The most frequently asked tax relief questions, ranked by popularity.
What is an Offer in Compromise?
An Offer in Compromise (OIC) lets you settle your tax debt with the IRS for **less than the full amount** you owe. ## W
What happens if I do not file my taxes?
Not filing your taxes can lead to serious consequences. ## Penalties ### Failure to File Penalty - **5% per month** of
Can the IRS garnish my wages?
Yes, the IRS can garnish (levy) your wages if you have unpaid tax debt. ## How IRS Wage Garnishment Works The IRS can
How do I respond to an IRS notice?
Getting a letter from the IRS can be stressful, but most notices are routine. ## Step-by-Step ### 1. Do Not Panic Most
How do I get IRS penalties removed?
The IRS may remove (abate) penalties in certain situations. ## First-Time Penalty Abatement (FTA) The easiest method.
How do I stop an IRS bank levy?
An IRS bank levy freezes the funds in your bank account and sends them to the IRS after **21 days**. ## How It Works 1
How long can the IRS collect back taxes?
The IRS generally has **10 years** to collect unpaid taxes from the date the tax was assessed. This is called the Collec
How do I set up an IRS payment plan?
Setting up an IRS payment plan (installment agreement) is one of the most common ways to resolve tax debt. ## Types of
Can I discharge tax debt in bankruptcy?
Some tax debts **can** be discharged in bankruptcy, but strict rules apply. ## Requirements for Discharge (Chapter 7)
How do I stop or remove an IRS tax lien?
An IRS tax lien is a legal claim against your property when you fail to pay a tax debt. ## Lien vs. Levy - **Lien**: A
What should I expect during an IRS audit?
An IRS audit is a review of your tax return to verify that your income and deductions are accurate. ## Types of Audits
What is Currently Not Collectible status?
Currently Not Collectible (CNC) status is an IRS designation that **temporarily halts** all collection activity on your
Can I settle my tax debt for less than I owe?
Yes, the IRS has a formal program called an **Offer in Compromise** (OIC) that allows you to settle tax debt for less th
What is innocent spouse relief?
Innocent spouse relief protects you from being held responsible for tax errors or fraud committed by your spouse on a jo
what is the irs website
{"answer":"The official IRS website is **irs.gov**. This is the U.S. government's official tax website where you can fin