When you hear the words “IRS” and “investigation” in the same sentence, your stomach might drop a little. Most people dread the thought of an IRS audit or a tax investigation. While they both involve the Internal Revenue Service digging into your finances, they’re very different processes with very different consequences. What is the difference…
For many people, they are overwhelmed by IRS tax debt. It may seem like there is no way out. However, there is a program that may help in your situation. Can you settle your IRS debt? An Offer in Compromise (OIC) allows people in tough financial situations to settle their tax debt for less than…
The IRS Payment Plan (commonly referred to as an Installment Agreement) is available to certain qualifying taxpayers who wish to pay their tax debt via monthly payments. This payment plan is for taxpayers who are in “Current Compliance” with the IRS* and have the means to pay off their tax debt yet are unable to…
