Owing the IRS

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What Is the IRS Automated Collection System (ACS)?

If you have unpaid taxes with the IRS, you can bet the IRS will eventually try to collect them from you. However, the IRS doesn’t normally send...

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IRS Tax Debt Discharge in Bankruptcy

Learn When and How Bankruptcy Can Help With IRS Tax Debt Taxes are complicated. Bankruptcy is complicated. So, what do you get when you combine...

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Can I Separate My Tax Liability From Former Spouse?

In situations where other types of relief are not available, you may be able to seek relief from your spouse’s tax debt with separation of...

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Who Pays Back Taxes After a Divorce?

Financial issues are a leading cause of divorce, and it’s not uncommon for couples to divorce with outstanding tax debt. While your divorce decree may...

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What to Do if the IRS Rejects Your Offer in Compromise Application

If the IRS has rejected your offer in compromise application, don’t give up just yet. You may be able to change their minds through the...

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A Taxpayer’s Guide to IRS Appeals

Depending on your reasons for disagreeing with the IRS, there could be a special process available to resolve your dispute. Unfortunately, figuring out how to...

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Can the IRS Take Your 401K for Taxes Owed?

In 2021, the average 401(k) retirement account had a balance of a hefty $141,542. These retirement accounts are often the accumulation of years of hard...

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What’s the Difference Between Injured and Innocent Spouse?

When you file your taxes, it matters whether you’re married or not. Many married couples decide to file jointly, which can provide a few significant...

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IRS LT1058 Notice of Intent to Levy

Did you just receive IRS Notice LT1058 in the mail? Confused? Wondering what to do? Well, you definitely shouldn’t ignore this notice. By the time...

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Can You Buy or Refinance a House with Unpaid or Unfiled Taxes?

Buying a home is among many Americans’ top financial priorities. Over the last five years, around 80% of U.S. residents say buying a home is...

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