Being selected for an IRS tax audit is scary. This does not mean you intentionally did something wrong on your taxes. The IRS conducts randomly selected audits. However, it is likely that the IRS believes your tax return contains errors. There are several steps to take to prepare for an IRS tax audit: Get Organized: Well, […]
What Do You Need to Know? According to 26 USC 7345, if your IRS tax debt totals more than $51,000, the IRS will certify to the State Department that your debt is “seriously delinquent.” If your debt is certified, you will be unable to get a new passport or renew your existing one. If your […]
There are many reasons for why a person to default on a student loan. Sometimes a person cannot afford to keep up on payments, is not making enough money, or maybe there are other bills that need to be paid first. Regardless of the reason, if you have not been making consistent payments or have […]
It may be surprising to find out that there are certain scenarios where IRS tax debt can be discharged (eliminated). Or, your tax debt can be managed through bankruptcy. This will depend on a combination of factors, including under what chapter of bankruptcy you file. You should consider the age of the taxes, the taxes’ […]
