Tag: back taxes help


What Happens If You Owe The IRS and Can’t Pay?

Basically, with a few exceptions, if you owe money in the United States and make a good faith effort to reconcile with your debtor in a reasonable amount of time; whether that reconciliation takes the form of a payment-plan agreement, a lump-sum payment, or a declaration of indigence, you can remain relatively safe from prosecution that results in jail time or worse. It’s when you...

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Does The IRS Forgive Tax Debt After Ten Years?

According to the Tax Code (5.1.19.1.1), “Each tax assessment has a Collection Statute Expiration Date (CSED). Internal Revenue Code section 6502 provides that the length of the period for collection after assessment of a tax liability is 10 years.” But hang on. There are some circumstances which allow the IRS to ignore the ten-year statute of limitations on tax debts. For example: If you weren’t...

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Seizure of Stimulus Checks & The IRS

The Stimulus Checks are a huge topic of discussion, confusion, panic, and speculation, all over the United States. From pondering whether or not you’ll even get one, to being insulted that the government is trying to make you feel good about being given your own money, there’s a lot of questions the people want to have answered. What if you owe the IRS money? Can...

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Pay Less In Taxes With These 4 Strategies

Pay Less In Taxes The only sure things in life are death and taxes. For the immortality issue, we have little to do about it. However, with the bothersome bills from Uncle Sam each April, we have tried to find ways to go around it. And hey, we are not talking about tax evasion here. Which is better; throwing some bones to the government or...

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Tax Debts Explained 2016

Everything You Need to Know About Tax Debts If you cannot pay your tax debt and the Internal Revenue Service (IRS) is already putting on the pressure, there is a solution for your problem. You can now pay less than your actual IRS debt by compromising or paying in installments. Tax Debts and How These Are Formed In simple terms, a tax debt is an...

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