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There may come a time when you, or your business, are unable to pay taxes owed to the Internal Revenue Service (IRS). When this happens, there are a number of ways for the IRS to respond. One of the most common IRS actions is a federal tax lien. An IRS tax lien is filed with local county governme...

You've been audited by the Internal Revenue Service (IRS) and it has been determined that you owe money to the government. A lot of money. So, you might be thinking that you're now on the debt hook forever. That, however, is not exactly the case. Though not widely shared by the IRS, each IRS audi...

There is a common misconception among those who owe significant back tax debt that income taxes are never dischargeable in bankruptcy. But that's not entirely true. In fact, certain back federal, state, and local income taxes can be discharged in Chapter 7, Chapter 13, and Chapter 11 bankruptcy. ...

If you're struggling under tax debt, there are several options to achieve a clean slate with the government, one of which involves entering into an offer of compromise (OIC) with the Internal Revenue Service (IRS). Though a great option under the advisement and guidance of tax relief professionals, ...

If you think that all debt is the same, think again. The two main categories of debt – secured and unsecured – can impact you in different ways. Secured Debt Secured debt is tied to a specific asset that is used as collateral for the debt. If you fall behind on payments for this type of debt, ...

When looking for expert help in handling your taxes, it can get pretty confusing trying to navigate all of the tax professionals out there. From certified public accountants (CPA) to enrolled agents, similarities in the tax practitioner profession can further alter that first step in dist...

If you owe the IRS back taxes, you might feel backed up against a wall when trying to find relief options. One of the best tax relief programs to consider and explore with your tax professional is an offer in compromise (OIC). An OIC provides an agreement between the taxpayer and the Int...

Launched in 2011, the IRS Fresh Start Program seeks to assist taxpayers in paying back taxes and avoiding liens on their property. Combining and expanding several alternative payment options laid out in The IRS Restructuring and Reform Act of 1998, the Fresh Start Program offers tax relie...