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Tax Solutions Archive

How to Reduce Payments to the IRS if You Owe?

How Does the IRS Partial Payment Installment Agreement Work? What’s the first thing that comes to your mind when you get a notice from the IRS saying you owe them a significant amount of tax? You feel like paying them the full amount the next day. While paying the tax debt in one shot may

IRS Offer In Compromise

Go-To Guide To An IRS Offer In Compromise The fact that you find yourself here reading this page likely means that you are in a position that you would rather not be in. Indeed, owing more federal income tax than you are realistically able to afford is not a pleasant set of circumstances for anyone

Need to File Back Taxes?

You should ensure that you file now to avoid penalties and interest. When you file now, you'll be able to pay with the least amount of applied charges. Additionally, all late payments are also factored into the total that you'll pay when you file now.

Innocent Spouse Relief – Defined

Innocent spouse relief can be used when one spouse of a joint return is assessed additional tax based on the erroneous filing by the other spouse. This method can be extremely complex and usually involves the assistance of a tax attorney, but can be a viable option depending on the circumstances.