IRS Tax Debt – The Collection Process

IRS Tax Debt – The Collection Process

You are meeting with your tax preparer and hear those words, “You owe this year”.  You paid income tax, but more tax is due. What you do next, is a critical step in this process. Millions of taxpayers have tax debt; you are not alone. Many people do not file or file...
What Is Tax Debt

What Is Tax Debt

What Is Tax Debt .Tax debt and tax liens are different things. Tax debt is the money that you owe either to the state or the IRS. When you fail to pay the tax due on your federal income tax return in full by the due date, tax debt is created. Often times, people...
IRS Offer in Compromise

IRS Offer in Compromise

IRS Offer in Compromise This program What is an IRS Offer in Compromise Offer in Compromise (OIC) is a program run by the Internal Revenue Service (IRS) to assist individuals who are having a difficult time paying their tax debt. Individuals who are eligible can...
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