Articles Posted in Offer In Compromise

Taxes are the duty of every responsible citizen. However, there are times when people fall behind on their due taxes because of various reasons. There are some who are faced with an emergency medical issue, death in the family, divorce, economic hardships, job loss or plain tax evasion among many reasons.

Whatever the reason, an outstanding tax balance is never excused that immediately. It can definitely add to anyone’s worries. When tax debt piles up, your financial situation only worsens because penalties and interest will increase your total liabilities.

The Gravity of Unpaid Taxes