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What are reasonable cause and good faith penalty exceptions?

The existence of the elements that constitute reasonable cause, willful negligence or good faith is based on all facts...

How long does an offer in compromise take to be accepted?

Processing times vary, but you can expect it to take at least six months for the IRS to decide whether to accept or...

What percentage does irs accept for offer in compromise?

This payment is mandatory in addition to the application fee. The 20 percent payment is generally non-refundable, meaning ...

How many years before irs debt is written off?

Every tax assessment has a collection statute (CSED) expiration date. Section 6502 of the Internal Revenue Code states...

Irs tax debt relief 2022?

That's because the IRS determined that those families didn't have to pay taxes because of their financial situation. If...

Is an irs offer in compromise a good idea?

A compromise offer allows you to pay off your tax debt for less than the full amount you owe. It can be a legitimate...

Highlights

Does the irs ever forgive back taxes?

Does the irs ever forgive back taxes?

Does irs have to settle old tax debt?

Does irs have to settle old tax debt?

Does irs ever forgive taxes?

Does irs ever forgive taxes?

Recent Post

Does the irs forgive tax debt after 7 years?

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt. After that, the debt is erased...

How hard is it to get an offer in compromise?

However, statistically, the odds of getting a compromise offer from the IRS are quite low. If you have a serious tax debt ...

How do i get tax debt relief?

You may be able to find tax relief through what is called a compromise offer. This allows you to settle your back taxes...

Who qualifies for the irs forgiveness program?

We have to pay a fee to help you with this program, we don't offer a free service. The IRS offers a debt forgiveness...

Who qualifies for irs fresh start?

The IRS's new Fresh Start initiative helps taxpayers who owe taxes. While you can talk to the IRS through a trusted tax...

What can the irs not take from you?

When you challenge an IRS collection action, all collection activity must be interrupted during your administrative...

How hard is it to get an offer in compromise with the irs?

However, statistically, the odds of getting a compromise offer from the IRS are quite low. Liability doubt occurs when...

What is the fresh start program with the irs?

If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The program was designed to...