Are you in debt to the IRS? Being in debt is never good but when you owe money to the IRS things can get really ugly. People get behind in tax payments for a lot of reasons, but the IRS usually doesn’t care why you’re in debt. The agency just cares about you paying it...
It’s no secret that the IRS has a keen interest in collecting every last tax dollar that taxpayers owe. It doesn’t matter who or where it’s coming from. The taxman wants his money. This includes collecting taxes from money being stored overseas, which has long been a...
Face the Problem Head on The first thing you need to accept is that you can’t keep running from your tax debt. You have to face it head on and get he situation under control. So don’t try to run from it, or hide from the IRS. You can’t trick the IRS either, but if...
So what happens when you choose to submit an OIC to the IRS? The short answer is that it’s not always an easy process. To that end, recently the Treasury Inspector General for Tax Administration (TIGTA) conducted an audit to evaluate how efficiently the IRS is...
The Internal Revenue Service kicked of 2014 with many changes. This includes minor changes to the Offer In Compromise program (OIC), which is one way taxpayers can settle tax liabilities for less. The IRS also made minor changes to the fees charged for processing...
