Making monthly payments to the IRS is the least beneficial resolution that the IRS offers. However, it is still far better than collections. There are a variety of installment plans available based upon your debt amount and some other factors, but one plan is available regardless of the amount you owe: a payment arrangement based […]
Tag Archives: tax debt
Owing the IRS between $25,000-$50,000 is a big problem. In 2011, the IRS rolled out its Fresh Start Initiative, bringing more options to tax debtors in resolving their problem. One of those options was the expansion of the Streamlined Payment Plan to allow more people to more easily qualify for relief. Streamlined The IRS’ use […]
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Aug
Aug
We are often asked, “what causes tax debt?” Easy answer: underwithholding. Debt is a topic that most of us try to avoid discussing. When we individually owe debt, there are often feelings of shame. How did I let this happen? These same emotions arise with tax debt, especially when that tax debt sticks around for […]
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Jul
Jul
The most common ways to resolve tax debt. When owing back taxes to the IRS, emotions of fear can be overwhelming. Mixing that fear with solicitations can cause confusion on what to do about the debt. Here at Tax Debt Services, we believe there are four ways to resolve your tax debt. Every situation is […]