Author: Tax Consultants
IRS to Waive Failure-to-File Penalties for Certain Taxpayers
Good News for Taxpayers: IRS to Waive Failure-to-File Penalties for Certain Taxpayers in Response to Pandemic In response to the COVID-19 pandemic, the IRS issued Notice 2022-36, waiving failure-to-file penalties against certain taxpayers for 2019 and 2020. However, taxpayers must act fast to take advantage of this tax debt relief. To qualify, the missing returns […]
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Understand Your Tax Debt Relief Options for a Fresh Start
Every day that you put off resolving your tax debt, penalties and interest are added. The IRS won’t forget about the taxes you owe. If you ignore the payment demands, they have the power to garnish your wages, put a tax lien on your property and physical assets, or issue a bank levy freezing your […]
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Tax Debt Relief with Anderson Bradshaw Tax Consultants
Americans owed $10.2 million in back taxes to the IRS in 2021. Have you received a past due notice from the IRS? Perhaps the IRS has already garnished your wages or seized your bank account. Your tax issues won’t go away on their own, and you could face losing everything you have! Several options for […]
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Wage Garnishment – Everything You Need to Know
If you have tax debt that you cannot pay, the government may take action to try and collect what you owe. One way they can do this is by garnishing your wages. Wage garnishment can be a huge blow to your finances, and it is important to know how to deal with it. In this […]
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What are Back Taxes?
Do you have tax debt? Are you feeling overwhelmed and stressed out? You’re not alone. Millions of Americans find themselves in the same situation every year. In this article, we will discuss what back taxes are, why they happen, and what you can do about them. We will also provide a few tips on how […]
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What is Tax Debt Relief?
It is important to keep in mind that the IRS does not advertise any type of tax debt relief. The IRS does, however, have incentives and programs that will lower a taxpayer or business owner’s tax bill such as tax credits and other temporary incentives, allowable deductions for retirement, tax debt forgiveness and the removal […]
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Small Business Tax Debt Relief
If you are a small business owner struggling to pay back taxes, do not throw your hands up in despair. There is light at the end of the proverbial tunnel.Many small business owners have access to numerous tax debt relief programs that are similarly available to individual taxpayers. Let’s take a look at a few. […]
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Change in IRS Policy on Offer-In-Compromise Program
If you have an outstanding tax debt that will create financial hardship at the attempt to repay the debt; you could consider utilizing the “Offer-in-Compromise” program. Taxpayers who are eligible for the offer-in-compromise program must meet specific prerequisites. Most importantly, there needs to be evidence that the taxpayer suffers from financial hardship to the point […]
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Achieve Tax Debt Relief by a Reduction in IRS Penalties and Interest
In 2020, the Internal Revenue Service (IRS) assessed more than $14 billion in civil penalties related to delinquent taxes. If you are struggling with back taxes and are seeking assistance with obtaining tax debt relief, there are numerous options to help you reduce or remove your IRS penalties, depending upon meeting certain qualifications. IRS Penalties […]
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Three Reasons to Obtain Tax Debt Relief Immediately
If you are staring at a significant amount of tax debt, it can feel as though you are lugging around a giant boulder each and every day. The weight of significant tax debt is oftentimes a burden that may even break a person’s spirit. Do not let this happen to you. Take action and retain […]
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