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Dealing with overwhelming tax debt can feel impossible, but there’s a way to settle for less than what you owe. The IRS’s Offer in Compromise (OIC) program is designed to help eligible taxpayers pay a reduced amount and move forward financially. How Does an Offer in Compromise Work? The IRS evaluates each OIC application individually, considering factors such as: Your…
If you owe back taxes or are dealing with IRS penalties, you’re not alone. Many people in Westport, CT, struggle with tax debt, unfiled returns, or aggressive IRS collections. The good news is that tax relief services can help you navigate these challenges and find a solution that works for you. What is Tax Relief? Tax relief refers to programs and strategies…
Receiving an LT11 notice from the IRS is a serious matter. This letter warns that the IRS is preparing to take collection actions against you, such as levying your bank account or garnishing your wages. Understanding the implications of the LT11 and responding appropriately is essential to safeguarding your assets and financial well-being. What Is the LT11 Notice? The…
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