If you’ve found yourself in debt to Uncle Sam, there are many ways to pay what you owe, including working out an installment plan with the IRS. What you might not know is that you could also ...

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our ...

IRS issued Tax Tip 2024-37, April 24, 2024, to inform taxpayers that can’t pay their full tax debt or if paying would cause financial hardship, that they should consider applying for an offer in ...

If you owe taxes to the Internal Revenue Service (IRS) but cannot afford to pay the full amount, you might qualify for an Offer in Compromise (OIC). This program allows eligible taxpayers to settle ...

The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...

Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its "Dirty Dozen" campaign, the IRS has renewed a warning about so-called Offer in Compromise ...

Text Callout : Key Takeaways - IRS Offer in Compromise: Everything You Need to Know If you’ve found yourself in debt to Uncle Sam, there are many ways to pay what ...

An IRS offer in compromise enables you to settle tax debt for less than you owe. Eligibility requirements for these offers are specific, and the application process can take longer than a year. You ...