Tax Debt Archives - Accel Tax & Business Services

Estimated Tax Penalty Waived for Eligible Filers

More than 400,000 eligible taxpayers whose withholding and estimated tax payments fell short of their total 2018 tax liability will have the estimated tax penalty automatically waived or refunded (if they already paid the penalty) on 2018 returns filed with the IRS. Eligible taxpayers who have already filed a 2018 return do not need [...]

Estimated Tax Penalty Waived for Eligible FilersAccel2019-12-28T21:17:48+00:00

Settling Tax Debt With an IRS Offer in Compromise

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer's tax liabilities for less than the full amount owed. That's the good news. The bad news is that not everyone is eligible to use this option to settle tax debt. In fact, nearly 60 [...]

Settling Tax Debt With an IRS Offer in CompromiseAccel2019-12-28T21:13:11+00:00