If you were hit with a tax bill that you can't pay out of pocket, you may be able to settle that debt with the IRS.

Understanding which relief option aligns with your situation is crucial for resolving your tax issues effectively.

This isn't always a feasible route to take, however, which is why the IRS offers several alternative arrangements, including: An installment agreement: Setting up an installment agreement is one ...

If your situation is dire — say, you’ve lost your job and are struggling to pay for basic necessities — you can request that ...

Sharon Wu, a senior writer with over a decade of experience, specializes in consumer-focused content covering home and finance topics such as insurance, investments, credit, debt, mortgages and ...

Missing a tax filing deadline can lead to a failure to file penalty, which is usually five percent of the unpaid taxes for ...

With about an hour left to the IRS tax filing deadline, several social media users reported seeing a ‘payment plan submission error’ on Tuesday. With about an hour left to the IRS tax filing ...

A deferred sales trust allows an asset owner to sell highly appreciated property without immediately incurring capital gains tax.

Miss the Tax Day deadline? The IRS says you need to file now to avoid steeper penalties and growing interest. Even if you can ...

The Internal Revenue Service (IRS) logo is seen displayed ... including processing updates and problems with the installment agreement option. Additionally, the tab for searching for charities ...

Taxpayers can also apply online for a payment plan, including installment agreements. Taxpayers due a refund are not subject to penalties for filing late. The IRS said many individuals miss out on ...