If You Owe Taxes and Your Mortgage Exceeds IRS Limits, You Could Be Forced Into a Bad Payment Plan
Owing the IRS is stressful enough. But if your mortgage is higher than what the IRS allows, that stress can quickly turn into a financial nightmare. For example, in places like Fairfax County, Virginia, where a mortgage plus utilities might cost $4,000 or $5,000 a month, the IRS will only allow about $3,000 for housing, […]