Archive for 'Tax Debt Relief'
Offer In Compromise Help
OFFER IN COMPROMISE HELP Did you know that you can use something known as an Offer in Compromise to settle your tax debt with the IRS? You can use this Offer in Compromise to retire an outstanding tax debt for less than what you actually owe. But what, exactly is an Offer in Compromise? An [...]
Full StoryShould I Declare Chapter 7 Bankruptcy For Tax Debt
Are you thinking of filing for bankruptcy for tax debt? If you are, you’re not alone. Last year—as detailed in a report made by the United States Courts—the number of bankruptcy notices may have increased by about 20%. And the bankruptcy reports in the month of March were higher than they’ve been in eleven months. [...]
Full StoryIllinois Tax Amnesty Program: Visionary
The Illinois tax amnesty program, which ended in November brought the State of Illinois more than $717 million in unpaid taxes Gov. Pat Quinn’s office announced. The Illinois tax amnesty program gave Illinois taxpayers a welcome break by not charging any interest or penalties for previously unpaid taxes as long as you paid them by [...]
Full StoryIRS Tax Appeals and State Tax Appeals
IRS Tax Appeals & State Tax Appeals You’ve received a letter from the IRS stating that you have a tax debt, but you don’t agree with the amount or you don’t believe you owe the IRS anything. If this is the situation you are in, you may want to consider getting a tax attorney to [...]
Full StoryTax Attorneys vs CPA vs Enrolled Agent
Hiring A Tax Attorney Hiring the right tax attorney for your personal or business IRS tax issues is critical. Finding an experienced tax attorney can translate into money for your bottom line. Your goal should be to form a long-term relationship with your tax attorney so you have someone to call any time you need. [...]
Full StoryChicago Bankruptcy Attorneys Help With Declaring Bankruptcy
Declaring Bankruptcy and Eliminating Tax Debt Most Chicago bankruptcy attorneys agree that depending on your situation, declaring bankruptcy might be an option for you and in some cases bankruptcy can help eliminate tax debts. But REMEMBER: Declaring bankruptcy may not discharge all of your tax liability. Caution must be used when considering filing a bankruptcy for your [...]
Full StoryTax Audit Protection – Tax Audit Reconsideration
Tax Audit Protection – Tax Audit Reconsideration The idea of getting audited by the IRS can be very scary, so it is important that you know your rights. You should also be knowledgeable about situations that can cause an auditing of your taxes to take place. If you are worried about receiving an audit notice [...]
Full StoryOffer In Compromise Chicago, Illinois Cook County IRS Form 656
Do you know what an Offer In Compromise Is? Often times taxpayers in Chicago, IL Cook County or nationwide who have IRS tax problems will often find themselves confronted with new IRS tax law terms like “tax penalty abatement” or “offer in compromise”. In this post we wanted to give you the definition of an [...]
Full StoryTax Debt Relief – Real Life Stories
Our clients allow us to use their real names and stories — and they even gave us pictures! — because it is tough to know who’s telling the truth these days. They have done this to help YOU! Please respect their privacy. Here is the story of John Leach who owed $56k and payed nothing! [...]
Full StoryUnfiled Tax Returns
Unfiled Tax Returns In Chicago, Illinois Filing your tax returns is serious business and shouldn’t be taken lightly. If you have an unfiled tax return or years worth of late tax returns, you should immediately get them filed. By not filing late taxes, the IRS can legally attempt to collect the tax debt from you [...]
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