Long before there were ERC mills enticing clients with often-false promises of big checks for the Employee Retention Credit, ...

It often starts with a letter from the IRS. Join our community today and get unlimited access to Accounting Today.

Can tax debt survive a person? Learn how to deal with IRS notices asking for tax payments from a deceased loved one.

The IRS wields significant power to collect debts, turning minor oversights into major financial burdens. As penalties and interest accumulate, many taxpayers turn to tax relief services, but these ...

According to the latest IRS data, Americans owed more than $157 billion in back taxes, penalties and interest for the 2022 ...

You don't have to deal with your IRS tax debt alone; there are a few different types of experts who can help. Getty Images Tax season came to an end this week, much to the relief of millions of ...

With bankruptcy, the amount of debt that you repay is set by law and not up for negotiation. You must disclose all of your ...

If your debt isn’t eliminated, the IRS offers flexible payment plans. On the other hand, the IRS has strict requirements regarding who can qualify for a tax forgiveness program.

The IRS penalties on unpaid tax debt can be as high as 5% per month (up to 25% in total), after all, so it doesn't take a lot of time, or a massive balance, for what could have been a manageable ...

Financial hardship: "Taxpayers qualify for most types of tax relief if they demonstrate to the IRS that making payments toward their tax debt causes financial hardship," explains Leocata.

The IRS requires most Americans to file a tax return every year to ensure they're up to date on the taxes they owe. The IRS typically won’t knock on your front door over a missed filing date, but that ...