Tax Debt

The Internal Revenue Service (IRS) recently announced it will renew audit efforts that were postponed a few months ago in response to the current coronavirus pandemic. The federal agency, like most organizations and businesses throughout the country, greatly reduced...

If you are unable to pay what you owe in taxes, or if paying would create a financial hardship for you, the IRS may consider what is called an “offer in compromise” to settle your tax debt. Essentially, the IRS is sometimes willing to settle your debt for the amount...