When you owe money to the Internal Revenue Service (IRS), one favorable option for resolving the tax debt is to set up an installment agreement, which allows you to pay the debt through affordable monthly payments over time. The IRS offers streamlined installment agreements with minimal financial disclosures for certain taxpayers who meet specific criteria.…

When you find yourself on the receiving end of IRS collection enforcement for unpaid tax debt, the situation can feel simultaneously urgent and overwhelming. The agency’s aggressive tactics, like wage garnishments, bank account levies, and tax refund offsets, put immense financial pressure on taxpayers to promptly pay what they owe. However, not everyone can immediately…

If you find yourself owing money to the Internal Revenue Service (IRS) that you cannot pay in full, setting up an installment agreement allows you to pay off your tax debt through affordable monthly payments. The IRS offers several installment agreements depending on your financial circumstances and the total amount owed. Let’s look at the…

For most taxpayers, the mere thought of dealing with the Internal Revenue Service’s Collections division makes you want to crawl under a rock. The Collections branch represents the IRS’s enforcement arm – the team tasked with pursuing and retrieving unpaid tax debts through garnishments, levies, and property seizures. While indeed an unwelcome situation for any…

When you owe money to the Internal Revenue Service (IRS) that you cannot afford to pay, one potential form of relief is having your account placed into uncollectible status. This status temporarily suspends collection activity from the IRS due to financial hardship. Here’s a closer look at what uncollectible status means and how to potentially…

If you find yourself owing money to the IRS, it’s important to know that you have options for resolving that tax debt. Three potential paths include having your debt placed in uncollectible status, setting up an installment agreement, or negotiating an offer in compromise. Here’s a breakdown of what each option includes and the key…