Does IRS Debt Show On Your Credit Report?
October 12, 2023
Worried about how IRS debt might affect your credit score? You’re not alone. Many people stress about whether unpaid taxes or unresolved IRS issues will damage their credit reports and lower their scores. The good news? You have options – and not all tax debt automatically means credit disaster. While recent changes mean tax liens don’t always appear…
State Tax Debt: What You Need To Know
October 5, 2023
What Are State Tax Debt Settlement Options? State tax debt settlement options are various programs and strategies designed to help individuals and businesses resolve their outstanding state tax liabilities. Some may believe that state tax debt is less serious than federal tax debt. This is false. If you have failed to file to pay your…
What Are The Dangers Of Filing Your Own Taxes?
September 15, 2023
A lot of people decide to hire a tax professional to file their taxes because they worry that if they don’t, their risk of getting audited by the IRS may increase. There is another risk of filing taxes on your own that everyone should be aware of. The U.S. tax code contains credits and deductions…
Consequences Of Tax Debt
September 15, 2023
Owing the IRS and state revenues is extremely stressful. Both the IRS and state revenues have protocols and collection activities to collect past due balances. Being aware of such consequences may inspire you to take care of your tax debt sooner than later. Here are a few consequences to expect Interest and Penalties– Interest is…
Understanding Tax Debt
September 2, 2023
Being in debt with the IRS is a stressful situation to be in. When you owe money to the IRS you are at risk of the IRS placing a lien or levy on your assets or property. It’s safe to say that if you are in debt with the IRS, you are not alone. Every…
