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What else can I help you with?
Where can one find more information on a tax debt negotiation?
One can find information on tax debt negotiation online on sites such as Tax tiger, Tax Shield, IRS Hitman, and Credit. One may also look at local attorneys who specialize in tax debt.
What is a tax debt loan?
A tax debt loan is a loan used commonly for business owners. Business owners have to pay more taxes than average workers, and sometimes they need a loan to pay off extra taxes. It's sometimes needed because a small amount of unpaid taxes can quickly accumulate into a large debt.
Where can one find information on tax debt solutions?
One can find information on tax debt solutions by consulting some online articles. For example, the IRS tax website has some information on the topic which may be a good starting point.
Is the repayment of debt outstasnding tax deductible?
No. Just like the receiving of the loan was not taxable.
Can personal loan show as tax benefit?
Loans basically have no tax efffect. The loan is a trade of $ (or value) for the obligation/debt to pay it. Someone is worth not one penny more, or less, after borrowing money than before. Certainly SOMETIMES the expenses and the interest (the costs of the loan), can have a tax effect, most normally in a business situation.
Where can one find information on dealing with a state tax debt?
Information on dealing with state tax debt, and the help that is available can be found on websites such as TaxDebtHelp or TotalTaxLawyer. As with any debt, it is always considered best to share any concerns that one may have.
Where could I find out about a tax refund loan?
A tax refund loan is a loan that is provided to you until you receive your tax refund. You can pursue this option if you have done your taxes and are expecting a refund.
How can I write off bad debt from a personal loan?
To write off bad debt from a personal loan, you can claim a deduction on your taxes by reporting the debt as a loss on your tax return. This can help offset your taxable income and reduce the amount of taxes you owe.
Can the IRS take you tax refund if you have a defered student loan?
If it is in deferred status, they will probably not take your tax refund. If your student loan is delinquent, then they will be seize your refund and put it toward your debt.
How can you stop a car loan company from taking your tax refund?
I have never seen a case where a private company of any kind can put a lien on someone's Federal Income Tax Refund? Usually the only groups that can put lien on a Tax Refund would be a government related debt like state or city taxes, student loan debt, food stamp or social security overpayments, etc.
What are facts on mortgage debt forgiveness?
If a debt is cancelled by a mortgage company one may still have to pay tax on that amount. If the debt was an income on a main home then one may be able to have this excluded from tax payments although the maximum amount is $2 million. One can find further information on the IRS website.
Am I eligible for tax debt forgiveness?
It is possible but one can't know for sure without taking a look at your debt. You would have to consult with the IRS to find out your eligibility status.
