Owe Taxes on Forgiven Debt? Here’s What to Do
Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
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Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
Getting an unexpected call from a Revenue Officer as a business owner indicates that your tax situation has just become much more serious. When the IRS attempts to collect unpaid taxes from a business, most of the efforts are automated.
Understanding How to Use the CSED to Your Advantage If you have unpaid taxes that have been on your account for a while, one of the most important dates for you to know is the Collection Statute Expiration Date (CSED).
One major reason to structure a business as a corporation or LLC (limited liability company) is to protect its owners, managers, and employees from personal liability for the business’s tax or legal liabilities. This liability protection has exceptions, such as
If you’re struggling with tax debt and looking for help, two of the biggest options are tax relief firms and tax attorneys. Should you hire a tax relief firm or an attorney? The right answer is in the middle –
Whether you’re behind on one year of tax filings or multiple years, deciding to catch up and take action is a great first step. If you get started and realize you don’t have all of the tax documents you need,
Running a business can be a lot of work, especially in regard to state tax obligations with the Washington State Department of Revenue (DOR). These obligations don’t automatically end just because you want to close your business. Before you can
If you’re in tax trouble, there are many businesses out there that focus on helping people like you. The problem is that some of these entities aren’t the most honest and will use dodgy tactics to convince you to hire
Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law
The bulk of the IRS’ collection efforts for delinquent taxes are mostly handled by the Automated Collection System or ACS.
Dealing with delinquent taxes can be stressful, confusing, and scary. Because of this, you might be desperate for help to
What Does That Mean? What Should I Do Now? If the IRS sends you a notice saying that your account
Calls from unknown numbers can be alarming, especially when a quick Google search of the number shows that you’ve been
How to Protect Your Business From Being Labeled a Hobby If your business loses money for too many years in
When you fall behind on tax payments, you aren’t just responsible for the initial tax amount; you also have to
How to Do It and When You Shouldn’t Millions of people around the nation will have to deal with the
Dealing with tax debt is stressful, leaving many taxpayers vulnerable to quick-fix solutions that sound too good to be true.
Ever opened your mailbox to find a letter from the IRS and felt a wave of panic? Then, you’re not
Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
Getting an unexpected call from a Revenue Officer as a business owner indicates that your tax situation has just become much more serious. When the IRS attempts to collect unpaid taxes from a business, most of the efforts are automated.
Understanding How to Use the CSED to Your Advantage If you have unpaid taxes that have been on your account for a while, one of the most important dates for you to know is the Collection Statute Expiration Date (CSED).
One major reason to structure a business as a corporation or LLC (limited liability company) is to protect its owners, managers, and employees from personal liability for the business’s tax or legal liabilities. This liability protection has exceptions, such as
If you’re struggling with tax debt and looking for help, two of the biggest options are tax relief firms and tax attorneys. Should you hire a tax relief firm or an attorney? The right answer is in the middle –
Whether you’re behind on one year of tax filings or multiple years, deciding to catch up and take action is a great first step. If you get started and realize you don’t have all of the tax documents you need,
Running a business can be a lot of work, especially in regard to state tax obligations with the Washington State Department of Revenue (DOR). These obligations don’t automatically end just because you want to close your business. Before you can
If you’re in tax trouble, there are many businesses out there that focus on helping people like you. The problem is that some of these entities aren’t the most honest and will use dodgy tactics to convince you to hire
Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law