Month: September 2025

When taxpayers fall behind on their IRS obligations, the balance often feels impossible to manage. Penalties and interest make the debt grow, and enforced collection can create more..

Most people know that when a lender forgives debt — such as credit card balances or a mortgage shortfall — the IRS often treats it as taxable income. ..

If you’re struggling with tax debt, an Offer in Compromise (OIC) may sound like the fastest way to get relief. But one of the most common questions people..

When you owe more in back taxes than you could ever afford to pay, the IRS Offer in Compromise (OIC) program can feel like a lifeline. But one..

What Happens When Your Offer in Compromise Is Rejected? When your offer in compromise is rejected, the IRS will send you a letter explaining why.  The most common..

What You Need Before Requesting Penalty Abatement Before filing a request, make sure you: Have filed all required tax returns. Are current on estimated tax payments or withholding…

Tax penalties can accumulate quickly and create significant financial strain. The IRS provides a path to relief when penalties result from circumstances beyond a taxpayer’s control.  This relief..

What Is Tax Relief? Tax relief is any program or strategy that helps reduce, manage, or eliminate tax debt.  While it doesn’t always erase your full balance, it..

What Is Equity Value? Equity value represents the total value of a company’s shareholders’ ownership. It’s the portion of a business attributable to equity investors after all liabilities..

Dealing with the IRS can feel overwhelming, especially if you’ve received a notice or are behind on taxes. While some tax questions are simple enough to handle directly..