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Can’t pay your taxes? Don’t panic. There are four things you can do right now to protect yourself from IRS collection actions.
Each year, millions of Americans owe federal income taxes. Although most taxpayers can pay on time, many find themselves with outstanding tax balances. When these tax debts go unpaid, penalties
Last week, the Internal Revenue Service (IRS) announced that it’s suspending more than a dozen tax letters to provide additional help to taxpayers. With millions of original and amended returns
Owing the IRS money is very stressful. If you can’t pay in full by the deadline date, you are likely to face collection actions if you don’t work out an
The Internal Revenue Service (IRS) uses penalties to encourage people and businesses to file and pay their taxes on time. In fiscal year 2020, more than $14 billion was assessed
Taxpayers who can’t pay their taxes in full are often able to pay their IRS debt over time through a payment plan. But, what happens if you find yourself owing
Did you know that there is an IRS statute of limitations that defines how long the government can pursue collections actions for outstanding tax debt? Generally, the IRS has up