Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Tax debt is more common than you may think. Millions of taxpayers likely have some form of IRS tax debt, ...

GREENSBORO, N.C. — If you recently filed your taxes and discovered you owe Uncle Sam maybe even a few thousand dollars, take a breath because you have options. You have a few weeks to develop a plan ...

A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...

In fiscal year 2024, individual taxpayers will owe an estimated $525 billion in tax debt. 1 Based on the most recent tax data from the IRS, more than 10 million taxpayers owe back taxes. 2 If you have ...

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

Clients in deep individual tax debt to the IRS now have a retooled payment option—if they qualify and know the pitfalls. The IRS Simple Installment Agreement (IA) has replaced the agency’s Streamlined ...

For those who cannot pay the full amount they owe in taxes, the Internal Revenue Service allows qualifying taxpayers to settle their tax debt for less than the full amount. This is called an “offer in ...

he Eighth Circuit Court of Appeals held that courts can review an IRS decision to reject a taxpayer’s offer in compromise. Ronald Speltz exercised incentive stock options to buy shares of McLeod ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. What may surprise you, though, is that while the IRS has lots of power ...