The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Question: We just filed delinquent 2023 tax returns and we owe the IRS $8,000 that we do not have. Can we make a deal with the IRS to pay them off monthly over time? Answer: A guaranteed installment ...

Seniors on a fixed income can find relief from tax debt through various IRS programs. Find out more about these opportunities ...

Receiving a notice from the Internal Revenue Service (IRS) about unpaid taxes can trigger feelings of fear, no matter what your original balance is. After all, the combination of the original tax ...

The Internal Revenue Service (IRS) has emphasized the critical need for taxpayers who have missed the federal tax filing and payment deadlines to act quickly. Failing to address tax debts promptly can ...

If you missed filing your tax return by April 15, 2025, due to insufficient funds, the IRS advises requesting an extension until October 15. This allows you to file your return, pay as much as ...

IRS Tax Issues During Uncertain Financial Times. Struggling with IRS tax problems? Learn how to manage tax debt, avoi ...

The user fees taxpayers must pay to enter into an installment agreement with the IRS will change on Jan. 1, 2017, under proposed regulations the IRS issued in August. Installment agreements allow ...

If you owe taxes but can’t pay, the IRS still expects you to file or request an extension by April 15. Filing without paying in full is better than not filing at all – penalties start immediately for ...