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Should I Get a Loan to Pay Back Taxes to the IRS?


by Staff Writer on January 10, 2018  0 Comment

Should I Get a Loan to Pay Back Taxes to the IRS?
Finding out that you owe back taxes to the Internal Revenue Service (IRS) isn't unusual, as it's increasingly complicated to file even a basic tax return Getting a bill for back taxes is never pleasant, however, because you'll typically have to pay quickly without having much time to assess your options fully. If you can't afford to pay your bill, your first thought might be, “Should I get a loan to pay back taxes?” Find out whether you should take out a loan to pay IRS debt and learn more about alternative options for handling back taxes. Image via Flickr by 401(K) 2013 Why You Should Get a Loan to Pay Back Taxes to the IRS Getting a loan to ...

What Do Tax Attorneys Do?


by Staff Writer on January 02, 2018  0 Comment

What Do Tax Attorneys Do?
When you're experiencing issues with taxes or the Internal Revenue Service (IRS), it isn't always easy to know where to get the help you need. Depending on the problem at hand, you may need the legal advice that a tax attorney can offer, or you may need the experienced debt help that a tax relief service can provide. Don't know where to start? Find out when to use a tax attorney, learn when you need help from a tax relief service, and discover how the two differ. What Does a Tax Attorney Do? Tax attorneys are lawyers who specialize in tax law. They have a high-level understanding of current and past tax codes, and they understand how the law applies ...

How to Help If Your Parents Are in Debt


by Staff Writer on December 20, 2017  0 Comment

How to Help If Your Parents Are in Debt
When you have parents in debt, offering help or advice can be a sensitive subject. It's natural to want to support the parents who helped you get where you are today. However, offering financial assistance goes way beyond simply paying off your parents' back tax debt, credit card debt, or other major obligations. Discover what to do if your parents are in financial trouble. Learn how to help your parents get out of debt without using your own money. Image via Flickr by frankieleon Give Time Instead of Money Upon realizing that your parents are facing insurmountable debt, your first instinct may be to give them as much money as you can afford to offer. After all, loaning to your ...

Who Can Help With Debt Relief?


by Staff Writer on October 26, 2017  0 Comment

Who Can Help With Debt Relief?
Whether you're dealing with credit card debt, student loan debt, or tax debt, paying your bills on time can seem impossible. If managing your debts without getting behind on your payments seems like an insurmountable challenge, you aren't alone. In fact, debt management is a common issue for consumers, and you have several options to consider. Find out who can help with debt relief and discover the right credit counseling program, debt management plan, or debt consolidation company to help you. Credit Counseling Programs For many people who are struggling to pay bills and handle growing debts, seeking out a credit counseling program is a smart step forward. Take a look at how these services work and find out if ...

IRS Programs for Tax Debt Forgiveness


by Staff Writer on October 24, 2017  0 Comment

IRS Programs for Tax Debt Forgiveness
It sometimes happens that people get into trouble with the IRS over unpaid back taxes. Many reasons exist as to why, but they all wind up at the same conclusion: owing the IRS the back taxes, interest, and penalties that get tacked onto the amount. You might be shocked at how much the IRS adds onto unpaid taxes. And the IRS expects you to pay the total regardless of your financial situation. You are getting punished for your lack of attentiveness to your record keeping and tax preparation. The good news is that all is not lost even though you owe. The IRS offers a few different debt relief programs that are designed to accommodate the individual taxpayer. Why Does ...

How to Negotiate Payroll Tax Debt With the IRS


by Staff Writer on October 20, 2017  0 Comment

How to Negotiate Payroll Tax Debt With the IRS
Owing back payroll taxes is one of the most serious issues you can face with the Internal Revenue Service (IRS). In fact, since collecting unpaid payroll tax is the top priority of the IRS, collections officers waste no time in pursuing you for the amount you owe. The consequences of having unpaid payroll taxes can vary depending on your situation, but if the tax debt remains unpaid, the IRS can pursue you using standard collection procedures, resulting in liens and levies to collect the amount you owe. But do you have any ways to negotiate payroll tax debt? If you do owe back payroll taxes, you are probably feeling overwhelmed and stressed, especially if you do not have the funds ...

How to Get on an Installment Payment Plan for Unpaid Tax Debt


by Staff Writer on October 18, 2017  0 Comment

How to Get on an Installment Payment Plan for Unpaid Tax Debt
Unpaid tax debt is not uncommon, but it's not something that you should take lightly. If you owe money on your taxes, you must take action to settle with the IRS. There are several options for doing so that range from having the debt lowered or deferred to settling your debts immediately with a full payment. Explore your options to pay IRS in installments with our reputable IRS debt relief experts so you can choose a plan that's appropriate to your financial situation. There are several different ways that you can take care of this debt, with something to suit any business or individual. The only wrong approach is taking no action at all. Options for Handling Unpaid Tax Debt ...

How to Dispute IRS Debt


by Staff Writer on October 11, 2017  0 Comment

How to Dispute IRS Debt
The Internal Revenue Service is one of the most intimidating organizations on the planet, especially when it claims you owe it money. However, you can take solace in knowing that you have options when it comes to IRS tax disputes. With this guide, you'll learn how to battle the IRS in cases where you're falsely accused of owing back taxes. Let's get to work. Read the IRS Tax Collection Letters Letters from the IRS are scary even before you open them. You're not quite sure what to expect, and nine times out of 10, the letter contains something you don't want to read. However, reading the letters are the first step toward appealing IRS tax collection. When you open the ...

5 Ways to Stop IRS Wage Garnishments


by Staff Writer on October 09, 2017  0 Comment

5 Ways to Stop IRS Wage Garnishments
Did you know the IRS has a right to garnish your wages if you have unpaid tax debts? It’s scary. And it’s true. But the good news is that the IRS is typically slow to garnish wages. It’s an expensive, time-consuming process. They would much rather you just pay your taxes. (Wouldn’t you prefer that, too?) Unfortunately, things happen. Life gets in the way. And sometimes the fees and penalties have added up to the point where you just can’t pay your entire tax debt. You can still avoid IRS wage garnishment using any one of these seven methods. But first… Understand What IRS Wage Garnishment Means When the IRS files a wage garnishment, they take a percentage of your ...

What To Do If Your Business Owes Back Taxes


by Staff Writer on October 05, 2017  0 Comment

What To Do If Your Business Owes Back Taxes
For the 27.9 million small businesses in this country, as well as the 16,000+ larger corporations, quarterly taxes are a normal part of life. If you ignore your tax burden the interest, fees, and debt will just continue to grow. But if you owe back taxes, you may be afraid to face the situation. You might worry that the IRS will come after your business, your home, and your assets. Or worse, you may fear ending up in jail. These things could happen, in theory—especially if you owe payroll withholding taxes. In most circumstances, however, the consequences are rarely as bad as you imagine. And the IRS is often slow to act. You can get ahead of the situation by ...

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