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Struggling with your financial situation is difficult enough on its own; struggling to make ends meet while also receiving constant collection notices from the IRS about your tax debt is even worse. If you’re going through a difficult financial period or experiencing serious financial hardships, you might be wondering if there’s anything you can do to relieve the burden of tax debt from your shoulders. Will the IRS forgive tax debt for taxpayers with financial hardships? Here’s what you need to know.

When you have unpaid tax debt, there are many actions that the IRS can take to collect on what you owe. These actions can range from small acts like keeping any future tax refunds you may be owed, to more severe actions like tax liens and tax levies. While people often use these terms interchangeably, tax liens and levies are actually two separate types of action that the IRS can take against you. Keep reading to learn how they are different, so you can better understand what it means if you find yourself facing a lien or levy.

If you’ve been told that a federal tax lien is being placed on your property, you might be a little uncertain about what, exactly, that means. Does the IRS now have a claim to your property? Could they repossess it? Just how serious is a tax lien, and is it possible to get it removed? At the IRS Advocates, we help taxpayers to deal with issues like federal tax liens and find ways to help them get their tax debt under control. Keep reading to find out more about tax liens and what you can do about them.

The holidays are approaching quickly, and for many people, that brings extra expenses like gifts and travel costs. However, if you’re struggling under the weight of a heavy tax debt, being able to afford those things might seem like they’d require a Christmas miracle. The good news is, the IRS offers many tax settlement options and payment plans for taxpayers. But is it possible to settle your tax debt before the holidays are here? Keep reading to find out more.

Most people understand that unpaid debt can have a negative impact on your credit score, but different debts have different impacts. How does tax debt compare to other types of debt? How severely will it impact your credit score, and what can you do to minimize any impact it may have? Keep reading to learn more about taxes and your credit score. If you have unpaid tax debt that you need help settling, contact the IRS Advocates today for professional guidance and support.

When you fall behind on your taxes, dealing with the collection actions can be extremely stressful—especially if you know there’s nothing you can currently do to settle that tax debt. One option for dealing with this problem is to apply to have your account with the IRS set to “Currently Not Collectible,” or CNC. What is CNC status, and what are the pros and cons of making this request for your tax debt? Keep reading to find out more.

If you’ve fallen behind on your taxes, it’s important to establish a payment plan as soon as possible. The longer you go without a payment plan, the more severe your situation will get. You’ll accumulate more interest with each passing month, and instigate additional collections actions, like tax liens on your property, bank levies, and even wage garnishment. While it is possible to apply for an IRS payment plan on your own, it’s typically a far better idea to work with a qualified and experienced CPA. How does a CPA make a difference? Keep reading to find out.

An offer in compromise (OIC) can allow you to settle your tax debt with the IRS for less than what you owe. One of the tricks to obtaining an OIC, however, is that you have to offer the IRS an amount that they deem to be fair—or, in other words, that they believe to be the maximum amount they can reasonably expect to receive for your debt. Offer too little, and your application for an OIC will be denied. Offer too much, and you’ll end up paying more than you may have needed to, and risk being unable to meet the terms of your OIC. So, how do you know how much to offer to the IRS in your OIC application? Keep reading to find out more.

The words “for better or for worse” can carry a lot of weight, but if your spouse has tax debt, you just might find yourself wondering whether or not those words make you responsible for that debt too. The bad news is, the answer may be yes. The good news is, the answer could be no. It all depends on the exact circumstances of the tax debt and your filing status with your spouse. Keep reading to learn more about whether or not you can be held responsible for your spouse’s tax debt.

When you fall behind on your taxes, the IRS may be able to provide you with a payment plan to help you get caught up on your tax debts. But what happens if you incur a new tax debt while you’re under a payment plan? Is it possible to get a second payment plan? How will your new debt impact your previous tax debt? Keep reading to find out more about settling multiple tax debts with the IRS.