By Lisa in NC
I am literally paying Stupid Tax to the IRS.
My father died in 2003 and left me his IRAs, which I cashed in without consulting anyone. I had always filed my own taxes, so when I found out I was going to have a large tax bill, I didn't file. I kept putting it aside, and my husband and I started a hauling business about the time fuel prices skyrocketed.
Two years into it, the business has almost bankrupted us, and we have ignored the taxes until now. We now owe about $8,000 in taxes, not including the penalties and interest.
Next week I start delivering pizza at the pizzeria around the corner from my first job. What toppings would you like on your pizza, sir?
Avoid paying stupid tax. Learn how by attending Financial Peace University in your area.
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