Monday, March 9, 2009

IRS Advice For Taxpayers in a Bad Economy

Driving home from work the other night I was listening to a story on NPR. Melissa Block was interviewing IRS Commissioner Douglas Shulman. He was answering listeners' emails about questions they had about taxes and how to navigate through this tough economic time. It was interesting to learn that if you can not pay your taxes, they offer an installment plan. Of course you have to pay but it seems as though there are options in terms of when to pay. I went to the IRS website and found a list of deductions that I will surely look into as we gather our information for our taxes. Find out more information here.

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