Tag Archives for " eliminating debt "

Choosing to File for Financial Hardship

  • January 10, 2020

When you're dealing with financial hardship, just making ends meet throughout the month is a challenge, and it's likely you wouldn't be able to add another payment into your budget. That said, when you

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Misperceptions & Mistakes About IRS Offer in Compromise

  • December 18, 2019

The IRS Offer in Compromise program is a terrific opportunity for taxpayers to get a fresh start by wiping away their tax debt.  However, it is not without its drawbacks. There is a lot of misinformation

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Is an Offer in Compromise Right for You and Your Situation?

Offer in Compromise (“OIC”) is a program developed and run by the IRS allowing taxpayers to settle their tax debt for less than the full amount they owe. This is a useful program to look into if you

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Deducting Mortgage Interest in 2018

The deduction is still there, but you might not be able to use it anymore. One of the most popular and lucrative tax breaks has been the deduction for mortgage interest, and while tax reform didn’t

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Some Key 2018 Tax Law Changes (for Business & Employers)

The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three decades, so millions of Americans are wondering which tax breaks they’ll still be able

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Offering Trust Fund Recovery Service can Enhance Your Practice

Trust Fund Recovery Penalty (or TFRP) resolution is a very important part of any tax problem resolution practice, and it can mean a lot of extra income for any CPA practice offering this service – there’s

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What Should You Do with Your Tax Refund?

  • May 18, 2018

So you already filed your 2017 taxes and you’re getting a refund. Congratulations! The average, according to the IRS, is more than $3,000, which is a mini-windfall of sorts. Maybe you’ve been eyeing

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