Let our experienced tax experts help you resolve your tax issue and negotiate a comprehensive settlement. Learn more information about the IRS tax debt forgiveness program.Certifications If IRS representation is something that you are seriously considering, our membership with ASTPS can help prepare you...
How does tax forgiveness work? Tax forgiveness programs allow taxpayers to settle their tax debt for less than the full amount owed. This can happen through an Offer in Compromise (OIC), where the IRS considers the taxpayer’s ability to pay, income, expenses, and asset equity to decide on...
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 your tax settlement is approved. As a result, you can avoid wage garnishments. Once approved, your tax liability will decrease almost i...
Received a 1099-C form? Find out when canceled debt is considered taxable income, the exceptions that apply, and how to accurately report it to the IRS. Learn the implications of debt forgiveness on your overall tax situation.
Houston taxpayers facing IRS back taxes can rely on our tax settlement team to rectify back tax returns and secure an IRS back tax forgiveness program in your favor. Our team of CPAs and Accountants can bring any delinquent tax filings back into compliance while our licensed tax attorneys negot...
The IRS Tax Debt Forgiveness Program Explained In 2011, the IRS launched the Fresh Start program and has since expanded the program in the hopes of assisting more taxpayers who carry federal tax debt. Read More › I owe back taxes. Will I get a Coronavirus stimulus check?
Partnership Form 1065, and the impact of those changes on Tax Returns to be filed.This tax update CPE/CE webinar will help you be the most prepared tax professional.This IRS approved Tax CE Webinar covers the following key topics:Schedules K-2 and K-3ExtensionsPPP ReportingPPP ForgivenessEmplo...
This applies to 2019 and 2020 Returns only and is for those who file by September 30, 2022 - get the details on the IRS COVID penalty forgiveness. Are student loans going to be forgiven or cancelled as promised by the Biden Administration? President Biden extended the student loan ...
31, 2022.23 At the end of 2022, the White House announced that this pause was extended in response to a federal court blocking a student loan forgiveness program. The new deadline is either:24 60 days after the forgiveness program is allowed to go forward or the litigation is resolved; ...
When the mistake results in fees orpenalties, the service provider will often compensate the customer directly in order to smooth things over. Others may offer to contact the IRS on your behalf to negotiate forgiveness of the error or a reduction in the penalties, but not all preparers have ...