Managing IRS Debt: Strategies and Solutions
Facing IRS debt can be overwhelming, yet numerous strategies exist to manage and potentially lessen your tax obligations. This article delves into various avenues, from negotiating payment terms to exploring bankruptcy, and demystifies IRS policies to help you.............
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Tax Refund Anticipation Loans
Every year at about this time there is a glut of advertising by tax return preparers for what they refer to as "Rapid Refund," "Fast Cash Refund," "Express Money," or "Instant Refund". Some locations even offer a chance to play a game and double your "Instant Refund". These very tempting offers purport to get you your anticipated tax refund immediately or within a day or two. What many people don't realize is that there is…
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Can I Discharge Income Tax Debt With Bankruptcy?
With tax day fast approaching, many folks are understandably concerned about their finances. In fact, one of the most common questions we get asked around this time of year is whether income taxes can be wiped out with bankruptcy. The short answer is that it depends. Federal and state income tax debt can indeed be…
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