The IRS penalties on unpaid tax debt can be as high as 5% per month (up to 25% in total), after all, so it doesn't take a lot of time, or a massive balance, for what could have been a manageable ...

Drowning in credit card debt? Debt settlement could help, but the trade-offs might cost you. Here's what to know.

If a taxpayer is unable to afford their complete tax debt, they may be able to make a compromise for a lower amount due. A ...

Clear Start Tax Explains Why Not Everyone Qualifies for IRS Fresh Start, and What It Really Takes to Settle Tax Debt for Less IRVINE, CA / ACCESS Newswire / June 20, 2025 / The IRS Fresh Start Program ...

The IRS penalties on unpaid tax debt can be as high as 5% per month (up to 25% in total), after all, so it doesn't take a lot of time, or a massive balance, for what could have been a manageable ...

So, if you're unable to afford your tax bill and need to settle it, it's critical to know how you can do that in 2025. Find out how to start settling your IRS tax debt today .

With bankruptcy, the amount of debt that you repay is set by law and not up for negotiation. You must disclose all of your ...

Amounts forgiven through debt settlement may be taxed as income by the IRS. An IRS worksheet shows how to avoid paying taxes on debt settlement when you're insolvent. Taxpayers who are insolvent ...

When you have past due debts, you may be looking for solutions to pay it off or help avoid a creditor lawsuit. Paying off collectors in full is one option, but you may also consider settling ...

If a debt settlement company gets some of my balance forgiven, do I have to pay taxes on it? Yes, any forgiven debt above $600 is considered taxable income and needs to be reported to the IRS.

The IRS penalties on unpaid tax debt can be as high as 5% per month (up to 25% in total), after all, so it doesn't take a lot of time, or a massive balance, for what could have been a manageable ...