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Prepaid Debt Cards And IRS Tax DebtThere are many reasons to take advantage of prepaid debit cards. For starters, such cards can be used at almost any online store as well as brick-and-mortar locations. For those looking for a convenient way to pay bills, make purchases, transfer money and more, prepaid debit cards come with these advantages.Since these types of cards are not in any form of a typ
IRS Debt Relief ProgramThe IRS is well known for pulling strong-arm tactics on those who do not pay their taxes, but to be honest, they do have a softer side for those who have a legitimate reason for being late with their payments. To make it easier for you the taxpayer, as well as the IRS, they have developed programs for you to use, to get your tax payments back on track again, and in their go
What do you do when there is an invalid charged-off debt?It’s nothing new to hear or see a dispute between the tax payers and the IRS. Of course, there are quite a few reasons behind the disputes, but most commonly these disputes involve examination and/or collection issues and also the different interpretations of tax law. The IRS reporting a charged-off account on the credit report also proves
The much awaited tax reform has at last arrived to reduce the tax code’s bias for debt. As per the recent announcements, the U.S. corporate tax rate may reduce to 25% from 35%. The non-financial corporations will be allowed a deduction of nearly 65% of their gross interest expense, whereas the financial corporations will be allowed a deduction of up to 79%. Some special rules and regulations have
According to a recent study initiated by Sun Life, 65% of 1299 people surveyed in Canada, weren’t happy with the way they were handling their personal finances in the year 2012. Among them, 25% wished to do something about it and rest had adopted a strongly pessimistic approach towards their debts. With the gaining momentum of the firms that helped people negotiate their multiple liabilities and
The Debt Ceiling CrisisThe Senate has agreed to put off debt ceiling. Yesterday, the Senate voted to approve a measure that suspends the U.S. debt ceiling which translates to our country being able to at least temporarily pay bills.However, two amendments touted by Republican Sen. Rob Portman (Ohio) were voted down by Democrats who control the Senate. These were supposed to stop some of the chaos
Tips to Settle Your Tax Debt on Your OwnWant to settle your tax debt on your own? Here are few tips for you.Very first tip is to keep very clear communication; always keep IRS well informed about your current situation. Give them a clear picture of things that you have in hand. This could help them in getting things in place for you.Next is, get a professional to hold the IRS, once that you have
How to Settle Tax Debt for LessIf you wish to settle down tax debt for less than there is only one common way to do so: simply with an offer in compromise; which means the IRS will agree to let you reimburse less than the actual amount to you want to pay. Though you can settle your tax debt for less, it is essential to bear in mind that you might not meet the criteria for an offer in compromise.

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