In part of its efforts to get more money faster and be more taxpayer-friendly, the IRS has finally brought its Installment Plan Agreement online. The OIA is not to be confused with the OIC, the Offer in Compromise, which lets you apply to reduce the total tax due because it is not your debt or…
If you’ve been following along, the changes that have been made to the IRS in this tax year have not been kind to taxpayers. Application fees are on the rise, often by more than $100. Penalties are being kicked up. Private debt collectors have been retained to knock lose a few more dollars from taxpayers. The…
Matter, that is. The IRS has announced that, within the next few weeks, it will turn over thousands of taxpayer accounts to three private companies for debt collection (slated to increase to ten companies by 2008). These accounts are those with outstanding amounts owing of $25,000 or less. Ostensibly, the idea for this move towards…
You can’t turn on the TV lately without seeing those ads from so-called “debt counseling” services that offer to reduce or eliminate your credit card debt by consolidating your debt, among other plans. Often, those services included significant fees for “helping you” with your debt. Income to the companies that run those gigs? Of course…