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

Blog posts (13) | Videos (15)
 

ACORN Owes Millions in Taxes

by Amanda Carpenter, Townhall An intrepid researcher has discovered more than 200 tax liens totaling more than $3 ... for Reform Now for unpaid taxes since the late eighties. A tax lien is issued when a person or organization fails to pay taxes and that tax debt is considered seriously delinquent. A lien is only issued [more...]

Date: 2008-10-28 20:29:35

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

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

Media on Henry and Peters

Media on Henry and Peters August 20th, 2008 at 6:17 am The NZ Herald reports: The immediate past president of the Bar Association, Jim Farmer, QC, ... of doing it, as the $40,000 Henry paid is not a tax deductible expense. It was not a debt he owed ... for the costs settlement in March 2006. How can he know this? If $100,000 from Glenn went [more...]

Date: 2008-08-19 18:17:26

IRS Help for Taxpayers Owing Back Taxes

If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]

Date: 2009-01-10 17:19:13

“Throw Some $G’s on That B*tch…”

Posted by Bossip Staff Marece Richards, aka, Rich Boy, owes hella stacks for bustin’ off at a fella back in ‘05: ... of his available property. According to the Atlanta Journal Constitution, a tax accountant from Mobile ... Boy is alleged to still owe $312,500 on the debt. Greg Miller, the rapper’s publicist, could [more...]

Date: 2009-01-14 11:30:51

How to Get the Tax Debt Relief You Need

Author : Vlavladi Vishnu A "little" tax probelm can become a huge financial and legal nighhtmare in just a short time Many thins can cuase you to have tax prbolems You might have made a mistake when you fled, thinking that everything was fine A few months later you get a letter from the IRS that tells you that you owe a substantial amount of mooney What are you gooing to do? [more...]

Date: 2009-09-26 07:31:07

Forgiven Debt Really is Income

There was a pretty good post over at WiseBread yesterday on how if a credit card company forgives some of what you owe, what was forgiven is income you have to pay taxes on. On the one hand, this is a point worth repeating because it seems to surprise most people. On the other hand, the post neglects to mention an important exception, and, moreover, feeds into the belief that this is an irrational fluke of the tax code. It isn’t. It makes sense. You owe Credit Card Corporation (CCC) $5000. [more...]

Date: 2009-09-23 15:59:00

How To File for Bankruptcy If You Are An Individual

Here is a quick guide to how to file for bankruptcy if you are an individual. -  Contact a reliable bankruptcy attorney . -  Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. -  Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]

Date: 2009-09-26 14:22:34

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

What You Need To Know about Tax Debt Relief

The IRS does have the option of reevaluating the amount of taxes that you owe, and this will often result in a lower amount of debt [more...]

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

In 2009 Go Back to Basics

Hi All,  Like most hardworking Americans you probably spend a good deal of time working for your money ... % credit card.  Dump it.  If you owe money on rent-to-own appliances, pay it off. If you have back taxes ... be wishy washy, eliminate high interest debt.   4) Own your own home.  Home ownership increases [more...]

Date: 2009-01-07 20:11:16

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