Although tax season is well behind us, tax debt collection season is just gearing up. By now, the IRS has reviewed taxes thoroughly and is beginning to send out tax debt notices to taxpayers with liabilities. If you have received a notification of your tax debt liability, do not ignore it. Instead, follow a few  … Read more

Tax debt is one of the most stressful types of debt for many Americans, second only to medical debt. While owing the IRS money can be serious business, it doesn’t have to be difficult to resolve. In fact, there are several ways to enter debt negotiations with the IRS and obtain a favorable outcome. Simple  … Read more

We’ve spent a lot of time on our blog discussing various strategies and techniques for handing IRS tax debt.  However, state tax debt can be a big struggle for many Americans all over the 50 states.  If you’re struggling with tax debt owed to your state, there are a few things you should know about  … Read more

What do giving birth, paying taxes, and driving a tour bus have in common?  They’re all made a lot easier when you have an expert.  Sure, you might be able to get a bus from point A to point B in one piece, and you might be able to deliver without an obstetrician, but when  … Read more

If you have unpaid taxes, it might be tempting to procrastinate, and avoid addressing the situation until April.  However, it’s important to remember that debt negotiation with the IRS is different from all other kinds of debt negotiation.  It’s highly advised that you at least make an effort to address any unpaid taxes now rather  … Read more

Sadly, many people who are burdened with tax debt don’t know about all of the deductions they might be eligible for.  While you may be going through the tax debt negotiation process this year, be sure you keep track of a few oft-overlooked tax deductions and credits so next year you won’t be facing any  … Read more

Tax debt can be a scary thing.  It can’t be discharged with bankruptcy, and it can be attached to some very serious – very real – punishments.  You want to make sure you avoid tax debt, right?  Doing so might be easier than you think. Start Now Avoiding tax debt is easiest when you start  … Read more

If you are facing what seems like an overwhelming amount of tax debt, a partial payment installment agreement may be just what you need to help you in debt negotiation with the IRS.  A partial payment installment agreement can help you get out of tax debt quicker than you might expect.  And, you might not  … Read more

If you are drowning in tax debt, and payback is not a realistic option, you might qualify for the Internal Revenue Service’s Offer-in-Compromise (OIC) Program.  This debt negotiation program is the only way to settle tax debt for less than what you actually owe.  By no means is this the only way to get out  … Read more

When it comes to tax debt, you have several avenues of recourse the IRS makes available to you as a debtor.  Debt negotiation is never pleasant, and bankruptcy is almost exclusively the only option that will result in complete absolution.  However you go about clearing your tax debt, prepare for some difficulties.  One option that  … Read more