“Taxpayers and tax professionals should remain alert and aware of these common scams to avoid losing money, personal information or client data,” the IRS cautioned. Social media: Fraudulent form ...

CLEVELAND — The 2025 IRS “Dirty Dozen” scam report warns taxpayers that scammers continue to target people who are trying to settle their debts with the agency. During tax season, scammers have ...

For those who cannot pay the full amount they owe in taxes, the Internal Revenue Service allows qualifying taxpayers to settle their tax debt for less than the full amount. This is called an “offer in ...

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

Facing overwhelming tax debt can be daunting, especially with mounting interest and penalties. However, the IRS offers several relief options, including the Offer in Compromise (OIC), which allows ...

If you underpaid your 2024 taxes, you may be in for an unwelcome surprise, including a 0.5% monthly failure-to-pay penalty and 7% interest on the unpaid amount, based on current IRS rates. Plus, the ...