10/02/2026
When someone receives a notice from the Internal Revenue Service (IRS) or any state taxing agency about back taxes owed, it’s common to panic, and then think “I can’t afford to pay this.”
The smartest move you can make is to understand your own cash flow before you ever speak with the IRS or any state tax agency.
In fact, the IRS has very specific rules about how much you’re allowed to keep for monthly living expenses—and in most cases, it’s more reasonable than people fear.
Suzanne Weathers details this step and more in “How Will You Pay Your Tax Debt? Step Two: Understanding Financial Standards Before Calling the IRS” featured on our blog at weathersassociates.com