X
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
The term “abatement” means the ending, reduction, or lessening of something. Tax abatement, however, generally refers to the removal or reduction of taxes. There are several types of tax abatements,
Are you planning a trip out of the country this summer or fall? If you owe the IRS, your travel plans could be put on hold. In cases of seriously
Did you get hit with an unexpected tax bill this year? If you did, you’re not alone. Many taxpayers were caught off-guard when they prepared their tax returns. Although it’s
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