(Calm down, it’s just while you’re getting out of debt!) We know saying no to yourself is hard. But getting out of debt takes some sacrifice—there’s no way around it. Get creative and look for ways to save money on the essentials. Meal planning, shopping around for insurance, ...
Tax debt can quickly get out of hand if you put off dealing with it. If you fail to pay on time, the IRS will tack on penalties and interest to your outstanding balance. The monthly interest is equal to the federal short-term rate plus 3%.1The monthly penalty for not paying on time...
How to Pay Your Mortgage Faster: If you’re finding it challenging to manage your debts, exploring strategies to pay off your mortgage faster could free up funds to tackle other obligations within your budget. Guide to Paying Off Credit Card Debt: High-interest credit card debt can quickly sp...
If you plan to hire employees, you need an EIN for your business. Also known as aFederal Tax IDnumber, your unique EIN identifies your business with the IRS. If you don't have one, you will need toapply for one, Opens overlaythrough the IRS before doing payroll yourself. ...
What are the debt relief options to consider? Do-it-yourself debt relief You can skip an official debt-relief program and handle debt on your own through a combination of stricter budgeting, credit counseling,debt consolidationand appeals to creditors. ...
You may have denied yourself simple pleasures while waiting for that award to come through. Now that you have it, it’s time to ease up after paying off all that debt, right? To some degree, yes. However, it’s important to take a long view on your financial picture. If your budget...
While you can resolve tax debt issues yourself, you may prefer to enlist atax debt relief serviceto do it for you. These services negotiate with the IRS to help resolve your tax debt. Due to some bad actors in the tax relief industry, it's crucial to investigate any company you're cons...
Be up-to-date in your tax returns Have already paid off most of your state taxes and late fees Benefits of an IRS Tax Settlement Tax debt forgiveness is incredible news for many people who have fallen into financial hardship. Better yet, the IRS usually freezes penalties and interest once ...
How to File a Tax Extension If you need extra time to file your tax return, you can request an extension to avoid hefty penalties. Jessica WalrackApril 11, 2025 How Much Is the Average Tax Refund? The IRS has issued more than 61 million tax refunds so far in 2025. Here’s t...
How to File a Tax Extension If you need extra time to file your tax return, you can request an extension to avoid hefty penalties. Jessica WalrackApril 11, 2025 How Much Is the Average Tax Refund? The IRS has issued more than 61 million tax refunds so far in 2025. Here...