Millions of Americans struggle to pay their taxes every year. Reports suggest that the number is on the rise since 2010, and there are plenty of open tax-debt cases against businesses and individuals being carried forward every year. If you find yourself falling in the same category, do not panic. You simply have to take [...]
At times, you may wonder if it is vital to file your return if you cannot pay the tax bill. This is extremely important because you will certainly be levied with IRS penalties and interest, as a defaulter. The failure to pay the penalty and interest rate for underpayment of taxes differ from country to [...]
For someone who has a lot of taxes piling up, the IRS has a solution for them — the IRS Fresh Start Program. It is made to let taxpayers pay off their tax debts over the time of six years. This is an excellent way to relieve oneself of their tax debts. The method is [...]
IRS Fresh Start Program is the method that tax-payers resort to, when in substantial debt of the revenue system. This program allows the payer to pay significant amounts in its entirety without incurring penalties. Under this method, the rate of interest is also majorly reduced, which makes it affordable for the individual to pay back. [...]
In certain conditions, when you are not able to pay your tax debt, the Internal Revenue Service allows debt forgiveness. This program is called IRS Debt Forgiveness Program, and mainly, the tax exemption is on the basis of how much you owe and how much you are capable of paying back reasonably. The program allows [...]
The Internal Revenue Service is an enforcement agency that investigates all the financial crimes that happen in the United Kingdom. Keep reading to know what exactly is an IRS investigation and how you can know if you are being investigated by the body. What is an IRS Tax Investigation? The Internal Revenue Service conducts [...]
Anyone that receives an IRS summons is bound to be terrified. Although you have to keep in mind that if you haven’t done anything wrong, then you don’t need to fret. It’s always a good idea to be aware of your rights before you meet an officer. These rights include confidentiality and privacy, as well [...]
How to Request an IRS Tax AppealAppeals within the IRS could be very tedious and time-consuming. But if you are sure that you have a good case, then justice would be served surely. Your appeal could be regarding an unfavorable audit, a levy, or unacceptable tax collection.And for the appeal, you might not need a [...]
IRS Fresh Start Program Taxpayers are often trapped in debts that they are unable to pay to the IRS. And this turns out to be a stressful situation for many among such debtors. Even if one is prepared to pay off their debt, getting through the whole protocol can entail a whole lot of [...]
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