IRS debt can be a stressful problem to handle for anyone, especially if you are struggling financially. The IRS might have a reputation for being ruthless, but the government agency is not blind to the difficult circumstances taxpayers sometimes face. For this reason, the IRS is open to providing an IRS debt relief and debt forgiveness program for those that genuinely need aid to avoid extreme hardships. One of the available IRS debt relief options is an Offer In Compromise. An OIC involves debt forgiveness, allowing taxpayers to settle their debt by paying a lesser amount than what is owed.

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IRS tax problems are not something you would want to carry around for years. Are you looking for help with years of unfiled tax returns and refunds? Have you received a notice from the IRS stating you have unfiled tax returns, and they are withholding a refund until you file delinquent taxes? Not filing just one return, even if it is unintentional, can wreak havoc on your life.  Not knowing what to do or how to do it increases stress. Don’t panic, we are here to help you with unfiled tax returns! First, let’s discuss who should file a tax

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Nothing can be more terrifying for a taxpayer than receiving a notice from the Internal Review Service (IRS) accusing them of committing tax fraud. Our advice to residents of Dallas and who receive such a notice, is that they should consult an IRS tax attorney in Fort Worth, TX without any delay. Tax fraud happens when a person or organization knowingly and actively falsifies information on their tax returns in order to reduce their tax liability. It entails cheating on a tax return in an attempt to avoid paying your tax obligation. Falsely claiming deductions, classifying personal spending as business

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The IRS is always on the lookout for defaulters and has the right to take action against them as per the law. When a taxpayer is unable to pay or file the taxes they owe, the obligation doesn’t cease to exist; it continues to accumulate interest and even penalties. Though the IRS continually tries to recover outstanding tax debt, it may agree to cut down on or waive tax penalties if a taxpayer is able to provide a satisfactory reason for their non-compliance. Read on to learn more about requesting an abatement of IRS penalties. IRS Penalties Eligible for Relief

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The IRS has strict wage garnishment laws to enforce debt collection on unpaid taxes, no matter whether we talk about Texas or any other state. Wage garnishments occur when you have an outstanding tax debt owed to the IRS and any other means of collecting the debt have not been achieved. Your employer receives a written notice from the IRS requesting a portion of your wages to satisfy your outstanding tax bill. By law, your employer must obey this request. There are ways to avoid or stop wage garnishments. If you receive a notice that you owe taxes,instead of wondering

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Many married taxpayers file a joint tax return to qualify for the tax benefits attached to it. When filing jointly, both spouses are equally liable for all taxes, interests, and penalties that arise from the joint return, even if the couple gets divorced or only one spouse earned all the income or claimed deductions. There can be, however, a case wherein one spouse is innocent of the other’s tax debts, which is why the IRS has innocent spouse tax relief in place to help the innocent spouse get relief from tax debts. Read on to learn more about innocent spouse

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Death and taxes are the two inevitable events in life, and no one wants to die, but for many, this may be preferable to dealing with the IRS or trying to resolve a tax dispute. That is a sad commentary on this government agency when death is more popular than the IRS. Controversy with the IRS is something to be avoided whenever possible. When the IRS puts a taxpayer in their sights, the results are usually predictable. The agency will start piling up penalties and interest, seize assets and property, freeze bank accounts, and even start criminal prosecution against the

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