irs-audit-triggers

What Can Trigger an IRS Audit?

While nearly 150 million federal tax returns are filed each year, the IRS audits less than 1% of them. However, for those that do get caught in the government’s crosshairs, the audit process can be long and costly.

chapter-11-bankruptcy

What is a Chapter 11 Bankruptcy?

A reorganization typically used by companies to continue operating a business and repay creditors through a court approved plan…

filing-for-bankruptcy

What is Chapter 13 Bankruptcy?

A debt reorganization for individuals with a regular steady source of income…

couple-worried-money-issues-bankruptcy

What is Chapter 7 Bankruptcy?

A liquidation bankruptcy that allows most individuals to complete get rid of their unsecured debt such as credit card debt, medical bills, old utility bills, and old apartment leases…

irs-partial-pay-installment-agreements

What are IRS Partial Pay Installment Agreements?

Taxpayer will still owe the debt but will have a smaller monthly payment based on ability to pay, which could help taxpayer stay in good standing…