Owing back taxes is stressful enough, but many taxpayers worry most about one thing: a tax lien. One of the IRS’s most powerful collection tools, a lien placed..
Tax Relief Blog
State Tax Liens vs. IRS Tax Liens?
What Is a Tax Lien? A tax lien is a legal claim by a government against your property when you fail to pay taxes. It is not the..
IRS Payment Plan Was Denied?
An installment agreement with the IRS can make back taxes more manageable. But what happens if your request is denied? Finding out that the IRS denied your request..
What Is a Tax Settlement?
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..
Canceled Debt Offer in Compromise Taxable?
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. ..
How Long Does an IRS OIC Take?
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..
OIC – How Much Should I Offer?
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..
OIC Was Rejected – What Next?
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..
How to – IRS Penalty Abatement
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…
Reasonable Cause Penalty Relief
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..