Who Qualifies For Debt Forgiveness?

Who Qualifies For Debt Forgiveness?

Millions of Americans face overwhelming tax obligations each year. Tax debt can accumulate quickly through unfiled returns and penalties, but debt forgiveness programs offer hope for financial recovery. Tax forgiveness programs help reduce what you owe to authorities....
How To Notarize A Debt Settlement Agreement

How To Notarize A Debt Settlement Agreement

Getting a debt settlement agreement notarized ensures legal validity and protects both parties involved. This formal process to notarize a debt settlement agreement creates an enforceable document that courts recognize. A debt settlement agreement outlines terms for...
Top 4 Red Flags That Trigger An IRS Audit

Top 4 Red Flags That Trigger An IRS Audit

Multiple factors can trigger federal tax audits that affect taxpayers across the country. Unreported income remains one of the most frequent red flags that trigger an IRS audit among authorities reviewing returns. Business expense claims that exceed normal deductions...
What Happens If You Get Audited And Don’t Have Receipts?

What Happens If You Get Audited And Don’t Have Receipts?

No one enjoys dealing with a tax audit. But each year, thousands of people are selected for review. The IRS checks tax returns to find errors or missing information. This applies to both individuals and business owners. Audits often happen when the IRS spots something...
What Is A Tax Settlement?

What Is A Tax Settlement?

A tax settlement is a legal agreement that allows a taxpayer to resolve their debt for less than the total amount owed. This arrangement is typically considered by tax authorities when a person faces financial challenges that prevent them from paying the full amount....
What Are The Pros And Cons Of Offer In Compromise?

What Are The Pros And Cons Of Offer In Compromise?

Consulting with tax lawyers is a smart first step when considering an Offer in Compromise to resolve tax debt issues. The Offer in Compromise program gives taxpayers the chance to settle IRS debt for less than what they owe. However, understanding how this process...