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Tax debt can have a crippling effect on so many aspects of your life. The stress off trying to pay down that debt even as interest and fines on it climb can be overwhelming, and you might feel at a loss for how to deal with it so that you can move on with your life. While it is entirely possible to enter into payment agreements with the IRS on your own, it’s a good idea to have an advocate that works with you in navigating your tax debt with the IRS. Why? Keep reading to learn the benefits of working with a tax debt relief expert.

When you have a large tax debt, you can feel like you don’t have any options for getting out from under it. The truth is, there are programs out there that can help, but many people assume that they won’t qualify, so they simply don’t pursue the options available to them. If you’re in debt to the IRS, it’s important to learn the qualification requirements for tax debt relief programs; you might be surprised to learn that you can, in fact, qualify for many of these repayment options. Here’s what you need to know.

There’s a saying that the only things certain in life are death and taxes. But what if you pass away with a tax debt attached to your name? How does your tax debt impact your loved ones, if at all? Will they be held liable for what you owe? In this way, death and taxes can feel anything but certain. Here’s what you need to know about how tax debt impacts your estate and your heirs.

It’s April 15th, a date universally known as the US tax deadline. The good news is that you actually have another couple days; when the tax deadline falls on a Friday or weekend, the IRS pushes it out to the next Monday, so you have until April 18th this year to file and pay your return. But the bad news is that you have to pay those taxes on Monday too, and if you can’t afford it, it’s going to be a very stressful weekend. What can you do if you can’t afford to pay your taxes? Keep reading to learn more.

If you’ve managed to negotiate a repayment plan for your federal tax debt, it can feel like there’s nothing but smooth sailing ahead. However, it’s important to remember that your new repayment plan is just the beginning of settling your debt with the IRS. Once you have a settlement agreement, you’re expected to strictly adhere to the terms of that agreement. But what happens if you fall behind on your repayment plan? Keep reading to find out.

An offer in compromise (OIC) is a tax settlement option that the IRS offers to taxpayers who cannot pay their tax bill with their current assets and monthly income. This is often a very difficult payment option to qualify for, but if the IRS accepts your settlement offer, you can clear your tax debt for less than what you owe. How does the IRS decide which offers to accept and which to reject? Here’s a little look at how they determine whether or not it is in their best interests to accept an OIC application.

With hundreds of millions of taxpayers out there, many people think that the IRS won’t notice one unfiled return or one person’s overdue taxes. And, for a little while, that might be true. However, it is only a matter of time before you’ll receive a notice from the IRS about your taxes, and then, you’ll start to see consequences pretty quickly. What are the possible consequences of having overdue taxes? Keep reading to find out.

Having overdue taxes can have serious consequences for anyone. For business owners, however, back taxes can impact your livelihood and the future of your company. If you have overdue tax debt for your business, it’s important that you take steps to settle it as soon as possible. If you don’t, you could be facing some of the consequences outlined below.

When you’re faced with a tax debt you simply can’t afford to pay, you may feel as if you’ve been backed into a corner. Perhaps the IRS is pursuing a lien on your property or a levy on your bank accounts. Perhaps they’ve begun to garnish your wages. All of this can create serious financial difficulty if you’re already struggling to make ends meet. For those we owe the IRS but can’t pay due to their current financial situation, having the IRS place a Currently Not Collectible (CNC) status on your account can offer some relief.

If you owe a large sum in overdue taxes, one of the methods the IRS will use to retrieve those taxes is putting a tax lien on your home and other property—including your vehicles, and even your business. What is a tax lien, how does it impact you, and what can you do about it? Find out here.