The IRS’s Offer in Compromise (OIC) program offers a way to reduce the total tax debt you owe, often helping individuals and business owners who are struggling financially. The idea is to settle your tax bill for less than the full amount due, but not everyone...
If you’re struggling with tax debt, it can feel overwhelming and isolating. But rest assured, there are several strategies designed to help you manage, reduce, or even eliminate your tax debt. Below, we’ll explore five effective tax relief strategies that can help you...
Getting a letter from the IRS can be overwhelming, especially when it informs you that you owe money for back taxes. It’s a situation many people face as tax season approaches, whether it’s due to underestimating self-employment taxes or simply being unable to...
The IRS hardship program, officially known as Currently Not Collectible (CNC) status, offers relief to taxpayers who are struggling to pay off their tax debt. If you’re facing financial difficulties and can’t meet payment obligations, this program might...
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...
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... 
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