Day: December 24, 2024
Which IRS Installment Agreement is Right for You? A Breakdown of Your Options
As of the latest figures from the U.S. Internal Revenue Service, collected $104.1 billion in unpaid taxes, penalties, and interest by 2022. Despite the risks of harsh penalties, asset seizures, and potential jail time, millions of individuals still find themselves...
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CNC Status Meaning: A Guide to IRS Currently Not Collectible Status
As of the latest figures from the U.S. Internal Revenue Service, collected $104.1 billion in unpaid taxes, penalties, and interest by 2022. Despite the risks of harsh penalties, asset seizures, and potential jail time, millions of individuals still find themselves...
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How to Qualify for an Offer in Compromise: What You Need To Know
Facing rejection for your Offer in Compromise (OIC) can be frustrating, especially when you are hoping for a lifeline to your tax troubles. But don't worry—being declined isn't the end of the road. Many taxpayers experience this setback, and the...
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