Can Bankruptcy Erase Your Tax Debt?
The rules for bankruptcy and tax debt are complex. For many taxpayers, however, bankruptcy provides a pathway to some much-needed relief. Here’s what you need to know…
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What Is Tax Penalty Abatement?
If you’ve been hit with a tax penalty, you’re not alone. Every year, millions of taxpayers are assessed fines by the IRS for late filings, late payments, or errors on
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Effective Strategies for Paying Off Your Tax Debt
The Internal Revenue Service (IRS) can seem intimidating, especially when you receive notices regarding unpaid taxes. There are, however, effective strategies for paying off your tax debt when you’re unable
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What is Currently Not Collectible Status?
If you are struggling to make ends meet and can't pay your tax debt, you may qualify for Currently Not Collectible status from the IRS.
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Expert Tips For Getting an IRS Offer in Compromise Approved
The Internal Revenue Service (IRS) Offer in Compromise (OIC) program is a powerful tool designed to assist taxpayers struggling with substantial tax debt. This initiative allows eligible individuals to negotiate
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What is IRS Tax Lien Subordination?
When you neglect to pay your federal income taxes, the IRS can file a Notice of Federal Tax Lien (NFTL) with the local and/or state authorities. An NFTL is a
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Exposing Tax Relief Scams and How to Avoid Them
Every year, thousands of taxpayers are scammed. Many unscrupulous companies are preying on the elderly or those overwhelmed by their tax troubles. Most scammers will ask for high, upfront fees.
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