Lorraine Cernota

Lorraine Cernota

General social media junkie. Passionate writer. Infuriatingly humble web maven. General writer. Amateur pop culture specialist.

41 Articles Written
How long does debt relief stay on your credit report?

How long does debt relief stay on your credit report?

Debt settlement will remain on your credit report for seven years. This means that during those seven years, your...

What are the different types of tax debt relief?

What are the different types of tax debt relief?

Falling behind on paying state or local taxes is a whole different game. While state and local tax authorities offer debt ...

Does owing the irs ever go away?

Does owing the irs ever go away?

Once a withholding right is created, the IRS generally cannot release it until the tax, penalty, interest, and...

Does irs forgive after 10 years?

Does irs forgive after 10 years?

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt. After that, the debt is erased...

Are there any government programs for tax debt relief?

Are there any government programs for tax debt relief?

It can be a legitimate option if you can't afford. Compromise offer FAQs · Transcript · Appeal your declined offer at.

What is the 10 year rule with irs?

What is the 10 year rule with irs?

Section 6502 of the Internal Revenue Code states that the duration of the collection period after the evaluation of a tax ...

How do i apply for an offer in compromise or an installment plan for my tax debt relief?

How do i apply for an offer in compromise or an installment plan for my tax debt relief?

It can be a legitimate option if you can't afford. Frequently asked questions about the offer in compromise · Appeal...

How do tax debt relief companies work?

How do tax debt relief companies work?

If you pay them a down payment, which can be thousands of dollars, these companies claim that they can reduce or even...

What are the risks associated with tax debt relief?

What are the risks associated with tax debt relief?

Despite their promises, tax settlement services are often expensive, inefficient and high-risk. Alternatively, there are...

How long does it take to get tax debt relief?

How long does it take to get tax debt relief?

Yes, after 10 years, the IRS forgives the tax debt. After this period, the tax debt is considered uncollectible.

Can irs try to collect after 10 years?

Can irs try to collect after 10 years?

Generally, under article 6502 of the IRC, the IRS will have 10 years to collect an obligation starting from the date of...

Can the irs still come after you after 10 years?

Can the irs still come after you after 10 years?

Every tax assessment has a collection statute (CSED) expiration date. Section 6502 of the Internal Revenue Code states...

Is there really an irs tax forgiveness program?

Is there really an irs tax forgiveness program?

The IRS offers a debt forgiveness program for taxpayers who meet certain requirements. To be eligible, you must allege...

Why is a tax relief company calling me?

Why is a tax relief company calling me?

If you get a call from someone who claims to reduce or eliminate your taxes and it sounds too good to be true, it could...

Are there any private companies that offer tax debt relief?

Are there any private companies that offer tax debt relief?

Tax Hardship Center offers various tax relief solutions to individuals and companies, including compromise offers,...

Does the irs forgive taxes after 10 years?

Does the irs forgive taxes after 10 years?

Generally speaking, the Internal Revenue Service has a maximum of ten years to collect unpaid taxes. After that period...

What happens after 10 years of owing the irs?

What happens after 10 years of owing the irs?

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt. After that, the debt is erased...

What is the fresh start program with the irs?

What is the fresh start program with the irs?

If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The program was designed to...

What is the process for getting tax debt relief?

What is the process for getting tax debt relief?

IRS tax debt relief or forgiveness allows taxpayers who owe unpaid taxes to reduce part of their debt depending on their...

How long does it take to get approved for an offer in compromise or an installment plan for my tax debt relief?

How long does it take to get approved for an offer in compromise or an installment plan for my tax debt relief?

If you don't meet any of the minimum requirements, the IRS will return the offer to you without considering it. It...

Why do i keep getting calls about tax debt relief?

Why do i keep getting calls about tax debt relief?

Send unsolicited letters or emails stating that you are eligible for a government plan to help you pay off your tax debt. ...

How do i know if i qualify for an offer in compromise or an installment plan for my tax debt relief?

How do i know if i qualify for an offer in compromise or an installment plan for my tax debt relief?

It's an IRS tax debt relief program that allows you to settle your tax debt for less than the full amount you owe. A...

Are there any fees associated with an offer in compromise or an installment plan for my tax debt relief?

Are there any fees associated with an offer in compromise or an installment plan for my tax debt relief?

It can be a legitimate option if you can't. Frequently Asked Questions about the Negotiated Offer · Appeal your rejected ...

Can i use an irs fresh start program to pay off my tax debt and get relief?

Can i use an irs fresh start program to pay off my tax debt and get relief?

The IRS Fresh Start tax program can help taxpayers who owe much more than they can reasonably afford. Taxpayers who file...

What should i look for when choosing a company to help me with my tax debt relief?

What should i look for when choosing a company to help me with my tax debt relief?

Tax relief firms often employ tax professionals and lawyers to help you with your case. Check out our guide to the best...

What is an offer in compromise and how can it help me with my tax debt relief?

What is an offer in compromise and how can it help me with my tax debt relief?

A compromise offer allows you to pay off your tax debt for less than the full amount you owe. It can be a legitimate...

Are there any other options besides an offer in compromise or an installment plan for my tax debt relief?

Are there any other options besides an offer in compromise or an installment plan for my tax debt relief?

It can be a legitimate option if you can't. Frequently asked questions about the offer in commitment · Transcript ·...

Can i negotiate with the irs for tax debt relief?

Can i negotiate with the irs for tax debt relief?

Apply with the new Form 656.A commitment offer allows you to settle your tax debt for less than the full amount you owe....

Can i use a personal loan to pay off my tax debt and get relief?

Can i use a personal loan to pay off my tax debt and get relief?

Yes, if you owe taxes, you can still qualify for a loan. However, tax debt can increase your debt-to-income ratio, which...

What are the costs associated with tax debt relief?

What are the costs associated with tax debt relief?

The cost of tax debt relief depends on the solutions and services that are required for your specific situation....

Can i file for bankruptcy to get tax debt relief?

Can i file for bankruptcy to get tax debt relief?

Other taxes, such as fraud penalties or payroll taxes, cannot be eliminated through bankruptcy. If you owe back federal...

What is an installment plan and how can it help me with my tax debt relief?

What is an installment plan and how can it help me with my tax debt relief?

A long-term tax payment plan, also called an installment agreement, offers taxpayers who may need more than 180 days to...

What is the irs fresh start program and how can it help me with my tax debt relief?

What is the irs fresh start program and how can it help me with my tax debt relief?

The Fresh Start Program requires that the IRS cannot collect more than a taxpayer can pay. This helps the taxpayer reach...

What is the federal tax relief hardship program?

What is the federal tax relief hardship program?

The federal tax relief program in difficult situations is for taxpayers who can't afford their back taxes. In other...

Why am i getting tax debt relief calls?

Why am i getting tax debt relief calls?

If you get a call from someone who claims to reduce or eliminate your taxes and it sounds too good to be true, it could...

Does freedom debt relief ruin your credit?

Does freedom debt relief ruin your credit?

It helps debtors manage their debt burden and negotiates with creditors on their behalf. Depending on your situation, it...

Can i use an installment plan to pay off my tax debt and get relief?

Can i use an installment plan to pay off my tax debt and get relief?

If you can't pay the taxes you owe before the original due date of your return, the balance is subject to interest and a...

Can i use an offer in compromise to pay off my tax debt and get relief?

Can i use an offer in compromise to pay off my tax debt and get relief?

A compromise offer allows you to pay off your tax debt for less than the full amount you owe. It can be a legitimate...

Tax Relief Programs Offered by the IRS

Tax Relief Programs Offered by the IRS

The Internal Revenue Service (IRS) offers a variety of tax relief programs to help taxpayers who are unable to pay their...

How can i get tax debt relief?

How can i get tax debt relief?

Another tax relief option is available through what is called a compromise offer. This allows you to settle your back...

How often does the irs forgive tax debt?

How often does the irs forgive tax debt?

Yes, after 10 years, the IRS forgives the tax debt. After this period, the tax debt is considered uncollectible.