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Many married couples file joint tax returns, which means they share responsibility for any tax debt. But what happens when one spouse is unaware of tax errors or dishonest financial decisions made by the other? The IRS provides a way out through Innocent Spouse Relief. Understanding Innocent Spouse Relief This program allows qualifying taxpayers to be released from tax…
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…
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