You filed your return. You were expecting a refund, or at least a normal processing timeline. But instead, the IRS flagged your return and sent you a letter asking you to verify your identity. Or worse, they told you that someone else had already filed using your...
Key TakeawaysNot all tax debts are wiped clean in bankruptcy. Knowing what lingers can protect you from surprise bills. Post-bankruptcy tax compliance is essential. Late filings or missed payments can unravel your fresh start. Your tax refund might be...
Bankruptcy tends to get a bit of a bad rap. You probably picture financial ruin and losing everything. But that’s not always what it means, especially when you’re facing a mountain of tax debt. While you might think your only choice is a rigid payment plan...
Thanks to Michael Scott, we all know confidently that shouting “I declare bankruptcy” into the void won’t make your debt problem vanish into thin air. Well, as it turns out, neither does actually declaring bankruptcy. As long as the IRS is...
We like there to be a “bad guy” in our journey to financial freedom. Someone who we can all jump on as the cause for our financial stress. When it comes to taxes, that’s usually the IRS… and they know it. And I know it too – hence my consistent warnings to my...
In every great heist movie, there’s a moment of misdirection. While one part of the crew distracts the guards, the other slips away with the loot.And lately? It almost feels like the IRS is living out a version of that script. With headlines full of budget cuts,...
