Tax debt can cause significant stress, and dealing with it can be a very daunting process. Here’s how to pay back tax debt with IRS payment plans. Tax debt is special in the most insidious way – it follows you everywhere, is almost impossible to get rid of, and can continue to grow at rates …
Small business tax deductions can help your business continue to run smoothly. Here’s what to know about relief options for your small business. The IRS defines small businesses – within the context of tax relief and deduction options – as any business with assets under $10 million. These businesses, including self-employed professionals and independent contractors, can …
The IRS has recently awarded new contracts to private collection agencies, but what exactly are private debt collectors and what do they do? The IRS has been plagued by a drop in employees and resources for years, leading to lower and lower auditing rates, and increased concern over the fact that the agency may be …
Understanding the difference between a federal and state tax levy can prepare you for the next steps to get in good standing with the tax man. Part of the duties of the state and federal governments is to collect taxes from taxpayers – and to pressure taxpayers into paying their debts when they’re behind on …
It can be extremely stressful to be in debt with the IRS or to owe them money. If you find yourself in this situation, take a deep breath, and learn about the potential ways to receive an IRS tax settlement under certain circumstances. If you have ever been in debt to the IRS, you know …
If you have outstanding payments or tax debt, it’s important to take steps to resolve the issue as soon as possible. Here’s how to set up a payment plan with the IRS in five easy steps. The IRS is responsible for ensuring that every taxpayer upholds their end of the collective bargain. If one fails …