The following is a list of the most common legal ways to deal with large IRS tax debt. Some are obvious, some are difficult and require extensive planning and some only work best in combination with another option.

Despite the…

In most bankruptcy cases, a powerful tool called the “automatic stay” comes into existence the moment the case is filed. This “stay” prevents almost every type of debt collection from continuing. A home foreclosure, car repossession, and garnishments…

Creditors like to issue 1099-c documents if they’ve worked out a settlement and decided to forgive the debt entirely. Creditors also issue 1099 forms when bankruptcy is filed and it discharges the obligation to pay the debt. These forms also…

In September of last year, the IRS issued a notice indicating an intent to use private debt collection services. This is going to become reality when the collectors begin handling old accounts within a few months.

The IRS will send…

If you own a business and that business has value, many people would assume that it should be included as an asset in calculating the amount of settlement. As a result, many offers are calculated much higher than they should…

When the IRS is owed more than $10,000.00, it will record a notice of federal tax lien in the County in which you or your real property are situated. It will do this unless you’ve arranged a streamlined installment agreement…

Just because you are in an IRS Installment Plan with the IRS doesn’t mean that your work is done. One of the common questions I get is “why did the IRS terminate my installment plan?”.

The following are the most…