IRS PENALTIES AND HOW TO GET RID OF THEM

IRS Penalties can be the most frustrating part of an IRS Debt. Most people want to pay the tax debt if they can find a way to do it…but the penalties, which can reach almost 50% of the overall debt amount, are just deflating. They feel like pure punishment, and they are. Understanding them and how they can be reduced or eliminated legally is the first step in getting rid of them.

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BANKRUPTCY AND IRS DEBT

Misconceptions abound.  The one we hear the most is the misconception that the bankruptcy code can't help you deal with IRS Debt.  If you suffer under this misconception, just know that not only can you discharge IRS tax and penalty if your situation is right. If it’s right…the law REQUIRES that income tax and other non-trust fund type tax debt be discharged as a personal obligation.

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