Quick Answer: How Can I Get My Tax Debt Forgiven? Tax debt forgiveness is possible through several Internal Revenue Service (IRS) programs designed to help struggling taxpayers resolve their obligations. With over 14 million Americans owing back taxes totaling more than $131 billion, the IRS offers legitimate relief options including Offer in Compromise, Currently Not […]
Can IRS Debt Be Included in Chapter 7? Key Rules to Know Can IRS debt be included in Chapter 7 bankruptcy? Yes, in some cases—but only if the debt meets strict eligibility criteria. While Chapter 7 can eliminate many unsecured debts, not all tax debts qualify for discharge. Understanding the requirements and exceptions is crucial […]
Tax Debt Installment Plan: A Step-by-Step Guide to Monthly IRS Payments A tax debt installment plan can be a financial lifeline if you owe the IRS more than you can pay all at once. Rather than facing penalties, interest, or collection actions, the IRS offers payment plans that let you repay your debt in manageable […]
How to Resolve IRS Debt Using Legal and Practical Strategies How to resolve IRS debt is a question many Americans ask each year when faced with overdue tax notices or collection letters. Whether you’re behind on a single year’s taxes or struggling with multiple years of unpaid debt, the IRS offers several legal options to […]
What Is IRS Debt Forgiveness and How Does It Work? What is IRS debt forgiveness and how can it help you manage overwhelming tax debt? IRS debt forgiveness refers to federal relief programs that reduce or eliminate the amount you owe when you can’t afford to pay. While not everyone qualifies, those who meet the […]
Is IRS Debt Considered Federal Debt? Here’s the Clear Answer Is IRS debt considered federal debt? Yes—it is. When you owe the Internal Revenue Service, you’re in debt to the U.S. federal government. This makes IRS debt a form of federal debt, similar in classification to unpaid student loans or defaulted Small Business Administration (SBA) […]
Help With IRS Debt Near Me: Why Local Support Matters If you’ve ever searched for help with IRS debt near me, you’re not alone—and you’re on the right track. When IRS debt starts piling up, the stress can feel overwhelming. Local tax professionals offer not only technical knowledge but also personalized support that can make […]
When Does Tax Debt Fall Off and What Affects the IRS Collection Timeline? When does tax debt fall off your record with the IRS? The IRS generally has 10 years from the date it assesses a tax debt to collect it. This timeline is called the Collection Statute Expiration Date (CSED). Once the CSED passes, […]
Tax Debt Definition: A Simple Guide to Unpaid Taxes The tax debt definition is simple: it refers to any unpaid taxes owed to a government authority, whether federal, state, or local. This debt arises when a taxpayer fails to pay their full tax liability by the deadline. It can stem from missed payments, incorrect filings, […]
How to Pay Tax Debt in Installments: A Practical Guide for Taxpayers If you owe the IRS but can’t afford to pay in full, learning how to pay tax debt in installments can make the process more manageable. The IRS offers flexible payment plans that allow taxpayers to pay their debt over time without risking […]