Many taxpayers have gone through financial struggles that made it difficult to pay their federal taxes in a timely manner. The IRS designed the Fresh Start Initiative to help these taxpayers. Penalties and interest are promptly assessed after the tax deadline passes. They accrue daily until the whole balance is paid. This causes the debt […]
Hiring a tax relief professional is certainly a personal decision. Many taxpayers opt to maintain control of their dealings with the IRS. The IRS supports your rights to do so. They offer tips for working through a variety of case events on their website. If you have a simple tax return or owe less than […]
Working with the IRS when you owe them more money than you can afford to pay is never a fun process which lands many tax payers into more trouble by accepting an agreement that they cannot afford. The IRS will always try to get you to pay as much money as quickly as possible using […]
The number one issue that tends to lead to most other tax problems is having unfiled tax returns. The IRS will not consider any type of negotiated settlement or payment agreement until a tax payer is current with their filings. In certain cases, when a number of years go by without filing, the IRS will […]