a refund or brace for the payment they owe. For an increasing number of Americans, though, paying their tax bill is simply not an ...

"Boring" is a word that frequently comes to mind when people think about doing their taxes. But if you're a retiree living off a fixed income, tax time can also be stressful. You probably don't have ...

DENVER — If you recently filed your taxes and discovered you owe Uncle Sam, maybe even a few thousand dollars, take a breath because you have options. You have a few weeks to develop a plan before the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...