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TaxPayer Rights

Red folder labeled IRS Debt showing $100K+ tax debt consequences.

What Happens When You Owe $100,000 to the IRS?

Summary: Owing $100,000+ in taxes triggers penalties, interest, liens, levies, and possibly passport restrictions. IRS penalties and interest can escalate quickly, increasing debt significantly if left unpaid. Resolution options include Installment Agreements, Offers in Compromise, Partial Payment Installment Agreements, Penalty Abatement, and Currently Not Collectible status. Ignoring debt increases risks to assets, credit score, and

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How To Choose The Best Tax Relief Company

Summary Choosing the right tax relief company can make the difference between solving your IRS problem affordably and wasting thousands on false promises. In 2025, aggressive marketing and “lead aggregator” firms still dominate the industry — and many taxpayers fall victim to scams. A legitimate tax resolution firm should employ licensed professionals (attorneys, CPAs, or

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Business Tax Liability

Avoiding The Unique Dangers Of A Business Tax Liability

Summary Business tax liabilities significantly differ from individual ones in terms of resolution options, IRS scrutiny, and enforcement risks. As of 2025, IRS streamlined installment plans for businesses cap at $25,000 with up to 24-month repayment, while individuals enjoy more flexibility. IRS TaxCure Offers in Compromise (OIC) approvals dropped—just about 21% in 2024—and require rigorous

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Navigating IRS

IRS Statute of Limitations: How Long Can IRS Collect Tax Debt?

Summary: The IRS typically has 10 years to collect back taxes from the date they’re assessed. This 10-year timeframe is known as the Collection Statute Expiration Date (CSED). The clock can be paused or reset by certain taxpayer actions like bankruptcy or appeals. Partial Payment Installment Agreements (PPIAs) are possible when you can’t pay in

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