The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...

Logan Allec, CPA is the founder, owner and president of tax relief services company Choice Tax Relief, which serves clients nationwide. Every day, my staff and I interact with business owners burdened ...

Logan Allec, CPA is the founder, owner, and president of tax relief services company Choice Tax Relief, which serves clients nationwide. For most small business owners, success is typically followed ...

Many taxpayers with outstanding tax debt will soon have an opportunity to participate in an “expedited” tax-debt compromise process with the South African Revenue Service (Sars). The compromise will ...

Senior tax debt can feel like a heavy burden, especially when you're on a fixed income. Fortunately, the IRS offers several ways to reduce or even eliminate what you owe. Here is how seniors can use ...