The IRS has loosened the rules for people who are struggling to pay their taxes. The goal is to make it easier for individuals and small businesses to pay back taxes and to avoid IRS tax liens. The IRS’ new rules are part of its “Fresh Start” program. If you qualify, the “Fresh Start” can […]

Income tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Chapter 7 provides for the full discharge of allowable debts, meaning that you never have to pay those debts. Chapter 13 provides a payment plan to repay some debts, with the remainder of debts discharged. Under the […]

A taxpayer who receives a letter from the IRS gets stressed out even before they open the letter and read. Not every IRS letter is a threat. Over the course of the year, the IRS sends out tens of millions of notices and letters. Some letters may contain general information, others a request to update information. […]

What is an Offer in Compromise?  An offer in compromise is an agreement between a taxpayer and the IRS that settles and resolves the taxpayer’s tax debt. The IRS has the authority to settle, or “compromise,” federal tax liabilities by accepting less than full payment under certain circumstances. A tax debt can be legally compromised […]