Tag Archives: Tax Debt
Traveling Abroad With Tax Debt
Last year, Congress passed a new bill, H.R. 22, which limits a taxpayer’s ability to travel if he or she owes a certain amount of tax debt. This law could have a significant impact on a person’s business and personal life, so if you or a loved one owe a tax debt and need… Read More »
Reducing Tax Debt with Penalty Abatement
Owing back taxes to the Internal Revenue Service (IRS) can take a significant financial and emotional toll on taxpayers and their families, especially if the IRS begins garnishing wages or imposing levies. Fortunately, there are options available, such as penalty abatement, that can help taxpayers manage their debt. Only qualified individuals can apply for… Read More »
