CINCINNATI (WKRC) — The IRS has resumed its efforts to collect tax debt for the first time since the COVID-19 pandemic, leading to increased financial stress for many individuals. It has been noted ...
Tax season might be over, but for millions of Americans, the stress lingers due to having overdue tax debt with the Internal Revenue Service (IRS). Part of the issue is that sticky inflation, high ...
If you have outstanding tax debts, the Internal Revenue Service (IRS) might be ramping up efforts to collect what you owe. The IRS has powerful collection tools, such as garnishing your wages or ...
IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. During a shutdown, the IRS typically scales back staffing ...
Confronting a tax debt and dealing with the IRS can be an incredibly stressful situation for anyone. However, it's crucial to understand that the IRS provides several options if you find yourself ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...