10 Ways to Settle Your IRS Tax Debt Do you Find dealing with the IRS frustrating, Intimidating and Time-consuming? You’re not alone. While taxpayers may always represent themselves in front of the IRS, many turn to professional tax help (specialized IRS Tax attorneys, CPAs, and Certified Tax Resolution Specialists) in order to maximize their chances […]
Reasons to Hire a Tax Attorney What can it mean if my name comes up before this powerful agency? Do I need a tax lawyer? When you have IRS tax problems, it is very important to handle that very carefully. IRS tax matters are a very crucial and sensitive issue and a slight mistake in […]
The Fresh Start program is a system where the Offer In Compromise (OIC) was reformed to make it easier for those in tax debt to write off much of their debts and get a fresh start. In 2011 the federal government came to the understanding that thousands of people with tax debt to the IRS […]
It’s official – if you owe the IRS money you can’t hide anywhere on the planet. The IRS has just announced this month that if you owe it more than $52,000 it can ask the State Department to revoke your passport, preventing you from traveling to a third country.
After the financial crash of 2007 the IRS had a big problem – millions of Americans had lost their jobs and owed huge amounts of tax but had no way of paying it back. Under its existing policies, it had no choice but to punish people who had no way at all of paying their […]
Many fear the tax man as they may a policeman or judge when they have done wrong! Fear not – if you are in a genuine state of hardship you can reach an agreement with the IRS to get tax relief help that year. The Offer In Compromise (OIC) is available in certain circumstances when […]
Definition of Back Taxes: Unpaid back taxes can be a serious issue for many taxpayers who don’t have the means to pay them. The Internal Revenue Service (IRS) has recently turned over the collection of unpaid back taxes to a private collection agency. Taxpayers who lack the means to repay taxes may often negotiate a […]