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.

The IRS taxes most lawsuit settlements, and exact wording matters if you are trying to avoid that grim result. ... NCA reported it as capital gain on its taxes, but the IRS pushed back hard.

Caterpillar Reaches Settlement With IRS in Back-Taxes Dispute "We have been cooperating with the government in its review of the issues and are pleased to have reached this resolution with the IRS ...

Most employment settlements involve some wages for back pay, front pay, or both. that meant withholding and an IRS Form W-2. ... It can seem like how the IRS taxes settlements is unfair.

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 ...

Many tax settlement firms claim they can talk the IRS out of wanting its money. Here's how to avoid falling victim to a scam. ... If you owe back taxes to the IRS, ...

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.

The IRS said the entire $175,000 settlement was income, with a itemized deduction of $73,500 for the fees. Ms. Holliday claimed that the settlement proceeds were a nontaxable return of capital she ...

If you owe back taxes to the IRS, you might be tempted to enlist the help of one of the many tax settlement companies out there that promise to settle your debt. ... Tax settlement firms.

Chris Tucker and the IRS have finally reached a deal. According to The Hollywood Reporter, Tucker will pay $3.6 million to cover back taxes he incurred in 2002, 2006, 2008, and 2010. The deal ...

Caterpillar Reaches Settlement With IRS in Back-Taxes Dispute Photographer: David Paul ... The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties, ...