For millions of people, tax season is over. They’ve filed their returns and have already received their refunds. And now they’re looking forward to a big purchase or vacation funded with that payment.

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

Failing to pay taxes can lead to several increasing penalties, including interest, wage garnishment and legal action.

Settling your debt can help you resolve what you owe — but it's not a pain-free option. You could owe taxes on what you settle. Many, or all, of the products featured on this page are from our ...

Another stressful tax season has come and gone, much to the relief of taxpayers across the nation. But while the tax filing deadline has passed, that isn't necessarily the end of the tax-related ...

Logan Allec, CPA is the founder, owner, and president of tax relief services company Choice Tax Relief, which serves clients nationwide. For most small business owners, success is typically followed ...

Households are carrying record levels of debt. Balances climbed to $18.04 trillion in the fourth quarter of 2024, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.