Defaulting on an IRS Installment Agreement or Federal tax payment plan will be primarily brought about by a few scenarios. Remember, just because you defaulted does not meet your agreement is terminated. However, regardless of the manner in which you have defaulted, stay in contact with the IRS.
Failing to Make or Missing a […]
If you are not capable of paying your tax debt to the IRS in one payment, the IRS offers several tax payment plans or Installment Agreements in order to help you pay off tax debt without serious financial hardship. When considering an Installment Agreement, it is important to be aware […]
Not being able to pay your taxes is likely not as bad as you think it is. Everyone has heard the stories of the IRS taking homes, cars, boats, and other things that devastate people’s lives. The truth is, the IRS is very willing to work with taxpayers that are having […]
Are you confused about how long you should keep tax documents? Many people are in this position because there are so many conflicting opinions. Fortunately, we’re here to set the record straight.
The primary reason for keeping tax documents is to provide backup to the IRS if you are ever questioned about your […]