The IRS offers several types of tax debt relief for taxpayers who are experiencing a financial hardship. You’ll have to work with the IRS to find the type of tax relief that works best for your situation. You may be able to use any of the following tax resolution...
Back Taxes and Tax Debt
4 Common Causes of IRS Tax Debt Problems
Tax debt problems are quite common, but often come about in predictable ways. What begins as a minor financial issue can become a debt-spiral that continues to get worse over time. The following four situations commonly cause IRS tax debt problems for many taxpayers....
IRS Notices: CP501 for a Balance Due
The CP501 notice is a bill for unpaid taxes from the IRS. This notice is less aggressive than some other IRS notices, but it can still result in consequences if you don’t take action to resolve your tax debt problems. There are several ways to respond to a CP501...
When Tax Debt May Be Dischargeable
Some older income tax debts may be dischargeable in bankruptcy. There are a number of requirements that must be met, so consult a bankruptcy attorney and a tax resolution attorney to discuss your options before filing bankruptcy. General Requirements Generally, your...
How Is Tax Debt Treated in Bankruptcy?
Some tax debts may be dischargeable in either a Chapter 7 or Chapter 13 bankruptcy. There are many criteria that must be satisfied and complex rules that apply to the dischargeability of tax debt. The Automatic Stay First, the automatic stay of bankruptcy will protect...
Innocent Spouse Relief vs. Offer in Compromise
Many factors will affect whether you should considering requesting innocent spouse relief or submitting an Offer in Compromise (OIC). Your eligibility and the benefits you will receive from each program depend on the following factors: Your financial situation. How...
What to Do If Your Spouse Leaves You With Tax Debt
The IRS can go after either or both spouses for tax debt from a joint return. This is true even if you have a divorce settlement stating that your former spouse will handle the tax debt. If your former spouse won’t hold up their end of the bargain and resolve your tax...
How Long Does It Take to Get Out of Tax Debt?
Many factors influence how long it takes to completely eliminate your tax debt. The length of your repayment period or settlement plan will depend on the following circumstances: How much tax debt you have and your financial conditions Which tax resolution options you...
How to Resolve Your Tax Problems in 2019
If you’re finally ready to resolve your tax problems in 2019, your first step should be to consult a tax resolution attorney. Every situation is unique, depending on your financial situation, how much you owe, which relief strategies you may qualify for, and other...
Filing Tax Returns When You Already Have Tax Debt
You are unlikely to receive a refund check if you already have a significant amount of IRS tax debt. The IRS will generally use the Treasury Offset Program (TOP) to seize your refund money before you ever get to see it. However, there are still many good reasons to...

