Dealing with tax debts is not as hard as many people expect. The IRS offers two programs to help taxpayers resolve their unpaid taxes. They may even be willing to settle for less than is owed in some situations. When a taxpayer cannot afford to repay their full amount of tax debt, the IRS allows  … Read more

Owing tax debts have one thing in common: they can be difficult to manage and repay. However, there are different types of tax debts and each come with a different set of rules as to how they can be repaid. Most tax debts are resolvable directly with the tax assessor, but paying those debts in  … Read more

Owing taxes of any kind is a stressful situation. As citizens we have to worry about tax debt owed to the IRS, our state and city. These payments can get out of control quickly when someone experiences a financial hardship. While most city and state taxes are difficult to find payment assistance for, North Carolina  … Read more

Owing the IRS money usually is the result of other financial problems. Even worse is that tax debts can often lead to further financial hardships if they aren’t deal with properly. For many people, unpaid taxes can bring about many unwanted effects. Negative Outcomes Let’s not forget that the IRS is not like any other  … Read more

As the 2011 tax season approaches, many of us are beginning to worry about how much we might owe the IRS. Tax debts are common and many people may not be aware that they will owe taxes at the end of the year. For those experiencing financial hardships, tax debt can result in serious financial  … Read more

Most of us begin to get anxious this time of year as tax season approaches quickly after the New Year. Tax debts and payments can be a stressful matter for anyone, especially if you already hold thousands in unpaid taxes. Whether you are looking to reduce your 2011tax debt liability or maximize your refund, there  … Read more

If you owe the IRS money, you know how stressful it can be to try and manage your tax debts. Fortunately, the IRS offers two programs to help resolve unpaid taxes. However, the installment plan and Offer In Compromise programs may not be much help if the bulk of your taxes is due to IRS  … Read more

It isn’t uncommon for tax debt liability to be calculated incorrectly, either by the taxpayer or the IRS. There have been cases in which people who owed more than they could afford, entered an IRS payment plan wrongly due to inaccurate calculations. These innocent taxpayers ended up paying more than they actually owed because they  … Read more

While settling tax debts, or back taxes, isn’t all that difficult in itself, there are a few aspects of the process that often produce snags for taxpayers. The IRS is quick to act on unpaid taxes and may implement certain consequences for non-payment, which often takes the form of delinquencies fees. Once assessed these IRS  … Read more

It isn’t just the IRS that cracks down on delinquent taxpayers and comes collecting on tax debt. Many cities have begun to step up their efforts by knocking on doors looking to collect on back due city taxes. The city of Philadelphia is currently pursuing the pension benefits of 2,500 taxpayers who are delinquent on  … Read more