Georgia Tax Debt Settlement: Qualifying for an Offer in Compromise
If you live in the state of Georgia and are unable to pay your total tax debt, you may qualify for a tax relief program called an Offer in Compromise (OIC). In some cases, the Georgia Department of Revenue allows a taxpayer to settle their tax debt for less than the amount that they...
read moreIRS Tax Relief Programs: Best Ways to Start Paying Off Your Debt
The Internal Revenue Service (IRS) estimates that well over 8 million Americans owe back taxes to the IRS. Are you one of them? If so, it’s wise to consider how you are going to pay off your debt, as the IRS is not likely to forget that you owe them money. The best approach...
read moreWhat is a Tax Lien and Can You Prevent Getting One on Your Assets?
If you are in the unfortunate situation of being unable to pay your tax debt to the Internal Revenue Service (IRS), it is possible that they can make a legal claim against your property. This is called a tax lien. A tax lien does not mean that the IRS will actually seize your property....
read moreIRS Penalty Abatement: What are the Reasonable Cause Criteria?
Internal Revenue Service (IRS) penalties for filing or paying your taxes late can add up quickly and be financially detrimental. If you owe back taxes to the IRS, you should work to develop a plan that allows you to pay off your debt as soon as possible to help avoid additional interest and/or penalties....
read moreHow an Underpayment Tax Penalty Can Be Waivered
Do you pay estimated taxes? The Internal Revenue Service (IRS) actually requires that taxpayers pay estimated taxes on certain types of income that is not subject to withholdings, such as income from self-employment, dividends and interest, rent, alimony, and prizes or other winnings. What happens if your estimated taxes do not cover the amount...
read moreIRS One Time Forgiveness: Does It Apply to You?
Have you heard offers on TV or online promising to eliminate all of your tax debt? Have you wondered if these promises could be real or are they just too good to be true? In reality, while no formal debt forgiveness plan actually exists, you might actually qualify for significant assistance from the Internal...
read morePros and Cons of Filing Your Taxes Early
As the tax deadline approaches, you may be trying to decide exactly when to file your taxes. When is the best time to submit your returns to the Internal Revenue Service (IRS)? One thing to consider is whether you like getting things done ahead of time or find that you are a procrastinator. Every...
read moreHow to Avoid Tax Return Identity Theft from Happening to You
Getting a tax refund is often a welcome surprise that can help you pay an upcoming bill, get ahead on a credit card payment, take a mini-vacation or simply increase your family’s emergency fund. However, over the last several years, tax return identity theft has become increasingly common and many Americans are finding that...
read moreGetting Help with State and Federal Tax Debt
Are you concerned about owing money to the IRS? Do you have tax debt that you are unable to pay? You may have options for getting help with your state and federal tax debt without ruining your credit and overall financial outlook. The Internal Revenue Service (IRS) has put some new programs in place...
read moreBack Tax Debt Relief Under the New Tax Law
While specifics about the new tax laws are being reviewed and analyzed, you may be wondering how this will impact the back taxes that you already owe the Internal Revenue Service (IRS). The tax bill that was signed into law in December of 2017 will impact all of us over the course of the...
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