All the information you need to make an educated decision
Penalty Abatement
If you do not pay your taxes in full and on time, the IRS applies penalty and late fees to the amount that you already owe. These penalties are added to your account automatically by a computerized system. Sometimes it is possible to have these fees overturned or refunded by submitting a request for penalty abatement.
In order for a request to be considered, you must have an acceptable reason for falling behind in your taxes, such as a death in the family, a natural disaster, or a long period of unemployment. In addition, you must show the IRS a commitment or plan for repaying your debt.
It is very difficult to prove your eligibility for penalty abatement to the IRS without the help of a tax expert. Tax companies in the DebtHelp network can help you request penalty abatement for your unique circumstances.
How to Solve Tax Debt Created by a Spouse or Ex-Spouse
Did your spouse or ex-spouse leave you with a tax debt problem, as well as a broken heart? Regarding the tax debt problem, you may have options. Here are two.
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Top Five Tips for Handling an IRS AuditHandling an IRS audit isn't easy, especially when a significant tax debt is in question. Here are five suggestions for dealing with an IRS audit.
Tax Debt and Bankruptcy: Five Things to Keep In MindYou cannot automatically get rid of a tax debt through filing bankruptcy. However, you can take certain measures to ensure that bankruptcy helps you get your tax debt problem under control. Here are five things to keep in mind with regard to bankruptcy and taxes.
Should You Hire a Tax Debt Attorney? Three Ways to DecideAttorneys can be expensive, and tax debt attorneys are no exception. Before hiring a tax debt attorney to handle your case, look for these three signs that you may really need one.
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