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 […]
Do you owe the IRS money? Are you concerned you might owe a hefty tax return this year that you won’t be able to pay? If you answered yes to either of these questions are you aware of the tax relief options available to you? Here is a look at some IRS tax relief programs […]
If you owe the federal government a balance due on your income taxes, it is incredibly important for you to make good on the debt. Even if you do not have the lump sum of cash due, there are a few options you have to settle your debts with the IRS so it is imperative […]
There are many people who are struggling to keep up with daily living expenses who are also bearing the burden of owning a back tax debt to the IRS. It can be difficult to make it from one paycheck to the next in addition to worrying about satisfying a debt owed to the powerful federal […]
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.