All About Tax Debt: What You Need to Know

All About Tax Debt: What You Need to Know

Tax season occurs during the first half of the year and can be incredibly stressful for millions of Americans. Although it may bode good news for some since it brings them large returns, others must look for ways to repay what they owe. If you owe the Internal Revenue...
Missed Tax Deadlines: Next Steps and Answers to FAQs

Missed Tax Deadlines: Next Steps and Answers to FAQs

People can be forgetful sometimes, especially when they are busy juggling many tasks at once. For a business owner, deadlines can be a struggle too. No matter how organized you think you are, there will be days when you will simply forget. That is normal. Accept it...
Tax Evasion vs. Tax Avoidance: How Are They Different?

Tax Evasion vs. Tax Avoidance: How Are They Different?

As a taxpayer, it is not wrong to want to lower the amount you pay for taxes. People have two approaches to this, and it is tax avoidance and tax evasion. What makes these two different is that the former is legal, and the latter can put you in jail. Many people are...
What Can the IRS Put a Lien On: Here’s What to Know

What Can the IRS Put a Lien On: Here’s What to Know

As a taxpayer, an IRS lien is a circumstance that you would avoid having. Once left unattended, you can possibly lose your properties just to pay the tax you haven’t paid. If you have received an IRS lien, it’s important to know the basic information about it. That...
How Do You Settle Tax Debts Through Offer in Compromise

How Do You Settle Tax Debts Through Offer in Compromise

Paying off taxes can be heavy. However, the Internal Revenue Service has a program called Offer in Compromise (OIC), an agreement between the taxpayer and the IRS. It offers payment terms to taxpayers on how they can pay for their remaining tax amounts should they...
How to Qualify for the IRS Debt Forgiveness Program

How to Qualify for the IRS Debt Forgiveness Program

Are you seeking IRS debt forgiveness? If so, this is possible; however, you’re going to need professional help through it. The IRS offers relief options for taxpayers who owe taxes, and you need to qualify for it to get it.  Eligibility for IRS debt forgiveness is...