What is the Fresh Start Initiative?

February 28, 2017

In 2011, the Internal Revenue Service executed the first of numerous programs that offered collection alternatives to taxpayers struggling with financial hardship due to the 2008-2009 economic crisis. Collectively known as the Fresh Start Initiative, this program aimed to make it easier for taxpayers to settle their tax debits quickly and more easily. The Fresh…
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Negotiating Back Taxes with the IRS

February 22, 2017

Over the last few years, the Internal Revenue Service has been more agreeable to installment agreements and other ways of working out late tax payments. Not everyone, though, can negotiate with the IRS. The IRS can be selective as to which debt they will negotiate, and so a taxpayer must meet certain criteria to be…
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What You Need to Know About Failure to File and Pay Penalties

February 10, 2017

The IRS can charge a penalty if you fail to file a tax return, fail to pay a tax return, or both. The agency can also charge interest on any unpaid taxes. The penalty for filing late is calculated based on the time passed from the deadline of your tax return to the date you…
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Tax Liens and Your Credit Score

February 1, 2017

Tax liens are the government’s legal claim against some or all of your assets when you either fail or neglect to pay a tax debt on time. Tax liens may occur at the local, state level, or federal level. Tax liens are often placed for personal income tax, but may include property tax and other…
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9 Ways to Resolve Your IRS Tax Debt for Less Than You Owe

February 1, 2017

Are you struggling to pay off your tax debts? Though the IRS can appear very intimidating, the reality is that the agency can be very patient and understanding if it knows you have every intention of paying off your outstanding debts. Here are some ways you can settle your tax debt with the IRS for…
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