Yes. I would discourage this. The penalties and daily interest rates are insane. The IRS tells you what a ‘minimum’ payment could be for deferments even but the interest accrued quickly piles up and your balance becomes insane. I’m still paying off my failed small business tax bill from Covid. My CPA has told me several times to take out…
Yes. I would discourage this. The penalties and daily interest rates are insane. The IRS tells you what a ‘minimum’ payment could be for deferments even but the interest accrued quickly piles up and your balance becomes insane. I’m still paying off my failed small business tax bill from Covid. My CPA has told me several times to take out a personal loan and get out of the IRS debt owed disaster ASAP.
Yes. I would discourage this. The penalties and daily interest rates are insane. The IRS tells you what a ‘minimum’ payment could be for deferments even but the interest accrued quickly piles up and your balance becomes insane. I’m still paying off my failed small business tax bill from Covid. My CPA has told me several times to take out a personal loan and get out of the IRS debt owed disaster ASAP.