Understanding Penalty Abatement Tax Services
One of the most stressful things to deal with as a taxpayer is receiving a notice from the IRS stating that you have penalties assessed against you. Not only can these penalties be financially burdensome, but they can also have long-term consequences on your credit score and overall financial health. Fortunately, there are tax attorneys […]
The Basics of Federal Tax Lien Subordination: An Overview
One of the most important things to remember as a taxpayer is the payment of taxes owed to the government. However, if you cannot pay your taxes, it’s essential to understand the basics of federal tax lien subordination. This overview will help you know what federal tax lien subordination entails, how it works, and why […]
Simple Solutions to Solve Your Tax Problems. How to Resolve Tax Disputes. IRS Laws & Tax Debt
Solutions to Solve your Tax Problems: Introduction Navigating the labyrinth of tax laws, deductions, and filing deadlines can be a daunting experience, even for those with a firm grasp of financial matters. As tax codes continually evolve, so do the potential pitfalls and opportunities for taxpayers, making it important to stay informed and proactive in […]
Understanding Eligibility Conditions for IRS Offer in Compromise (OIC). Qualify to Get an Offer in Compromise
An Offer in Compromise (OIC) is a program offered by the Internal Revenue Service (IRS) that allows taxpayers to settle their tax debt for less than the full amount owed. This program is designed to help taxpayers who cannot pay their full tax debt due to economic hardship. However, not all taxpayers are eligible for […]
3 Points to Know on Subchapter V of Chapter 11 Bankruptcy
Subchapter V of Chapter 11 Bankruptcy is a relatively new addition to the United States Bankruptcy Code, introduced as part of the Small Business Reorganization Act of 2019. It is designed to make the Chapter 11 bankruptcy process more accessible and less expensive for small businesses. Here are three important points to know about or […]
