Did you know that some debts aren’t eligible for bankruptcy, while others may be eligible but receive special treatment? While it is true that tax debts fit into one of these two categories they can actually be part of both categories, just not at the same time. In other words, there are times when tax  … Read more

If you are facing back taxes and looking for a way to have the payments reduced, there are strategies for negotiating with the IRS to do so. Debt negotiation in the form of a repayment plan is a very common way in which debtors with big amounts owed in back taxes can set up a  … Read more

All too many taxpayers are familiar with the concept of back taxes. Expenses pile up and sometimes it becomes impossible to make the tax payments you know you need to. If you find yourself saddled with years of unpaid taxes and the IRS is looking to collect, you have a few options at your disposal.  … Read more

For many individuals struggling with back taxes, dealing with the IRS is just another daunting headache. But does it have to be that way? While working with a tax attorney will certainly help make dealing with your tax debt easier, the IRS is also trying to overcome negative stereotypes. The Fresh Start Program by the  … Read more

Falling behind on taxes and having to deal with the repercussions of tax debt with the IRS can be a stressful problem, affecting every aspect of your life. Fortunately, there are numerous options to eliminate or reduce your tax liability with the IRS. Whether you handle the situation yourself or hire a tax attorney to  … Read more

More and more Hollywood celebrities are proving that everyday Americans aren’t the only ones struggling with debt. From credit card debt to back taxes with the IRS, high profile celebrities continue to display poor money management habits. The latest example is Chris Tucker, who has begun the process of repaying his tax debt. The actor  … Read more

Receiving a statement from the Internal Revenue Service for tax debt can be a surprising experience. Aside from the pressure of having to deal directly with the IRS, people might be caught off guard by the penalties and interest added to their tax debt. If left unmanaged, tax debt with the IRS could result in:  … Read more

Dealing with the IRS is stressful, especially when they’re hounding you over tax debt. If you’re one of the 20 million Americans who owe taxes to the IRS, remember that tax debt negotiation can prevent a federal tax lien from hurting your reputation and credit. Debt negotiation with the IRS such as an Installment Agreement  … Read more

The IRS; a daunting creditor. If you owe money to the IRS you are in both a stressful and unique position for debt negotiation. While the IRS is notorious for implanting quick and steep consequences for unpaid taxes, you do have some control in the matter. Best Foot Forward Negotiating with the IRS over your  … Read more

Owing the IRS money is not an easy position to be in. Unlike other creditors, the IRS is vigilant about collecting their money and are easily granted the ability to collect through garnishments or liens on your property. If you are experiencing financial hardship you can still resolve your tax debts. Here is how: Contact  … Read more