You’re eligible to apply for an offer in compromise if you: Are not currently in a bankruptcy case Filed all the required ...

Some charge a flat fee, while others have hourly or monthly rates. Tax relief companies are a form of debt relief companies and come with the same caveat: There are many legitimate ones ...

Owe the IRS this year? Thankfully you have several options to pay off your tax debt without breaking the bank. Read on to ...

You'll probably receive a Form 1099-C, Cancellation of Debt ... With those fees and the increased tax liability, a debt relief company will need to get your creditor to lower your balance ...

Form 1099-C documents the cancellation of debt. If your debt was forgiven ... From 2002 to 2021, the Health Coverage Tax Credit provided relief to taxpayers receiving Trade Adjustment Assistance ...

The good news is that there may be ways to do that. What many people don't realize is that the tax code includes various ...

Optima Tax Relief does not publish if it has a tax debt minimum. Its consultation intake form allows potential clients to select a tax debt range of $0 to $9,999. Optima Tax Relief is a legitimate ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat into your debt settlement savings or even wipe it out altogether. It's ...

Filing for bankruptcy could be a smart move in certain cases, but in others, debt relief could make more sense.