#535 Can't Pay Your Taxes By October 15th? Here's What To Do

In this episode of the Main Street Business Podcast, Mark J. Kohler welcomes Farah Saleh to dive deep into IRS debt resolution strategies. Learn why non-filing is far more dangerous than non-payment, and discover key strategies to resolve debt, from installment plans to creative solutions like leveraging personal assets. Whether you're facing liens, levies, or just seeking relief, this episode provides actionable steps to stay compliant and get back on track.

Here are some of the highlights:

• Mark Kohler introduces Farah Saleh, CPA specializing in IRS resolution.
• Importance of filing taxes even if you owe money.
• IRS penalties are 10 times worse for not filing, rather than not paying.
• Mark stresses the significance of immediate communication with the IRS.
• Explore creative options before getting on an installment plan.
• Consider partial pay, offer in compromise, or fighting the bill.
• Use assets to pay off debt (e.g., sell the boat, use HELOC, borrow from 401k).
•  Defaulting on payments leads to continued collection efforts.
• Compliance is key for any resolution with the IRS.

• Grab my eBook 30 Unique Strategies Every Business Owner Should Know! 
• You don't want to miss this! Secure your tickets for the #1 Event For  Small Business Owners On Main Street America:  Main Street 360 
• Looking to connect with a rock star law firm? KKOS is only a click away! 
• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. 
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!