If you’re planning to travel abroad, you may be wondering if your tax debt will prevent you from obtaining a passport. The answer is yes, but it depends on the circumstances. To help you navigate this tricky situation, we’ve decided to put together a brief discussion on this topic. If this is something that you’re
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Navigating IRS Tax Resolution with Professional Tax Services
Dealing with the IRS can be a daunting task for most people. The complexity of tax laws and the ever-changing regulations make navigating the tax resolution process on your own challenging. This is where professional IRS tax resolution services come in. This guide will explore these services, how they work, and what to look for
How to Qualify for a Partial Pay Installment Agreement
A partial pay installment agreement is a type of payment plan that allows taxpayers to pay a portion of their tax debt over time. This option is ideal for those who cannot afford to pay their taxes in full but can make monthly payments. But not everyone qualifies for this kind of payment arrangement. This
Understanding the Tax Implications of a Lawsuit Settlement
A lawsuit settlement can be a relief, especially if you’ve been through a stressful legal battle. However, knowing whether you’ll have to pay taxes on your settlement is essential. The answer isn’t always straightforward and can depend on various factors. In this article, we’ll explore whether you must pay taxes on a lawsuit settlement. What
Small Business Owners: Are You Ready for an IRS Audit?
As a small business owner, you constantly juggle various responsibilities and tasks. One of the most important aspects of running your business is ensuring that your tax affairs are in order. The thought of an IRS audit can be daunting, but with the right preparation and knowledge, you can confidently face an audit if it
