Debt Solutions: IRS Tax Debt Rules and Relief Options IRS tax debt rules and relief options provide multiple pathways for taxpayers to resolve outstanding obligations through programs like Offer in Compromise, installment agreements, and penalty abatement. According to IRS Data Book statistics, many taxpayers enter payment agreements each year, and settlement offers are evaluated based […]
Hardship Example: What Is an Example of a Hardship for the IRS What is an example of a hardship for the IRS? An IRS hardship occurs when paying your tax debt would prevent you from covering basic living expenses like housing, food, transportation, and medical care. The IRS may grant Currently Not Collectible (CNC) status […]