No. of Recommendations: 0
PSUEngineerFool wrote:
<<I read in the newspaper today that the IRS will allow people next year to pay their taxes with a credit card. ... That's all we need now. The feds helping people run up their cards.>>

Wait a minute. This may be a useful tool. Debt to the IRS is worse than a secured mortgage, if you can't afford to pay it. The IRS can take your home, garnish your wages, garnish your spouse's wages, and generally make your life a living hell. A credit card company can really only talk nasty and mess with your credit report.

Of course, you're much better off to arrange to have money to pay your taxes as appropriate. I just wish they'd started this a couple years ago - I pay estimated taxes, and my incoming has been rising for the past couple years, so I'd have gotten a couple hundred dollars in cash-back bonus on my Discover card :-).

Later,
shess
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.