How Paying the IRS with a Personal Loan Affects Your Credit Score
Key Takeaways Unpaid taxes do not show up on your credit report: The IRS does not report tax balances or payment plans to Equifax, Experian, or TransUnion. Credit bureaus also…
How To Appeal A Rejected Tax Debt Forgiveness Application
Many individuals, business owners, and self-employed professionals struggle with unpaid tax bills from the IRS. When looking for help, the most common route is submitting an Offer in Compromise, which…
Why You Don’t Need a Tax Debt Relief Attorney for Short-Term Debt
Key Points Short-Term Window: Short-term tax debt is defined by the IRS as a balance you can pay off in full within 180 days. High Debt Threshold: Individuals and sole…
IRS Notice CP02
IRS Notice CP02 and Identity Theft: Everything You Need to Know
The sight of an IRS envelope demanding attention is stressful, but Notice CP02 holds a particular urgency. This notice is a critical administrative step that often signals one of two…
Offer in Compromise
From Pre-Qualified to Approved: 5 Essential Steps After Using the Offer in Compromise Tool
Key Takeaways Getting pre-qualified with the offer in compromise tool doesn’t mean automatic approval; it is just the first step. You’ll need to gather other documents, complete IRS forms, and…
bankruptcy vs offer in compromise
Bankruptcy vs. Offer in Compromise: Which is the Cheaper, Faster Way to Settle Tax Debt?
When your federal tax debt becomes too much to handle, you have two main options for relief: an Offer in Compromise (OIC) or bankruptcy. Both options can help, but they…
The 5 Strict Rules Your Tax Debt Must Meet to Be Cleared by Bankruptcy
The 5 Strict Rules Your Tax Debt Must Meet to Be Cleared by Bankruptcy
When facing tax debt, many U.S. taxpayers look to bankruptcy for a fresh start. But here is a big mistake people often make: treating tax debts the same as credit…
Audit Flag Alert: How Filing Bankruptcy Can Lead to More Scrutiny from the IRS
Filing for bankruptcy is one way to get a fresh start with your finances. When you file, the court issues an "automatic stay." This is a legal order that immediately…
How to check if a property owes back taxes
How to Find Out If a Property Owes Back Taxes
For anyone considering purchasing real estate, especially property at a deeply discounted price, the old real estate adage applies: buyer beware. When a property changes hands, certain financial obligations tied…