Federal Tax Debt
Who Can Help Me If the IRS Says I Owe Them Money?
Receiving a notice from the IRS stating you owe money can be overwhelming and stressful. However, you’re not alone in this situation, and several professionals and resources are available to help you navigate through this challenge. Tax Resolution CompaniesProfessional tax resolution companies combine various expertise under one roof, offering comprehensive solutions for tax debt problems. They […]
What To Do If You Find Out You Owe Money to the IRS
Discovering that you owe money to the Internal Revenue Service can be stressful and overwhelming. However, it’s important to stay calm and take action promptly. This guide will walk you through the essential steps to address your tax debt and protect your financial wellbeing. Don’t Panic – There is no guarantee that you have to pay […]
Understanding Your Options When Dealing with IRS Tax Debt
When you receive a tax bill from the Internal Revenue Service, your first instinct might be to pay the full amount immediately. However, tax professionals recommend taking a measured approach and understanding all your options before making any payments. Here’s why consulting with a qualified tax resolution specialist like us could potentially save you money […]
Does Bankruptcy Alleviate Federal Tax Debt?
Bankruptcy can alleviate certain types of federal tax debt. However, it depends on the specific circumstances and the type of taxes owed. Here’s a breakdown: Chapter 7 Bankruptcy: In a Chapter 7 bankruptcy, some federal tax debts may be dischargeable if they meet certain criteria. Generally, income taxes can be discharged if all of the […]