Categories: Mind & Soul

50 Weird Ways People Go Broke

26. Not Paying Back Taxes

People owe back taxes for many reasons, ranging from honest mistakes and lost paperwork to willful ignorance and tax evasion, said Eckstein. In most cases, the IRS just wants the money and will work with you.

But if you’re blatantly deceptive, don’t stick to payment plans or ignore collection attempts, the IRS can take action that leaves you broke, such as seizing your accounts and garnishing your wages.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51

smartlivingtips

Recent Posts

Travel Must-Haves You’ll Regret Leaving Behind

The scout’s motto “be prepared” also happens to be the perfect mantra for adventurous travelers.…

6 years ago

Best Things to Do at an Airport When Waiting out a Flight Delay

Flight delays are a nuisance. Not only are you at risk of missing a connecting…

6 years ago

Is Brown Sugar Better For Diabetics Than White Sugar?

Although both are essentially more or less the same, there are still prevalent misconceptions concerning…

6 years ago

Organs You Can Actually Live Without

They sure make life easier, but your body can still function without them. Read on…

6 years ago

How Parents Can Talk to Kids and Teens About Weight Loss

Talking to kids and teens about weight loss requires patience, care and sensitivity. An ill-timed…

6 years ago

Can You Gain Weight If You Don’t Eat Enough?

There's a persistent theory about something called starvation mode, and the thought that if you…

6 years ago