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Tag: tax

When Will the IRS Forgive Tax Debt?

tax debt

The IRS does offer tax debt forgiveness options that settle your tax debt for less than what you owe. However, eligibility for these programs is based on your financial situation, so not all taxpayers will qualify. Offers in Compromise The Offer in Compromise (OIC) program provides tax debt forgiveness if your offer is accepted and… Read more »

My Spouse Screwed Me Over….Now What?

Making a Case for IRS Innocent Spouse Relief We have tried to drill it in hard that when you sign a return, you are responsible for everything that is on that return, regardless of who prepared it.  So it should come as no shock that the same applies for a joint return with your spouse…. Read more »