The Internal Revenue Service has released a new version of Form 656-B, Offer in Compromise Booklet, and a revised Form 656, Offer in Compromise. The new Form 656-B contains all of the forms and ...

Paying taxes is an inevitable responsibility that can be stressful for even the most financially stable individuals. If you’re experiencing economic hardship, it can feel overwhelming. Fortunately, ...

Question: I went through a long and expensive divorce a few years ago which decimated me financially. After the divorce, I racked up a large IRS tax bill, basically using tax dollars I owed to finance ...

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 ...

Question: I have been unemployed for the past six months and am basically financially tapped out. I owe the IRS a small fortune for past taxes that I have no realistic way of paying back this lifetime ...