As a result, the IRS has established certain programs geared toward forgiving tax debt under certain circumstances . That can provide much-needed relief from your tax burden, but getting approved isn't easy. You'll have to meet strict eligibility criteria, and these programs are only an option...
In reality, there is no such credit under the name "Self Employment Tax Credit"; the actual credit referenced in social media is the Credits for Sick Leave and Family Leave which has strict eligibility criteria. The IRS warns taxpayers that filing claims based on this misinformation carries ...
Once you meet the eligibility criteria, the Fresh Start Tax Program offers a variety of payment options to help you manage and reduce your tax debt. These options include installment agreements, offer in compromise, currently not collectible status, and penalty abatement. Understanding these payment ...
The airwaves and Internet are inundated these days with advertisements claiming that businesses are missing out on the lucrative Employee Retention Tax Credit (ERC). While some employers do indeed remain eligible if they meet certain criteria, the IRS continues to caution businesses about third-party...