IRS Currently Not Collectible Status: What Are The Pros And Cons?
March 16, 2023
Every year, millions of people file their taxes only to find out they owe more than they can afford. While many manage to pay in full or set up monthly payment plans with the IRS, there’s a large group of taxpayers—millions, in fact—who simply can’t pay anything at all. If that sounds familiar, you’re not alone.…
Unpaid IRS Taxes: What You Should Know
March 2, 2023
If I can’t pay my income taxes, should I still file my return? The penalty for an unfiled return is much greater than the penalty for not paying. If you fail to file your return, the IRS charges a monthly penalty that equals 5% of your balance. The penalty starts on the date following the…
What You Need To Know About The Offer In Compromise
February 7, 2023
If you are experiencing tax debt, you are not alone. Tax debt is a common problem for both individuals and businesses. If you have no idea how you are going to pay it off, you are not alone. You may be starting to feel like the IRS is going to come after you any day…
