Once you ask for a payment agreement, collection efforts cease.
IRS will automatically extend filing deadline to Oct. 15, but you still have to pay what you owe now.
End of Bush tax cuts and additional Medicare tax will mean higher taxes, especially for wealthy. And inflation could push more into that group.
You can call, but the IRS would rather you checked online.
IRS will accept 'pennies on the dollar' only if you meet certain criteria. But companies will take your money even when you don't.
IRS charges 5% a month for failure to file unless you get an extension.
Liability protection? Doubtful, and you'll get to spend more on your lawyer and accountant.
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While they don't know when it will burst, they do recommend looking to Europe if you want a safer bet.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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