Any matter pertaining to the Internal Revenue Service can be complicated, difficult to understand and overwhelming. You may find simply preparing your taxes or knowing how to file your taxes can be a complex matter, which means that an audit will be especially...
Year: 2023
Things to know about an offer in compromise
Individuals who struggle with high tax obligations may have understandable concerns about how this might affect their lives and about the best path to take to protect their futures. While there may be a variety of outlets with which to seek relief from tax debt...
Possible risks of using personal loans to address tax debts
Those who struggle to keep up with tax obligations may choose to explore a variety of options in the pursuit of financial relief. In some cases, individuals in Georgia might wonder if taking out a personal loan to cover tax debts could be a viable solution. Evaluating...
Can unpaid tax debts lead to home foreclosure?
Those who struggle to keep up with tax obligations may have concerns about what this might mean for their financial futures and how the situation might affect their lives. In some cases, individuals in Georgia who face high tax debts may even worry that they may...
Mitigating tax debt risks when estimating taxes
Although there may be many individuals who have taxes taken directly out of their paychecks, this might not be the case for everyone. Individuals in Georgia who are responsible for managing tax obligations on their own may have concerns about the possible risks...
Factors that might increase the risk of tax debt concerns
Dealing with overwhelming tax obligations is a type of challenge that continues to affect the lives of many individuals. Even the thought of facing tax debt concerns can be a daunting concept and the fallout of similar issues could have a significant impact on various...
The penalties associated with underpaying your taxes
The government requires most individuals who have an income from any source to report that income and pay taxes on it. There are specific factors that determine the amount of taxes a Georgia taxpayer owes, including the total amount earned. Each individual must pay...
Changes to come regarding collection efforts for tax debts
Recent financial challenges have left many families experiencing periods of monetary strain and some may still be working to recover and rebuild this aspect of their lives. While sources of debt can take on numerous forms, overdue taxes are a type of issue that...
Recent studies highlight the trials of dealing with tax debts
Many individuals may look forward to tax season and the influx of cash that might come from their tax refunds. However, those who owe money to the IRS might not approach this season with the same enthusiasm, and some individuals in Georgia could even worry that they...
Evaluating payment plan options when facing tax debts
There might be various types of strategies to help combat issues with financial strain and the path that proves most fruitful may vary in each situation. Individuals in Georgia who face high levels of tax debt might not always be aware of the tools available to help...