Posts Tagged ‘Tax Debt Relief’
What to Do If You Receive an IRS Letter
Receiving a letter from the Internal Revenue Service (IRS) can feel intimidating, but it’s important to know that many of these letters are routine, and the information they convey can be dealt with quickly and effectively with the right strategy. If you’ve received an IRS letter and are researching ways to react or respond,…
Read MorePlanning for Federal Tax Policy Shifts And Your IRS Liabilities
Federal tax policies are constantly evolving, and these changes can significantly impact both individual taxpayers and small business owners. New legislation…shifts in economic priorities…changes in government leadership…all of these can influence everything from income tax rates to available deductions and credits. Failing to adapt to these shifts can lead to higher tax liabilities, missed…
Read MoreThe Ultimate Guide to IRS Debt Resolution: Options and Strategies
If you’re dealing with an IRS tax debt situation, you are certainly not alone. A recent report revealed that some 11.23 million Americans owe a total of more than $125 billion in back taxes to the IRS. Every individual has unique reasons for falling into arrears with the IRS. For some, it’s underreported income…
Read MoreHow 2025 Federal Tax Changes Could Affect Your IRS Debt
Change is in the wind. And when it comes to the way your IRS debt is managed by the federal government, there’s a lot of change to stay on top of. For virtually all taxpayers in the US, paying federal tax on income is a part of life. So, if you’re one of the…
Read MoreHow to Settle Tax Debt in 2025: A Guide for Taxpayers
If you’re struggling with tax debt in 2025, you’re not alone. CNBC recently reported that among those who owe taxes to the IRS, 25% of them expect to go into debt in order to pay their tax bill. Many Americans face challenges with unpaid taxes due to a variety of reasons, such as job…
Read MoreThe Types of Tax Relief (and Which One You Need)
Tax debt can be overwhelming, and if you’re dealing with a back tax issue, you’re not alone: Currently, over 11 million Americans owe a total of more than $125 billion in back taxes, and that number is only increasing. Fortunately, various relief programs are available to help alleviate the burden. These options differ based…
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