Tag #Tax Debt

Showing 13 to 21 of 21 results

forbes.com
🌐 65% Global Worthiness
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IRS Offers in Compromise: Navigating Misleading Promises and the Qualification Process

The IRS's Offer in Compromise (OIC) program allows taxpayers to settle tax debt for less than the full amount owed; however, qualification requires stringent criteria and documentation, leading many to seek help from companies that often make misleading promises.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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IRS Tax Debt Collection: Methods and Resolution Options

The IRS employs various methods to collect unpaid taxes, ranging from demand letters to seizing assets; however, taxpayers can resolve debt through payment plans, settlements, or professional assistance.

Progress

52% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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IRS Solutions for Taxpayers Owing Over $10,000

Facing over \$10,000 in back taxes? The IRS offers installment agreements, Offers in Compromise, and Currently Not Collectible status. Taxpayers may also pursue penalty abatement or utilize a tax relief service for expert negotiation and efficient debt resolution.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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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.

Progress

36% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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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.

Progress

56% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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IRS Fresh Start Program Expands Tax Relief Options

The IRS Fresh Start program, launched in 2011 and expanded since, helps individuals and businesses manage tax debt through installment agreements (up to $50,000 over 72 months), Offers in Compromise, and tax lien relief, providing more flexible payment options and penalty relief.

Progress

44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Tax Relief Services: Reducing Tax Debt Through Expert Negotiation

Tax relief services help reduce tax debt through Offer in Compromise negotiations, penalty abatement, installment agreement optimization, and strategic tax return review, providing valuable expertise most taxpayers lack when dealing with the IRS.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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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 ...

Progress

40% Bias Score

No Poverty
cbsnews.com
🌐 65% Global Worthiness
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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...

Progress

44% Bias Score

No Poverty

Showing 13 to 21 of 21 results