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Tax debt may be written off or discharged through a process known as “tax debt forgiveness” or “tax debt relief.” This typically occurs when a taxpayer is unable to pay
Are you one of the millions of Americans who ended up with a tax bill instead of a refund this year? With the expiration of many COVID-19 tax relief programs,
When you marry your spouse, you do so for better or worse, and this often includes taxes. Those who file jointly are equally responsible for paying any balances owed. Even
Owing the IRS is never fun. Not only is it stressful, but it can also have adverse impacts on your personal and professional life. That’s because the IRS won’t hesitate
Americans owed more than $133 billion in tax debt (including penalties and interest) in 2021, according to the most recent data from the IRS. That’s up 16% from the previous
Are you having a difficult time staying afloat financially due to unpaid taxes? If so, you may be wondering if bankruptcy can save you from drowning in debt. Although it’s
Last month, the Biden administration fulfilled its campaign promise when it announced that it would be canceling student loan debt for millions of borrowers. It’s estimated that about 43 million