Tax FAQs: What is Tax Debt?

June 15, 2020

Although the tax filing deadline has been extended due to the ongoing pandemic in the United States, you’ll still be expected to have your affairs in order by July 15th of this year. Otherwise, you could find yourself dealing with tax debt. So, what is tax debt, and how can you avoid it? And what […]

Tax FAQs: What is an Offer In Compromise Pre-Qualifier?

June 1, 2020

It’s important to know that the IRS has options for taxpayers who can’t pay their tax liability in full. Understanding the necessary steps to take if you find yourself in this situation is essential to avoiding stress and financial repercussions that may result from unsettled tax debt. If paying your tax liability will create financial […]

Tax FAQs: When Can You Use IRS One Time Forgiveness?

May 15, 2020

If you feel you have been blindsided by a penalty from the IRS and you are unable to pay based on circumstances beyond your control, you may qualify for IRS one-time forgiveness. Despite the agency’s reputation, the IRS often works with taxpayers in disadvantageous circumstances to alleviate undue tax burdens. There are three primary types […]

8 Reasons to Take Advantage of Tax Debt Relief

May 1, 2020

The Internal Revenue Service: no one looks forward to hearing from the agency, especially when they owe the IRS money. If that’s you, then there are a few reasons why you should seek tax debt relief. When Should I Consider Help? Simply put, when you owe the IRS money and can’t afford to make a […]

Tax FAQs: How Many Years Can You File Back Taxes?

April 15, 2020

Surprisingly often, people do not file their tax returns because they know they cannot afford to pay their tax liability. This mostly applies to independent contractors and people who sell investments for significant short-term capital gains. However, those with long-term capital gains and W-2 jobs also get behind. Today, we answer how many years can […]

Tax FAQs: How Many Years Can You File Back Taxes?

April 15, 2020

Surprisingly often, people do not file their tax returns because they know they cannot afford to pay their tax liability. This mostly applies to independent contractors and people who sell investments for significant short-term capital gains. However, those with long-term capital gains and W-2 jobs also get behind. Today, we answer how many years can […]