When You Owe Money to the IRS Tax Debt Relief Can Help

The IRS may offer a settlement deal, or they may agree to a more flexible payment plan Whatever solution you agree to will be the one that you keep Failure to comply with this agreement can result in garnishment and reassessment of penalties and interest [more...]

Date: 2009-09-29 08:10:48

Blog posts (3) | Videos (18)
 

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

How to Make Deals with the IRS on Taxes Owed - Reduce Tax Debt Including Interest and Penalties!

I recently blogged about offer in compromise settlements and my guest appearance as the tax expert on Strictly Business on BlogTalkRadio ... to get a streamline installment agreement. And what they do is take the debt you owe divide it by 60 and that’ [more...]

Date: 2008-12-30 01:56:07

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