Can I reduce a tax settlement through reducing cash on hand?
Filed in Tax on Feb.06, 2010
I have not filed my taxes for the past couple of years and owe around
$50K. I have about $60K in cash. If I use my cash to pay down my
mortgage will this make the IRS more likely to settle for a a lower
tax payment?
The IRS currently does not know how much I owe them or [...]
Tags: cash
