Money Research Collective’s editorial team solely created this content. Opinions are their own, but compensation and in-depth research determine where and how companies may appear. Many featured ...

Let our top-rated tax debt relief team help you resolve your tax problems. If you end up owing more taxes than you can pay on time, you can experience larger problems than costly tax penalties and ...

Question: We just filed delinquent 2023 tax returns and we owe the IRS $8,000 that we do not have. Can we make a deal with the IRS to pay them off monthly over time? Answer: A guaranteed installment ...

Question: Our accountant just sent us our 2021 tax returns that were on extension, and we owe the IRS almost $15,000. Unfortunately, we do not have the money to pay this tax. Can we make a deal with ...

The Internal Revenue Service has automated user fee calculations for taxpayers who enter into installment agreements to make it easier to determine their eligibility for fee reductions for low-income ...

When dealing with the IRS there are very few straightforward cases. When setting up an installment agreement special circumstances abound; here’s what you need to know. PART I: Can’t Pay Your Taxes?

The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the ...

The Tax Court remanded a case to the IRS Appeals Office after deciding an IRS settlement officer abused her discretion by withholding approval of an installment agreement pending liquidation of nearly ...

Earlier this week I wrote about the fact that millions of folks could find that they unexpectedly owe taxes for 2009 as an unintended consequence of the new Making Work Pay Credit. To avoid costly ...

On March 7, 2012 the Internal Revenue Service announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by taking steps to provide new penalty relief to the unemployed ...