PHOENIX (AZFamily) — 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 15th deadline. Consumer Reports breaks down what to do if you have a big “I owe you.”
Whether it was your side hustle, selling a home, or your child turned seventeen last year – if you’re not careful, there are plenty of reasons why you might be in the red and owe on your tax return.
Tax preparer Marilee Daugherity says they address the current situation and advise on how they can help reduce their tax liability, and then they plan for the future. She says if you cannot pay when you file, that is okay. You can still file now and try to save the money you owe to pay by April 15th…