Tax preparers serve as a bridge between taxpayers and government tax authorities. They ensure that tax returns are filed correctly and on time, reducing the risk of audits and penalties. Overall, they contribute to a smoother, more transparent tax process. As they...
Month: October 2023
Addressing IRS tax debt
If you owe money to the Internal Revenue Service, there are several options to address it. IRS tax debt can accrue for several reasons, and it may happen through no fault of your own. IRS tax debt You may owe money to the IRS if you fail to file a tax return or do not...
The basics to an Offer in Compromise in Texas
If you owe money to the Internal Revenue Service in Texas that you cannot pay in full, you may be able to negotiate a resolution. In this case, an Offer in Compromise (OIC) is an option available to you. Understanding tax debt resolution An Offer in Comprise is an...
Can the Offer in Compromise program help you settle tax debt?
You may have accumulated a tax debt if you cannot earn income after an injury. The Internal Revenue Service (IRS) may not know that you cannot afford to pay your tax. Hence, they may give you a notice of the amount of tax you owe the federal agency. Fortunately, there...