High IRS Interest Rates Could Cost You if You’ve Underpaid Your Taxes
Thanks to the coronavirus pandemic, the cost of almost everything has gone up, including hiking equipment (don’t ask me how I know). With higher prices
Thanks to the coronavirus pandemic, the cost of almost everything has gone up, including hiking equipment (don’t ask me how I know). With higher prices
IRS collection efforts are often aggressive, and with the agency expecting more collections than ever this season, individuals and businesses must be prepared for a
In November 2023, the IRS announced it would not raise federal tax interest rates in the first quarter 2024. The rate will remain at 8
The IRS is waives penalties and fees for qualified individuals and corporations who filed but could not pay taxes in 2020 and 2021 tax years.
If you are preparing to file your tax return but cannot pay or have other outstanding tax debt, an installment agreement or IRS payment plan
An Offer in Compromise (OIC) is a way to resolve your tax debt for less than the total debt amount. It’s available to those who
When you have a tax debt with the IRS, one option to resolve the issue is an Offer in Compromise (OIC). An OIC is available
When you owe money to the IRS, one avenue to consider is an Offer in Compromise (OIC). You may qualify for an OIC when you
Section 6621 of the Internal Revenue Code explains that IRS interest rates are based on a tandem of the federal short-term rate and an additional
We’re entering the new year and first quarter on a high note concerning IRS interest rates – but whether that’s a good or bad thing
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