Tag Archives: Back Taxes
Reducing Tax Debt with Penalty Abatement
Owing back taxes to the Internal Revenue Service (IRS) can take a significant financial and emotional toll on taxpayers and their families, especially if the IRS begins garnishing wages or imposing levies. Fortunately, there are options available, such as penalty abatement, that can help taxpayers manage their debt. Only qualified individuals can apply for… Read More »
Filing For Innocent Spouse Relief
It is a common practice for married couples to file joint tax returns, primarily because filing jointly provides certain benefits. However, by filing together, both individuals risk later being held legally responsible for the entire amount even if the couple goes through a divorce or if one spouse earned most of the income. Fortunately,… Read More »