
Myth #2: Even if You Accrue and Keep Adding Debt—the IRS Will Let You Resolve the Situation
Perhaps you think the IRS will be desperate for you to make a payment and eager to accept a simple resolution, but this is far
Perhaps you think the IRS will be desperate for you to make a payment and eager to accept a simple resolution, but this is far
When you’ve gotten far behind on your taxes, the debt can feel even more insurmountable than the first year you could not pay. As an
For the IRS, an Offer in Compromise strategy is a last resort. They will consider granting this relief only if you’ve exhausted all other options
After the Covid-19 pause, the IRS has roared back to life. The agency now has increased funding, and delinquent taxpayers may find an agent at
The Wall Street Journal recently reported that as of the end of 2022, there was an increase (from 2019) of nearly 2 million additional individual
In December, the IRS announced they would offer about 4.7 million taxpayers penalty relief for back taxes. Most of the impacted individuals make under $400,000
The IRS is resuming its IRS debt collection processes. More extensive unemployment checks, tax credits, and a pause in tax debt collection are just a
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
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
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