by Rail 33 | Jan 12, 2025 | Tax Debt Relief, Taxpayer Rights
Paying taxes is required but understanding the tax regulations and nuances can be confusing. Consulting a tax professional is always an option and additional resources such as the Taxpayer Advocate Service (TAS) and Tax Counseling for the Elderly (TCE) are available....
by Rail 33 | Dec 20, 2024 | IRS Interest, IRS Penalties
I did not file my taxes by the deadline of April 15th but did file an extension. Why do I owe my taxes due and additional fees? Federal taxes are typically due on April 15th and they must be filed by that deadline to avoid penalties and fees. If you do not file your...
by Rail 33 | Nov 22, 2024 | Tax Debt Relief
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...
by Rail 33 | Sep 29, 2024 | Tax Debt Relief
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...
by Sharon Zavalanski | Aug 30, 2024 | Tax Debt Relief
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...
