Tax settlement firms claim to employ experts such as former IRS employees who will go to bat for their clients. In fact, the IRS rarely accepts any proposal to reduce the amount of tax owed.

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 ...

Unpaid tax debt can quietly drain your finances and your peace of mind. Here are the hidden costs to watch for.

Clear Start Tax Explains Why Not Everyone Qualifies for IRS Fresh Start, and What It Really Takes to Settle Tax Debt for Less ...

Clear Start Tax Outlines the Key Documents Required for IRS Fresh Start Eligibility and Why Incomplete Files Often Lead to ...

N ot all that long ago, I received a text out of the blue offering to help me address those nasty "back taxes." I soon deleted it, knowing I don't have any old tax debt hanging over my head.

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.