After spending years planning and saving for the golden years of life, most individuals might not want to let anything disrupt their plans for retirement. Unfortunately, things don’t always go as intended and those who struggle with overwhelming tax debts might have...
Tax Debt
Issues with tax debt could affect one’s life in various ways
While it may be no secret that dealing with periods of monetary hardship can be stressful, sometimes the outcome of such a scenario could be far more daunting. Issues with debt can disrupt various areas of one’s life and even increase the risks of physical or mental...
Eligibility for innocent spouse relief with tax debts
While there are many individuals who file joint taxes with their spouses, this doesn’t necessarily mean that they are always fully aware of every detail of the process. If one’s spouse or former spouse fails to accurately report information or claims improper...
Is an offer in compromise the right option for you?
Dealing with your tax debt can be stressful and difficult, and you may find that your financial struggles in this area carry over to other areas of your life as well. You know that you need a way out, but you are unsure of your options. Tax issues are common, and you...
This IRS program helps people with late and unpaid taxes
Atlanta has had a wild few years, hasn’t it? Between a global pandemic, a rollercoaster economy and job market and inflation, many of us have faced money troubles at some point during this period. Thankfully, the IRS, of all people, understands and wants to help you....
Tax debt and knowing what to expect from the collection process
Falling behind on financial obligations can be a stressful experience and the longer this process goes on, the more complex it might be to resolve. Individuals in Georgia who are unable to pay their tax debts by the due date may have questions about how best to handle...
Can owing back taxes negatively impact my credit score?
Changes in life circumstances can often affect your tax bill in unanticipated ways. Maybe you made the transition from employee to self-employed this year. Suddenly, your company isn’t withholding your Medicare and social security taxes for you – leaving you to with...
Seeking tax relief via the Fresh Start Program
Issues with unpaid tax debts can arise in various situations and those who face similar concerns may find themselves in a significant financial bind. Overdue tax debts can lead to interest fees and penalties, or even prompt issues such as tax liens and levies....
Are tax debts eligible for discharge via bankruptcy?
Going through prolonged periods of financial strain can be a daunting experience under any scenario. Individuals who struggle under the weight of debt may wish to explore the possible benefits of seeking relief via outlets such as bankruptcy, but they might have...
Steps to take when facing back taxes as a business owner
Many business owners have hectic daily schedules that leave them facing various difficult decisions and a multitude of responsibilities. Should business owners in Georgia get caught up in other matters and miss a tax deadline, or if their ability to pay taxes is...