Debt Management Vs Debt Settlement: What Suits You Best?
August 26, 2024
The burden of debt can be a real pain, right? We totally feel you! After all, nobody likes payments hanging on their heads like a sword, making everyday life feel like a struggle. As you search for a way out, you might have come across two popular debt relief options: debt management and debt settlement. …
Offer In Compromise Payment Estimator
August 24, 2024
How Much Might You Pay With An Offer In Compromise? Use the calculator below to estimate your payment. Please answer the following questions and then click “Estimate Payment”: Offer in Compromise (OIC) Qualifying Calculator Monthly Income ($): Monthly Necessary Expenses ($): Asset Equity ($): Number of Dependents: Current Amount of Tax Owed ($): Calculate Offer…
Chapter 11 Payment Calculator
August 24, 2024
What Would Be Your Payment With Chapter 11? Use the calculator below to estimate your payment amount and number of months. Please answer the following questions and then click “Estimate Payment”: Chapter 11 Payment Estimator (3-Year Plan) Total Debt ($): Annual Interest Rate (%): Calculate Payment Estimated Monthly Payment: $0.00 Are you comfortable with the…
What Is Injured Spouse Relief? Injured Spouse vs. Innocent Spouse Relief
June 30, 2024
Navigating tax responsibilities as a married couple filing jointly can have significant implications, especially when one spouse’s financial obligations affect the other’s tax refund. This article is about what is the Injured Spouse Relief and delves into the critical distinctions between Injured Spouse vs. Innocent Spouse Relief, two IRS provisions designed to protect spouses from…
What Is Imputed Pay: What It Means And Why It Matters
June 26, 2024
In the realm of taxation and employee benefits, understanding what is imputed pay and imputed income is crucial. Imputed pay refers to non-monetary benefits provided by an employer to an employee, which are considered taxable income by the IRS. These benefits, although not received in cash, are valued and added to an employee’s overall compensation…