Owing the IRS money is not a position anyone wants to be in, especially when the IRS begins to try and collect on the debt. Tax debt is a common source of debt among many Americans and one that is known to be among the most...
For debt exceeding $25,000, the IRS isn’t legally bound to agree to streamlined settlement plan. Instead, you will need to present the IRS with your own plan to pay back outstanding debt. Refer to the guidelines for a...
Paying back your IRS debt in installments is one of the best ways to pay off unresolved debts. For many, it is the best road out of stressful IRS negotiations and penalties. There are several types of installment agreements,...
The Offer in Compromise process is notoriously difficult. The chances of your OIC being accepted are comparable to getting into a top-brass college. The OIC process is a case-by-case process, where one misstep can blow your...
Offer in compromise negotiations are notoriously difficult to argue and win. Key to successfully mitigating your debt is to accurately show you are in no position to pay back all of the debt you owe the IRS—now or in the...
