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Charlie Sheen Settles With IRS For $3.3 Million And A Possible Share In Future Earnings

Charlie Sheen Settles With IRS For $3.3 Million And A Possible Share In Future Earnings

Although late night TV ads about settling your tax liabilities for pennies on the dollar are not to be relied on, settling with the IRS for a lower amount or paying them over time is an option open to all taxpayers.  At the present time if you have an old balance there might not be much point in being proactive about it.  The IRS has to warn you explicitly about your right to a collection due process hearing when it starts doing liens and levies. 

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.