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In 2023, the IRS collected over $104.1 billion in unpaid assessments, but don't let that number intimidate you. If you're facing IRS tax debt, you're not alone.
This comes in the form of a payment plan or a settlement in which the IRS agrees to settle your tax debt for less than the full amount you owe. If you owe money to the federal government and don ...
The IRS can hand out penalties to taxpayers that owe them money, but they can also offer various forms of penalty relief — that is, if you have a clean and upstanding record with them in prior ...
IRS Fresh Start can help you get out of a tax debt hole if you owe money to the federal government. If you also owe state income tax, you’d need to reach out to your state tax authority to ...
The IRS also never asks for credit or debit card numbers on the phone. Even if a call appears to be coming from an official-seeming number, like the one on the IRS website, it’s easy for ...
The 2021 Recovery Rebate Credit will reduce any tax owed for 2021 or be included in the tax refund. If your income is $73,000 or less, you can file your federal tax return electronically for free ...