Tag: Featured
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Dealing with tax debt can feel overwhelming, especially when notices, penalties, interest, or collection activity begin to accumulate. The important thing to understand is that taxpayers may have different options for addressing federal tax debt depending on their financial circumstances. There is no single “tax relief program” that works for everyone. The appropriate path depends…
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Tax debt is surrounded by advertising claims, misconceptions, and confusing terminology. If you owe money to the IRS, understanding what is realistic can help you make better-informed decisions. Here are several common misconceptions about resolving tax debt. Myth #1: Everyone Can Settle IRS Debt for Much Less Than They Owe You may have seen advertisements…
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Receiving an IRS notice that you disagree with can be stressful, but taxpayers may have appeal rights depending on the type of IRS action involved. Before submitting an appeal, it is important to understand the notice, the applicable deadline, and the information needed to support your position. 1. Read the Entire IRS Notice Start by…