Unpaid Taxes: IRS Actions and Available Solutions
In 2024, hundreds of billions of dollars in back taxes are owed to the IRS; if you owe but cannot pay, the IRS will send a bill with penalties and interest, potentially escalating to liens, levies, and legal action unless you utilize payment plans, Offers in Compromise, or Currently Not Collectible ...
Unpaid Taxes: IRS Actions and Available Solutions
In 2024, hundreds of billions of dollars in back taxes are owed to the IRS; if you owe but cannot pay, the IRS will send a bill with penalties and interest, potentially escalating to liens, levies, and legal action unless you utilize payment plans, Offers in Compromise, or Currently Not Collectible ...
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40% Bias Score
IRS Tax Debt Forgiveness: Options and Conditions
The IRS may forgive back taxes after 10 years, through Offers in Compromise (OICs) based on financial hardship, or via Innocent Spouse Relief; however, it requires active participation and meeting specific criteria.
IRS Tax Debt Forgiveness: Options and Conditions
The IRS may forgive back taxes after 10 years, through Offers in Compromise (OICs) based on financial hardship, or via Innocent Spouse Relief; however, it requires active participation and meeting specific criteria.
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36% Bias Score
Three Crucial Times to Consider Professional Tax Relief
Facing financial hardship, making extreme sacrifices to pay taxes, or risking wage garnishment are three key situations where individuals should consider seeking professional tax relief services to negotiate lower debt settlements and prevent severe financial repercussions from the IRS.
Three Crucial Times to Consider Professional Tax Relief
Facing financial hardship, making extreme sacrifices to pay taxes, or risking wage garnishment are three key situations where individuals should consider seeking professional tax relief services to negotiate lower debt settlements and prevent severe financial repercussions from the IRS.
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56% Bias Score
Record U.S. Credit Card Defaults Signal Economic Slowdown
U.S. credit card defaults reached a 14-year high in 2024, with \$46 billion in delinquent loans written off during the first nine months—a 50 percent increase year-over-year—primarily impacting low-income households struggling with inflation and high interest rates, potentially slowing economic grow...
Record U.S. Credit Card Defaults Signal Economic Slowdown
U.S. credit card defaults reached a 14-year high in 2024, with \$46 billion in delinquent loans written off during the first nine months—a 50 percent increase year-over-year—primarily impacting low-income households struggling with inflation and high interest rates, potentially slowing economic grow...
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40% Bias Score
US Credit Card Debt Reaches \$1.17 Trillion Amidst Record-High Interest Rates
US credit card debt hit \$1.17 trillion in Q3 2024, up \$30 billion from Q2, averaging \$8,000 per cardholder, driven by record-high interest rates and increasing delinquencies, highlighting the urgent need for effective debt management strategies.
US Credit Card Debt Reaches \$1.17 Trillion Amidst Record-High Interest Rates
US credit card debt hit \$1.17 trillion in Q3 2024, up \$30 billion from Q2, averaging \$8,000 per cardholder, driven by record-high interest rates and increasing delinquencies, highlighting the urgent need for effective debt management strategies.
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40% Bias Score
Record Credit Card Debt Cripples American Households, Seniors Most Affected
As of the third quarter of 2024, the total US credit card debt reached a record \$1.17 trillion, averaging \$8,000 per person; high interest rates (23.37%) and low Social Security increases disproportionately impact seniors.
Record Credit Card Debt Cripples American Households, Seniors Most Affected
As of the third quarter of 2024, the total US credit card debt reached a record \$1.17 trillion, averaging \$8,000 per person; high interest rates (23.37%) and low Social Security increases disproportionately impact seniors.
Progress
36% Bias Score
Unemployment and Soaring Credit Card Debt Create Financial Crisis for Americans
Rising credit card debt, averaging $8,000 per cardholder, is compounded by unemployment, forcing many Americans into financial hardship due to high-interest rates and prolonged job searches.
Unemployment and Soaring Credit Card Debt Create Financial Crisis for Americans
Rising credit card debt, averaging $8,000 per cardholder, is compounded by unemployment, forcing many Americans into financial hardship due to high-interest rates and prolonged job searches.
Progress
40% Bias Score
IRS Hardship Program: Eligibility, Alternatives, and Long-Term Implications
The IRS hardship program, or Currently Not Collectible (CNC) status, provides temporary tax debt collection relief to taxpayers facing financial hardship, pausing collections but not eliminating debt or accrued interest; eligibility is determined case-by-case based on income, expenses, assets, and o...
IRS Hardship Program: Eligibility, Alternatives, and Long-Term Implications
The IRS hardship program, or Currently Not Collectible (CNC) status, provides temporary tax debt collection relief to taxpayers facing financial hardship, pausing collections but not eliminating debt or accrued interest; eligibility is determined case-by-case based on income, expenses, assets, and o...
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44% Bias Score
January: The Hardest Month for Debt, as Essex Man's £50,000 Story Shows
David Davensac, an Essex resident, accumulated £50,000 in debt after job loss before the COVID-19 pandemic, but regained financial stability through StepChange debt charity, emphasizing January as a particularly difficult month for debt management due to post-Christmas spending.
January: The Hardest Month for Debt, as Essex Man's £50,000 Story Shows
David Davensac, an Essex resident, accumulated £50,000 in debt after job loss before the COVID-19 pandemic, but regained financial stability through StepChange debt charity, emphasizing January as a particularly difficult month for debt management due to post-Christmas spending.
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48% Bias Score
Munich Man's Struggle Highlights Need for Stronger Social Safety Net
Josef Müller, a 69-year-old Munich resident, describes his struggles with unemployment, mental health challenges, and financial hardship after a series of setbacks, highlighting the need for improved social support systems. Donations are requested to aid him and others in similar situations.
Munich Man's Struggle Highlights Need for Stronger Social Safety Net
Josef Müller, a 69-year-old Munich resident, describes his struggles with unemployment, mental health challenges, and financial hardship after a series of setbacks, highlighting the need for improved social support systems. Donations are requested to aid him and others in similar situations.
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24% Bias Score
UK Carer Allowance Scandal: Hundreds of Thousands Face Ruinous Penalties
Over 262,000 unpaid carers in the UK faced over £325 million in penalties for minor carer's allowance rule breaches since 2019, due to insufficient DWP staffing and flawed system design, with 600 prosecuted; current overpayments total over £251 million.
UK Carer Allowance Scandal: Hundreds of Thousands Face Ruinous Penalties
Over 262,000 unpaid carers in the UK faced over £325 million in penalties for minor carer's allowance rule breaches since 2019, due to insufficient DWP staffing and flawed system design, with 600 prosecuted; current overpayments total over £251 million.
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64% Bias Score
Canadian Legions Face Financial Crisis
Royal Canadian Legion branches across Canada face financial struggles due to rising costs and the impact of the COVID-19 pandemic, forcing some to sell buildings while others fight to stay afloat.
Canadian Legions Face Financial Crisis
Royal Canadian Legion branches across Canada face financial struggles due to rising costs and the impact of the COVID-19 pandemic, forcing some to sell buildings while others fight to stay afloat.
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0% Bias Score