Name: Can't Pay the IRS? How can you Avoid Major Penalties with These 4 Strategies?
Uploaded: 2025-03-28T08:00:00+00:00
Duration: 27 min 2 s
Description: In this episode of the Ask Ralph Show, financial evangelist Ralph addresses the common fear and stress associated with owing money to the IRS. Ralph offers four practical strategies to avoid major pen

7 months ago

Podcasts Faith and Religion IRS tax debt can't pay IRS taxes IRS payment options tax penalties relief financial strategies for tax debt communicate with IRS file taxes on time installment agreement IRS tax debt solutions

In this episode of the Ask Ralph Show, financial evangelist Ralph addresses the common fear and stress associated with owing money to the IRS. Ralph offers four practical strategies to avoid major penalties, emphasizing the importance of filing taxes on time, exploring payment solutions, seeking penalty relief, and considering compromises or temporary solutions. He also shares heartfelt advice to a listener named Destiny, a single mom overwhelmed by her tax debt, and highlights the importance of faith and proactive communication in overcoming financial obstacles. Tune in for actionable steps, emotional support, and a Christian perspective on managing tax debt effectively.

Read today's blog article:
https://www.askralphpodcast.com/blog/4-tips-help-when-struggling-with-irs-debt/
https://www.askralphpodcast.com/cant-pay-the-IRS/

Timestamps:
00:00 Introduction: Facing IRS Debt
02:13 Listener's Question: Overwhelmed by IRS Debt
03:33 Biblical Guidance and Encouragement
04:32 Strategy 1: File on Time and Communicate
09:31 Strategy 2: Exploring Payment Solutions
12:16 Strategy 3: Seeking Penalty Relief
15:36 Strategy 4: Compromise and Temporary Solutions
18:18 Reflection and Key Takeaways
25:27 Conclusion: Moving Forward with Faith