We’ve been together for 5 yrs, but he has fed student loans that are being garnished, I have 3 kids, own the house, both our names are on the vehicles and at the end of the yr, I get a decent tax return that we practically live off of, we just want to make sure [...]
Posts under ‘settle tax debt’
How can I get a debtor to remove a settled debt off credit report?
I filed my taxes today and included a 1099c form for a credit card debt of $10,107. Now that this debt is paid, how can I get the credit card company to remove this from my credit report so my credit score can go up. All of my bills are paid on time and [...]
Why does the government settle tax debts for pennies. What about all us people who pay our taxes in full?
I pay all my taxes every year. Always have. But some people earned more money than they could afford and ran up huge tax bills which they now say they cannot pay. The government and the IRS apparently have programs to reduce the amount of taxes there people owe. HOW IS THAT FAIR TO THE [...]
how can i settle tax debt with the IRS s for less?
You can request an Offer in Compromise(OIC). When you file an offer in compromise, you are asking the IRS to accept a fraction of what you owe on your taxes and to write off the rest of your debt. IRS offer a do-it-self kit free. Here is the link:
http://www.irs.gov/pub/irs-pdf/f656.pdf…
Zhicheng Lai
Enrolled Agent in MD
addthis_url [...]
Need Tax Debt Help? Check Out the Tax Defenders
http://www.TaxDebtHelpOnline.com Tax Debt Help Settle Tax for Less Than You Owe
Duration : 0:1:39
addthis_url = ‘http%3A%2F%2Fwww.taxcuresreviews.com%2Fsettle-tax-debt%2Fneed-tax-debt-help-check-out-the-tax-defenders’;
addthis_title = ‘Need+Tax+Debt+Help%3F+Check+Out+the+Tax+Defenders’;
addthis_pub = ”;
Technorati Tags: debt, free, help, IRS, tax
Credit card debt and 1099c forms. Once you file taxes will your credit card debt with company be gone?
I recieved a 1099c form from a credit card company for a settled credit card debt. The amount is for $10,000. I only make $31,000 per year. Will I end up owing on taxes due to being in a different tax bracket?Will the debt finally be gone?
Yes, you owe taxes on the $10,000 settled debt. [...]
How likely is it that an OIC will be approved?, interview with Springer Jones, Enrolled Agent
In the past, the chances of acceptance were poor-only about one in four. The odds of settling with the IRS are now far better because the IRS has liberalized its OIC policies. Taxpayers and their advisors, in turn, have also become more realistic in their offers to the IRS. A realistic OIC now stands an [...]
Will the IRS settle the debt you owe?
Like if you have about 10,000 worth of taxes to pay over the last 2 years and no money to pay, will they settle it for a lower amount if you get a smaller loan that you can afford?
If you are unable to pay your liability in full now or ever and IRS agrees, you [...]
Debt Becomes Income, IRS Wants an Increased Tax Pay?
I had a compounded credit card debt in the past that was settled with a collection agency. The IRS wanted me to pay an increased tax because of my debt that I have cleared. They claimed it was an income. How so? How can I not claim debt as an income? Especially, when the bigger [...]
How long does an OIC take?, interview with Springer Jones, Enrolled Agent
Generally, you must allow 6-12 months for an Offer in Compromise. If your case gets rejected and is taken to Appeals, it could take longer. But, no matter how long it takes, the IRS can often suspend all collection activities.
http://www.getirshelptoday.com
Duration : 0:3:17
addthis_url = ‘http%3A%2F%2Fwww.taxcuresreviews.com%2Fsettle-tax-debt%2Fhow-long-does-an-oic-take-interview-with-springer-jones-enrolled-agent’;
addthis_title = ‘How+long+does+an+OIC+take%3F%2C+interview+with+Springer+Jones%2C+Enrolled+Agent’;
[...]