It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...
The Fresh Start program expands taxpayer options, lowers barriers to IRS relief programs and continues to give many people a ...
Not all debts qualify for settlement, but knowing which ones are excluded can help you plan your payoff strategy.
Failing to finish a debt settlement program can undo your progress and may even leave you worse off than before.
Clear Start Tax Explains How the IRS Fresh Start Initiative Helps Qualifying Taxpayers Settle Debts for Less Than What's Owed Originally launched to help struggling taxpayers recover after the ...
Got credit card debt? You aren’t alone. In the second quarter of 2025, total credit card debt in the U.S. reached a record high of approximately $1.21 trillion, up 5.9% from the previous year. If ...
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IRS one-time forgiveness explained: Who qualifies and how it works
The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.
For Lakeba Franklin, tax debt became an overwhelming burden after she took an early withdrawal from her IRA to cover the costs of critical surgery. The IRS imposed penalties, leaving her with a ...
Clear Start Tax Explains How the IRS Fresh Start Initiative Helps Qualifying Taxpayers Settle Debts for Less Than What's Owed IRVINE, CALIFORNIA / ACCESS Newswire / May 3, 2025 / For taxpayers who ...
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