Tag: Back Taxes

Tax Debt Relief Programs

Tax Debt Relief Programs

5 Main Tax Debt Relief Programs There are five main tax debt relief programs:  Offer in compromise  Installment Agreements  Currently Not Collectible  Penalty Abatement  Innocent Spouse Although your back taxes could be disputed on technical...

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What is Tax Resolution?

What is Tax Resolution?

Tax resolution involves finding the source or sources of your tax debt and the best option to resolve your tax problems with the IRS or State.  The resolution may involve several steps such as filing unfiled tax returns, requesting a penalty...

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Why Do I Owe the IRS Money?

Why Do I Owe the IRS Money?

There are several reasons client’s come to us with tax debt.  Some have failed to return, some have made an error on previous tax returns or sometimes it’s a simple matter of too little withholding from their paycheck.  Whatever the...

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The Elusive Offer In Compromise

The Elusive Offer In Compromise

By definition an offer in compromise allows you to settle your tax debt for less than the amount owed.  It is only a legitimate option for a taxpayer if they do not have any outstanding (unfiled) tax returns or are in an open bankruptcy...

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