How to qualify for IRS tax forgiveness, according to experts Tax problems rarely resolve themselves and often compound over time. "In my experience, if you owed last year, then you'll probably owe ...

Navigating the IRS' tax forgiveness programs typically requires an understanding of the eligibility criteria, repayment terms and potential alternatives — information that the average taxpayer ...

This express podcast episode with transcript highlights recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter requesting penalty relief from the IRS, and more.

One-time forgiveness, officially known as First-Time Penalty Abatement (FTA), is an IRS program that allows qualified taxpayers to have certain penalties removed from their tax accounts.

Even if you enroll in a tax forgiveness program, you may face additional fees, interest and penalties that can add to your debt. For example, an offer in compromise requires a $205 application fee.

One-time forgiveness, officially known as First-Time Penalty Abatement (FTA), is an IRS program that allows qualified taxpayers to have certain penalties removed from their tax accounts.

The IRS has 10 years from the date of assessment to collect a tax. "We've seen millions of our clients' tax debts written off due to the IRS's collection statute expiring," Allec says.