IRS Tax Debt

Filing of income taxes start as soon as individual start receiving their W2s ... . But unfortunately to some, they have irs tax debt still to pay to the government. I remember ... , he was devastated when he received a letter from IRS saying that he had IRS Debt because of misfiling [more...]

Date: 2009-01-01 12:43:57

Blog posts (6) | Videos (16)
 

WSJ: IRS Makes It Harder To Negotiate Tax Debts

Wall Street Journal: Wiping Out Your Tax Debt Gets Tougher; IRS Tightens Rules, as Firm That Acts as Middleman Settles Cases With 18 States, by Tom Herman: It's getting harder for taxpayers in debt with the IRS to negotiate a deal to pay ... in 2007 from 106,000 in 2004. ... Critics say the program needs to be overhauled. In a recent report [more...]

Date: 2008-07-23 16:45:31

Old Debt Settlements Can Come Back to Haunt with Large Tax Bite

Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]

Date: 2008-12-01 14:54:03

IRS Unveils Initiatives to Help Taxpayers in Financial Trouble

IRS changes offer relief to delinquent taxpayers. The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes ... and collection letters to taxpayers who recently lost their jobs, rely on income from Social Security ... the IRS to set up an installment plan. These plans allow taxpayers to pay their debt in monthly [more...]

Date: 2009-01-07 06:45:10

Mental Illness Made The Democrat Not Pay The IRS Or The State Of New York But He Was Fit To Work For The Governor

Robert, it really is a mental illness!  Gov ... he recently settled a debt that soared to at least $206,000. The sum included $151,000 owed to the IRS ... by the state. O’Byrne disclosed the tax debt and his failure to file returns after being questioned [more...]

Date: 2008-10-18 14:05:16

Should You Stop Paying Your Mortgage?

As we move through this newly admitted recession that everyone already knew about, ... . This law was originally enacted to cover debt forgiven in 2007, 2008 and 2009 but has since been extended to 2013. From the IRS website: Homeowners whose mortgage debt was partly or entirely [more...]

Date: 2008-12-10 01:40:43

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