According to a report, the Internal Revenue Service imposed $7 billion in tax penalties last year—almost four times the $1.8 billion it assessed in 2022 following the Biden administration’s swollen agency ranks. According to The Wall Street Journal, most of the...
When you owe the IRS a sizable debt, the worry you experience can seem to be surmounted. Penalties and interest keep piling on the debt; it can feel as though there is usually no way out. Many times, people would think of bankruptcy as their sole choice for recovery;...