Boulder, CO: What Happens If I Can't Pay My Taxes?

Education & Training with Apex Tax Defense LLC

I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. I frequently hear the question: "I need to file my taxes, but I owe the IRS and state and don't have the money to pay. What do I do?"

The answer to that question is: even if you do owe, file your tax return on time! The reason is this - many people don’t realize that the IRS charges a penalty of up to 25% just for filing your tax return late. That’s right - you will get hit with an additional 25% of what you owe if you miss the deadline for filing individual tax returns. 

What most people don't know is that you can file ANY tax return on time and avoid the 25% penalty even if you don't send in the money that is owed on the return. Did you also know that, even if you can't pay the taxes, you may qualify for programs such as Offer In Compromise, Installment Agreements, and you may even be in a Non Collectible situation. 

We see so many people who could have saved thousands of dollars on penalties if they just knew this one thing. So in the future, no matter what is going on in your life, file all tax returns on time even if you don’t send in the money owed with the return.

Yes, of course you’ll get an nasty letter from the IRS for not sending in the money owed but, you will have avoided a 25% penalty.

If you or someone you know has back taxes to deal with, don't hesitate to contact us immediately at 303-499-2700 or by email at


Michael Moran, CEO, EA

Apex Tax Defense LLC

825 S Broadway

Boulder, CO 80305

Phone: 303-499-2700

Fax: 888-478-7627








Comments (3)

John Pusa
Glendale, CA

Welcome to the ActiveRain community. Congratulations on your first post.

Jan 16, 2020 02:28 PM
Michael Moran

Thank you John - I appreciate that very much!

Jan 16, 2020 02:35 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Michael Moran welcome to ActiveRain, and congratulations on successfully posting your first blog.

Jan 20, 2020 03:52 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.

Feb 24, 2020 10:11 PM