When taxpayers are unable to pay their tax debt in full, the IRS installment agreement program provides a practical solution. Rather than facing aggressive collection tactics such as bank levies…
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All taxpayers are expected to promptly pay their delinquent taxes in full. When this isn’t possible, the IRS may allow payment of back taxes over time through an installment arrangement.…
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For many small businesses, falling behind on payroll taxes can quickly become a major problem. The IRS takes trust fund taxes, withheld from employees’ paychecks for Social Security, Medicare, and…
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We often meet with taxpayers that would like to have their tax problems solved with an offer in compromise. While an offer in compromise is an excellent way for qualified…
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If you owe taxes to the Internal Revenue Service, you are probably already aware that they will be aggressive when trying to collect. That said, it is essential to be…
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Over the last year, the IRS has recognized the financial burden many taxpayers are facing due to the COVID-19 pandemic. The agency modified a number of ways it collects back…
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For most people, personal finance is a deeply private matter and the idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety.…
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For taxpayers who find themselves unable to pay their tax liability in one lump sum, the IRS offers installment agreements as a solution that is beneficial to both the taxpayer…
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When you’re faced with tax debt that you do not have the ability to pay in full, you should ideally contact the IRS to apprise them of your situation and…
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The IRS has the authority to enter into payment plans with taxpayers who owe back taxes. In a effort to streamline the processing of these agreements the IRS continues to test expanded criteria for taxpayers…
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