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Tax Payments

Can Interest Be Waived On Late Tax Payments?

If you fail to pay your taxes on time, the IRS assesses penalties and interest. There are a number of โ€œreasonable causesโ€ listed in the IRS manual for penalty abatement. These include ordinary business care and prudence, undue hardship, and poor professional advice. Interest abatement (having the interest on your late tax payments forgiven) is […]

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What You Need To Know About IRS Installment Agreements

Many taxpayers who owe a substantial debt to the IRS are unable to pay it all in one lump sum. To help individuals get back on their feet, the IRS offers the option to pay your debt in monthly installments over time. However, there are some conditions. First, to qualify for an installment agreement, you

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