Looking to Settle for Less with the IRS?

Looking to settle for less with the IRS? Have a tax bill you can't pay? You may see ads from companies promising you they can settle your tax debt for less. While it is true that an offer in compromise (OIC) allows you to settle your tax debt for less than the full amount you owe, [...]

Companies Who Promise to Eliminate Tax Debt Sometimes Leave Taxpayers High and Dry

This article was published by the IRS. As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses who advertise and offer to help them reduce their tax debt. These businesses, often called Offer in Compromise mills, make huge claims about [...]

Important Tax Reminders for People Selling a Home

This article was published by the IRS. A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. Here are some things that homeowners should think about when selling a home: Ownership [...]

How to Settle Your Debt With the IRS on Your Own

You’ve likely seen and heard ads from companies claiming they can settle your debt with the IRS for “pennies on the dollar.” They claim you need their services to strike a deal and pay less to the IRS. The truth is third parties can’t always deliver on claims to reduce tax debt and obtain waivers of [...]

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