Trump administration eliminates federal student loan debt of permanently disabled Veterans.
Freelance taxes and side gig taxes are complicated with so many forms to track and receipts to record. This guide helps you navigate tax season.
Learning about money is boring. Board games are fun. Play one and teach your kids a lesson without them noticing.
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 owe the IRS, with helpful tips on what you can do once you know your real balance.
Money Girl answers 7 common questions about paying income tax that will help you comply with the law, minimize what you owe, understand tax deductions and credits, pay household workers or nannies properly, and avoid trouble if you can’t pay Uncle Sam on time.
With the 2019 tax season well underway, here are some ways to avoid tax fraud and get your returns early – among other benefits.
From covering healthcare costs to paying off debt, there are wiser ways to spend your tax refund than vacations and luxury buys.
It’s that time of year again! Federal income tax season officially opens on January 27, 2020. That’s the first day that taxpayers can file their taxes in hopes of getting their refund as early as possible. Millions of Americans rely on their annual tax refund to pay off debt, make key purchases and, unfortunately, just […]
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 created to make it easier and more accessible for people to repay or settle their tax debt. Taxes often seem overwhelming and over-complicated, like a […]
Circumstances where you might need a tax attorney.
Learn how you should file for personal bankruptcy when you can’t afford debt and other relief options won’t help.
Sounds weird, but interest rates are cheaper than other borrowing options – or a fee for filing late.
At a time when your life is about to be reduced to every nickel and dime made and spent in a year, it might relieve you to know that free tax advice is out there…
What is the best tax software out there? According to researchers, all those who filed federal income taxes last year, nearly half used tax software.
When it comes to back taxes, the IRS doesn’t let an unpaid debt go easily. In truth, there are very few ways to qualify for tax debt forgiveness – even partial forgiveness. That makes Innocent Spouse relief unique, because it’s one of the few ways you can qualify for full tax forgiveness. What is Innocent […]
What are back taxes? Back taxes are any taxes that you owe that remain unpaid after the year that they are due. Basically, if you let an entire filing year go by without paying the IRS what you owe, it’s considered “back taxes.” It’s important to note that even taxes you don’t pay within a […]
Find out when your state has a back-to-school sales tax holiday this year!
When you want to consolidate unpaid tax debt from multiple years into a single repayment plan, you typically use an installment agreement (IA). We explain how this differs from credit card and student loan consolidation and how it works.
Both IRS and state tax debt can be discharged during bankruptcy, but the amount you end up paying depends on your financial situation and the chapter you file.
When you owe money to a debt collector, there’s a chance they can sue you and get a court order for garnishment that could affect your accounts.
While total tax debt forgiveness is a bit of a myth, there ARE relief options you can use to reduce or eliminate your liability on unpaid tax debt.
If you’re married filing jointly and your spouse doesn’t pay the IRS, then you could find yourself on the hook for that tax debt unless you take these steps.
Avoid the placement of a tax lien by seeking resolution.
“Audit” may be the scariest 5-letter word in the English language, but we’re here to break it down to remove the mystery and give you some peace of mind.
Even if you don’t file a tax return, the IRS can still find you from data they collect from third-party bank and credit info.
Learn how IRS penalties and interest work and how you can use penalty abatement to reduce the total tax debt you owe, so it’s easier to pay off back taxes.
Levies allow the IRS to take money directly out of your bank accounts to cover unpaid tax debt. Learn how to protect your cash flow from levies.
This page provides answers to the most common tax questions we receive. All answers are provided by Debt.com’s resident tax expert, Jacob Dayan. If you still have questions, head over to our Ask the Expert section to get the answer you need. Please note: If you’re having trouble with your taxes, almost every situation is […]
We help you explore different options available for tax debt relief so you can find the right solution for your unique financial situation.
If you can’t pay back tax debt due to financial hardship, an Offer in Compromise (OIC) allows you to reduce debt in a way that won’t hurt your outlook.
If you know how tax debt is incurred, you can avoid it.
If you’re facing collections from the IRS, we’ll explain how the process works so you can either avoid collection or find a way to handle it smartly.
If you’re struggling to cover basic living expenses, qualifying for CNC status can help you avoid being hounded by the IRS to collect unpaid tax debt.
You can pay off your tax debt with monthly payments, like most other bills. You may even be able to pay less than you owe with an installment agreement.
You might need more time to pay your taxes, but make no mistake: Even an extension probably won’t protect you from paying more.
The deadline for your 2019 filing is right around the corner. Here’s why you need to file even if you can foot the bill to the IRS.
Whether you owe the IRS or you got a huge refund, you may have a problem with your tax withholding. Get it right by changing how much you withhold.