Blogs

The IRS Fresh Start Program helps taxpayers who owe up to $50,000 in back taxes settle or restructure their debt through options such as installment agreements, Offers in Compromise, or penalty abatements. In 2025, it remains one of the most accessible relief frameworks for individuals and small businesses facing financial hardship.2025 UpdatesThe IRS Fresh Start...

An IRS Offer in Compromise (OIC) allows eligible taxpayers to settle their federal tax debt for less than the amount owed if full payment would cause financial hardship. In 2025, strict rules and digital tools make success possible for those who qualify; however, careful preparation is still required. The application fee is $205, unless it...

Quick AnswerTo set up an IRS installment agreement, gather financial details, select a suitable plan, and apply via the IRS Online Payment Agreement tool—or submit Form 9465 (with Form 433-F if needed) by mail or phone.2025 Updates2025 IRS Installment Agreement Changes:Simplified Installment Agreement lets you pay up to $50,000 in tax debt over 10 years....

Facing a tax bill from the IRS can be a daunting experience, but it’s a situation that many Americans encounter. The key is not to panic or ignore it. The IRS has multiple structured programs designed to help taxpayers manage and resolve their debt. Taking proactive steps can save you a significant amount of money,...

Navigating the world of taxes can feel complex, but understanding key deductions can lead to significant savings. One of the most valuable but often misunderstood areas is medical expense deductions. These deductions provide crucial tax benefits for medical expenses, allowing you to lower your taxable income and potentially increase your tax refund. If you’ve faced...

The Earned Income Tax Credit (EITC) is a vital federal tax break for low- and moderate-income earners—helping millions of working Americans keep more of what they earn. If you wonder whether your household qualifies, how much you could get, or how to maximize your credit, this comprehensive guide will answer your questions and help you...

The Child Tax Credit is one of the most significant financial lifelines for families in the United States, offering essential support as the cost of raising children continues to climb. In recent years, especially in the wake of the pandemic and amid persistent inflation, this credit has become even more crucial. For millions of parents...

Are you leaving money on the table during tax season? Every year, millions of Americans miss out on valuable tax savings simply because they don’t fully understand the difference between tax credits and tax deductions. While both can lower your tax bill, knowing how each works—and how to maximize them—can lead to significant savings.This article...

Tax deductions play a crucial role in reducing your tax liability by allowing you to subtract certain expenses from your taxable income. By taking advantage of these deductions, you can significantly lower your IRS tax bill, which can lead to substantial savings. However, many taxpayers miss out on valuable deductions due to a lack of...

Tax filing is a critical annual obligation for individuals and businesses in the United States. The Internal Revenue Service (IRS) provides two primary methods for submitting tax returns: electronic filing (e-file) and paper filing. Both methods have advantages and disadvantages, making it essential for taxpayers to choose the one that best suits their needs.The importance...