Less than 1 in 4 Americans learn about paying taxes through personal finance education in high school. But everyone needs to pay taxes.
Unfortunately, financial ignorance about how to pay the IRS and what you’re allowed to deduct can cost a hefty fee over time. Tax laws are complicated and sometimes change from year to year.
Fortunately, the articles below breakdown Uncle Sam’s jargon into plain English. Read more below to learn how you can keep more of your hard-earned money every tax season.
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4 situations where the government can seize your tax refund
She loves her husband, but he might doom her to a life of poverty.
Tax liens used to impact your credit score, but they no longer appear on your credit report. Learn more here about tax liens and the financial implications of them.
Even a simple matter like figuring out how much you owe can be complicated when it comes to the IRS. Learn three ways to determine if (and how much) you…
Explore Tax Debt Solutions If you owe back taxes the IRS or state taxes, it can be a serious financial burden. Tax agencies can garnish your wages, drain your bank…
There are four fairly new tax updates to know before filing your taxes this year. One could equal a $7,500 tax credit for buying a Tesla last year. And that’s…
Tax debt is only scary when you do not know how to manage it. But what is tax debt, how is it incurred, and what can you do to avoid…
How to roll multiple years of unpaid tax debt into a single, simplified monthly payment. If you have several years’ worth of tax debts, a great first question for you…
An IRS Offer in Compromise (OIC) is a tax debt settlement plan. It allows taxpayers to agree with the IRS to settle a tax debt for less than what they…
Welcome to Debt.com’s tax debt relief center! If you owe back taxes to the IRS, you need to act quickly to avoid financial burdens, like receiving a Notice of Federal…
You may be able to roll some penalties back.
Can’t pay your back taxes off in a single lump sum like the IRS expects? If you receive a notice that you owe money on your income taxes, an IRS…
If you are struggling with tax debt and feel like it’s an endless journey, your situation may not be as dire as you think. The IRS Fresh Start initiative was…
While some illusions are simply harmless distractions, trusting tax forgiveness fantasies can unravel the very fabric of your existence. This might sound dramatic, but if you’ve ever gone head-to-head with…
Facing IRS collections is some of the worst financial stress you can face. If you don’t pay the IRS what you owe, they can seize your assets, garnish your wages…