All the information you need to make an educated decision
Penalty Abatement
If you do not pay your taxes in full and on time, the IRS applies penalty and late fees to the amount that you already owe. These penalties are added to your account automatically by a computerized system. Sometimes it is possible to have these fees overturned or refunded by submitting a request for penalty abatement.
In order for a request to be considered, you must have an acceptable reason for falling behind in your taxes, such as a death in the family, a natural disaster, or a long period of unemployment. In addition, you must show the IRS a commitment or plan for repaying your debt.
It is very difficult to prove your eligibility for penalty abatement to the IRS without the help of a tax expert. Tax companies in the DebtHelp network can help you request penalty abatement for your unique circumstances.
Potential Consequences Of Obamacare
Three ways the Affordable Care Act can affect your finances.
How will Obamacare affect your finances?The revolutionary healthcare reform may help you dig out of debt
Do you qualify for an offer in compromise?Renegotiating your tax liability can help with debt.
Pay off back taxes with an installment agreementWhy suffer with mounting tax debt? You can make a plan with the IRS to pay your taxes over time and in a way that fits your budget too.
How Refinancing Can Help Your Taxes Now -- And For Years To Come!Some closing costs are tax deductible, which means that your refinance can help you save money on your tax returns for many years to come.
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