You want to dig yourself out from under a mountain of tax debt, but maybe you do not know all your options. What if you could settle your debt for less than the full amount owed? The IRS explains how an offer in compromise works. Paying your full tax debt does not...
Month: September 2021
How does bankruptcy affect tax debt?
Under many circumstances, it is not possible to discharge tax debt during bankruptcy. For example, most chapter 7 filings require payment of tax debt first, making them a priority among other types of debt. Despite these standards, it is sometimes possible to...
