Tax debt can be as disturbing as any other type of debt. Like any debt, reducing IRS debt can be done by following these simple methods. Just like credit card debt, a tax debt to the IRS can be a major stress and be a long-lasting problem if it’s not taken care of properly. The [...]
If you find yourself deep in debt to the tax man, there may be a way to get back to square one – a new beginning that will enable you to start over with the IRS. This method is only for someone who owes a substantial amount of money in back taxes and is unable to come up with a way of paying what they owe. It’s called an Offer in Compromise and for some people it’s their last, best hope. Following are a few tips on how to settle a tax bill with an Offer in Compromise.
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