The most troubling form of debt out there for the public is tax debt, especially debt owed to the IRS. Unlike credit card debt and bad credit debt, IRS tax debt can be an ordeal to deal with. In most cases, the fear isn’t the debt itself, but the wrath of the IRS if it […]

There are several different kinds of debt that people often find themselves in; however the majority of people agree that the most worrisome type is tax debt! This is mainly due to our innate fear of being audited or summoned by the Internal Revenue Service for failure to pay taxes, which ironically, is exactly what […]

The accumulation of debt due to unpaid taxes is becoming increasingly common in the United States. IRS tax debt can result from a number of financial problems brought about by special circumstances such as illness, accidents, divorce, layoffs or prolonged periods of unemployment. If you are one of the many taxpayers out there in tax […]

Americans struggling with tax debt often assume that the Internal Revenue Service is not an entity with which taxpayers may address their concerns and bargain. This could not be farther from the truth, however. Although the IRS does engage in aggressive collection tactics, it is an attentive listener that heeds taxpayers’ pleas and grievances as […]

Tax season can be an especially difficult time of year if you have fallen behind on your taxes due to mitigating circumstances. However, working with the IRS and other sources of aid can actually help you to achieve tax debt relief. Reduce Tax Debt with Assistance from the IRS Let’s begin with some IRS tax […]

Imagine coming home from a hard day of work only to find out that you have several different messages from pesky tax debt collectors that just won’t stop hounding you! If you’re someone who doesn’t have to imagine this scenario because you know first hand what it feels like, then you’re not alone! Dealing with […]

The Trouble with Tax Debt Many people today are facing the financial challenges that go along with being in debt. Yet, with all the ways you can be in debt in this day and age, tax debt is perhaps the worse kind! Additionally, by the time penalties are added on to your accrued taxes, you’re […]

Each year, many Americans wrestle with the issue of finding the right tax agent, one who specializes and is experienced in the tax debt areas they need help with. Before spending their hard-earned money, taxpayers should consider the following suggestions in order to consult the tax agent who best suits their situation and needs. The […]

Let’s face it, taxes can be quite taxing. With the help of tax deduction, however, a considerable weight can be taken off taxpayers’ pocketbooks. Since the IRS collects only on an individual’s taxable income, taxpayers can cut their tax bills by lowering their taxable income through the mechanism of a tax deduction. What follows is […]

The average American citizen can find tax laws to be very intimidating.  Because there are a multitude of tax laws, studying all of them could take years.  In fact, the study of federal tax laws would take even longer than that since very few of our tax laws are static; many are amended with each […]