Is Bankruptcy a Solution to Back Taxes?
Is Bankruptcy a Solution to Back Taxes? Is Bankruptcy a Solution to Back Taxes? Dealing with a pile of unpaid taxes can be daunting and distressing. Many individuals wonder if filing for bankruptcy is a viable solution to their tax troubles. The answer is that it can help, but there are specific requirements that must […]
IRS Collection Actions
IRS COLLECTION ACTIONS The IRS is the country’s largest and most powerful collection agency, empowered by Congress to take whatever actions are necessary to collect taxes owed to the federal government. Such broad authority can easily instill fear among those unfamiliar with the IRS’s collection procedures. What is IRS? The Internal Revenue Service (IRS) is […]
Installment Agreement
Installment Agreement Kudos on successfully negotiating an instalment agreement with the IRS! You no longer have to keep an eye out for threatening letters, property liens, or visits from revenue officers. Depending on your circumstances and the amount owed, the difficult part may be over or just begin as you begin making payments. The important […]