Gloria and Thompson had a tax bill for 2019 to pay $350,000 in April 2021. And once the Pandemic wound down, and other companies produced the same products, their business suffered and they have no money to pay their tax liability and they won’t in the foreseeable future. They do have to file a tax return by April 15^th, 2021 and the tax will be due. What suggestions can you make to them?

Answer rating: 100% (QA)

If you have no money to pay tax then still you file return and if you have no income ava... View the full answer