First, your business debt has nothing to with a personal inheritance. Second, so long as the installment agreement is active and you do not...

If the contract states you are to receive services in exchange for compensation, and you fulfilled your side of the bargain (so to speak), you can...

If the debt hasn't been assessed yet, there is no debt. You are in a proposal stage via the N.O.D. Thus, you can't be delinquent on a Federal debt...

He can pay down his assessed IRS balance to $25,000 (or below), enter into a repayment plan via direct-debit from a bank account not to exceed 60...

If this 1099 issue is related to the current year, you can file a tax return with a statement alluding to the 1099 income issue (and why such...

Tax on selling my main residence?

I assume you mean that you claimed a home office deduction on the Schedule C; that shouldn't impact the fact that you satisfy the IRS rules with...

Do I pay tax when someone sends me crypto??

It sounds as if she is sending you cash so you can hold it on her behalf; she isn't relinquishing title to the cash. Thus, it is not a gift. It...

Since you live in IL, I assume you owe IRS and the Illinois Department of Revenue. There are programs available with each entity with respect to...

If you are a sole proprietorship (with or without an EIN, which is what I assume you meant by Taxpayer ID#), you must file a Schedule C on your...

Assuming the liability is correct, you can attempt to reduce certain penalties via a penalty abatement request. You can also seek a hardship...