If you can't pay our taxes on time come November, how much time do you have before it gets "serious" - in other words, outside of interest added.

the taxpayer should always file the tax returns with both the federal and state authorities in a timely manner even if one does not have the money to pay the taxes. one should also make regular tax payments on a quarterly basis if one is 'self employed' even if the payment is not as much as required. this gives you an excellent bargaining position with the IRS. you will owe the taxes not paid and the interest on the taxes. you will not have to pay the penalties and the interest on the penalties. ed dimon, esq.