The IRS Fresh Start Program can provide you several means of lightening your tax burdens and prevent the IRS from placing tax liens on your home, your accounts, and your car. Here’s everything you need to know about it.RELATED: 9 Qualifications For The IRS Fresh Start ProgramIn this article:What Is the IRS Fresh Start Program? How Will the IRS Fresh Start …Continue Reading
Tax Debt Relief
What Are The 3 Types Of Innocent Spouse Relief?
What is innocent spouse relief? Learn how you might be able to lift some of your tax burdens arising from incorrect information on your joint statement through this concept.RELATED: Fact Sheet: IRS Innocent Spouse and Injured Spouse AllocationIn this article:What Is Innocent Spouse Relief? Comparing the Three Types of IRS Innocent Spouse Relief General …Continue Reading
The 3 Types Of IRS Offer In Compromise And Their Eligibility Requirements
The IRS Offer in Compromise has three programs in place to aid qualified taxpayers in resolving their back taxes.RELATED: IRS Offer In Compromise | What It Is And How Can It Help YouIn this article:Doubt as to Collectibility Doubt as to Liability Effective Tax AdministrationExploring IRS Offer in Compromise Options and How To Qualify for Each1. Doubt …Continue Reading
How To Avoid Taxes Through The Mortgage Forgiveness Debt Relief Act
Here's what you need to know about the Mortgage Forgiveness Debt Relief Act and how it can exempt you from paying taxes on canceled debt.RELATED: Mortgage Tax Deduction Options That You Should Know About A Guide to the Mortgage Forgiveness Debt Relief Act Step 1. Report Canceled Debt in Your Tax Return The IRS considers canceled debt as income. Therefore, it is taxable. …Continue Reading
Appealing Your Rejected Or Terminated IRS Installment Agreement
Was your IRS installment plan request rejected? Review how and where to begin appealing a rejected or terminated installment agreement request here.RELATED: IRS Installment Agreement Types | How Can It Help YouIn this article:Considering an IRS Installment Agreement for a Tax Debt What If I Owe Taxes and Can’t Pay? What Is an IRS Installment Agreement? …Continue Reading
