How Does Bankruptcy Affect Your Tax Debt Relief Options?

How Does Bankruptcy Affect Your Tax Debt Relief Options?

Tax debt relief through bankruptcy might seem impossible when dealing with IRS tax debt, and in many cases, that’s true. However, there are specific situations where bankruptcy can reduce or eliminate certain tax liabilities. For instance, if your tax debts meet...
Does An Offer In Compromise Affect Your Credit?

Does An Offer In Compromise Affect Your Credit?

Every year, about one in four Americans owe federal income taxes. For many, the debt feels unmanageable, and they worry about how they will pay it off. Thankfully, the IRS has programs to help people manage their tax debts. One option is an IRS Offer in Compromise...
Can I Negotiate My Tax Debt With The IRS?

Can I Negotiate My Tax Debt With The IRS?

Filing taxes is a yearly duty that can be overwhelming, especially as it recurs with the same complexity each time. This challenge intensifies for individuals with multiple sources of income, each adding its own layer of complexity to the tax process. The tension...
Does The IRS Usually Accept An Offer In Compromise?

Does The IRS Usually Accept An Offer In Compromise?

Struggling with overwhelming IRS debt and seeing no way out? Consider an Offer in Compromise (OIC). This plan allows you to propose a reduced payment to the IRS, with the remainder of your debt potentially forgiven. While an OIC can be a beacon of hope, it’s essential...
Steps To Take After Receiving An IRS Audit

Steps To Take After Receiving An IRS Audit

Receiving an IRS audit notification can be quite daunting, but it’s not a situation you have to face alone. Consulting with a skilled tax lawyer can significantly ease the process, safeguarding your finances while providing the reassurance you need during such...
How Tax Lawyers Can Help You With IRS Fresh Start Program?

How Tax Lawyers Can Help You With IRS Fresh Start Program?

Tax Lawyer insights: Are you struggling with federal tax debt? There’s help available. The IRS Fresh Start Program aims to assist individuals and small businesses in settling outstanding taxes and moving forward. Here’s an overview of the program and tips on...