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The IRS Is Resuming Debt Collections. Here’s What To Do If You Can’t Pay Your Taxes

May 29, 2023

As the IRS returns to normal operations, collection activities will resume as well. The agency is ramping up efforts to collect overdue taxes after many debt-collection activities were paused in order to provide relief to taxpayers during the COVID-19 crisis.

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How To Set Up A Payment Plan With The IRS

April 17, 2023

Wondering if it's still possible to arrange a payment agreement with the IRS before the 2023 tax deadline? The answer is yes. giving a taxpayer the opportunity to pay their taxes on a timeframe set by the government, saving them from penalties and other fees.

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Seven Questions To Ask Your Accountant Before You File Your Taxes

February 27, 2023

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With tax deadline day only weeks away, Americans are working away at their IRS returns and facing all the usual difficulties. As with any learning experience, a good way to gain insider knowledge of taxes and filing is to ask a trusted accountant or other tax specialists. Before filing taxes and risking negative outcomes, you can get ahead of the problem by asking a professional some critical questions.

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What To Do If You Owe The IRS Money

March 19, 2018

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For some taxpayers, it’s a dreaded time of the year. Why? Because they may owe the government some money. For some advice if you’ve filed your taxes and find out you owe the IRS, CLICK ON THE HEADLINE FOR MORE

Recent Posts

Four Year-End Tax Tips To Get On Track For 2024September 19, 2023 - 2:36 am
It’s a great time to start thinking about your taxes. There are four tips that can help you get on track for 2024.
How You Can Avoid A Tax Refund Shock Next YearSeptember 11, 2023 - 12:41 pm
One way Americans can avoid being caught off guard next tax season is by conducting a thorough review of their tax return alongside a mid-year review of their income so far in 2023. Undergoing a mid-year assessment can help taxpayers estimate how much they will receive in tax refunds or what sort of balance they will owe next tax season.
44% Of Savers In Their 20s And 30s Want To Retire By 60, But Few Are On Track—See How You Stack UpSeptember 4, 2023 - 2:28 pm
Many younger Americans currently aren’t on track to retire at the current full retirement age of 67, let alone at 60. Wondering how you stack up? Here’s how financial pros say you can calculate whether or not you’ll be able to retire when — and how — you want.
IRS Warns Of This Dangerous Scam That You May Fall Victim ToAugust 28, 2023 - 6:28 pm
There are plenty of accounts pretending to be the IRS and sending direct messages to people. As a result, the IRS is telling people not to engage with social media accounts pretending to be the organization.
Personal Loan Interest Rates Surge For 3- And 5-Year LoansAugust 21, 2023 - 8:39 pm
Whether a personal loan is right for you often depends on multiple factors, including what rate you can qualify for. It’s always a good idea to comparison shop. By comparing multiple lenders and their rates could help ensure you get the best possible personal loan for your needs.
Help Your Kids With Finances Without Jeopardizing Your OwnAugust 14, 2023 - 10:29 pm
For an increasing number of parents, supporting their adult children means providing financial assistance, even if it means they are putting their own financial security at risk. Financial experts say that such sacrifices are dangerous for both parents and children. If the parents run out of resources in retirement, they may end up putting an even greater financial burden on their children.
Should You Tap Home Equity To Pay Your Bills?August 7, 2023 - 9:08 pm
Some people may be tempted to use the equity they have built in their home to eliminate the outstanding debt. But is that a good idea? Before making such a move, it is important to understand the pros and cons of using home equity.
15 Years Of Low Interest Rates Reshaped The U.S. Economy. Here’s What’s Changing As Rates Stay Higher For LongerJuly 31, 2023 - 6:39 pm
The Federal Reserve is in the midst of its fastest interest rate hiking cycle in the modern era, setting up the U.S. economy for conditions not seen in generations.