While debt settlement can reduce the amount of money you owe creditors, you could be liable for taxes on the canceled debt—but it depends on the type of debt.

IRS Tax Issues During Uncertain Financial Times. Struggling with IRS tax problems? Learn how to manage tax debt, avoi ...

Though you should always start by contacting the IRS directly, you may want to bring in a tax relief firm like Community Tax ...

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 ...

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 ...

Whether you underwithheld taxes on your paycheck or didn't make your estimated tax payments, you might have a surprise bill from the IRS. So when you see how much you owe, you might realize you can't ...

Recently, the IRS sent him notice that he owes $3,000 in taxes because the truck loan that was written off was considered ...

For most small business owners, success is typically followed by a substantial tax bill. Here are five things every owner ...

NEW YORK, July 3 (Reuters) - President Donald Trump's tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s ...