The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Question: We just filed delinquent 2023 tax returns and we owe the IRS $8,000 that we do not have. Can we make a deal with the IRS to pay them off monthly over time? Answer: A guaranteed installment ...

The user fees taxpayers must pay to enter into an installment agreement with the IRS will change on Jan. 1, 2017, under proposed regulations the IRS issued in August. Installment agreements allow ...

When tax debt starts piling up, it can cause significant issues with your finances, especially as the penalties and fees start to accrue. Despite the high cost of delinquent tax debt, millions of ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. What may surprise you, though, is that while the IRS has lots of power ...