If you’ve found yourself in debt to Uncle Sam, there are many ways to pay what you owe, including working out an installment plan with the IRS. What you might not know is that you could also ...

Question: I have built up multiple years of tax debt and have been living in fear of liens and garnishments. Are the television ads true? Is there a way I can make a deal for a lesser amount so I can ...

An offer in compromise (OIC) is an agreement between the taxpayer and the IRS that settles a tax debt for less than the full amount owed. The program allows you, if you cannot feasibly pay the sum of ...

IRS Tax Issues During Uncertain Financial Times. Struggling with IRS tax problems? Learn how to manage tax debt, avoi ...

The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often ...

Facing overwhelming tax debt can be daunting, especially with mounting interest and penalties. However, the IRS offers several relief options, including the Offer in Compromise (OIC), which allows ...

For most small business owners, success is typically followed by a substantial tax bill. Here are five things every owner ...

A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...

Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its "Dirty Dozen" campaign, the IRS has renewed a warning about so-called Offer in Compromise ...

If you find yourself with an unmanageable amount of tax debt, consider applying for an IRS offer in compromise, a program that allows you to settle your debt for less than the amount you owe. These ...

Question: I went through a long and expensive divorce a few years ago which decimated me financially. After the divorce, I racked up a large IRS tax bill, basically using tax dollars I owed to finance ...