First time 1031 exchange Sorry, This is a long one! So my husband and I have an S corp (general contractor) that had to file a lien on a customers project for non payment. Construction stopped after 3 months of no payment and we were only half finished with the project. The owners said they…
EIDL default…scared and don’t know what to do… I have an EIDL of 130k. Made some payments but it’s become impossible in the last year to keep up. My business is almost non existent at this point and I am now working a part time hourly, minimum wage job. I don’t know what’s gonna happen….
1099 Contractor who did not put money aside for taxes…what to do? Hi all, I was hoping to get some advice from others who have been in a similar situation. I was a 1099 contractor in 2023-2024 and I did not put away money for taxes. I know I should have researched the proper way…
SBA Loan questions… Loan question My wife is applying for an SBA loan for a business in which I hold less than 20% interest. She has a 760 credit score. My credit score is around 580 right now (I know). We’re not in a community property state. Will SBA lenders look at my credit too? Will I be required…
Offer in compromise…what are the odds of getting approved? I am so stressed about our taxes situation. We currently owe 52k. We havent been able to make any payments because omg the economy right now is not good. We’ve been trying to pay our bills but cant catch up. I called the irs today to…
Unsure what to do. No one at the IRS picks up. Very concerned. My wife has a weird situation where she had to file tax return from 2021 and was hit with a penalty and CP14. I believe she is eligible for a first time abatement but when trying to call the IRS no one responds…
I was going through a rough patch and ignored everything. Now, I have a $25k bill from the IRS for taxes I never even filed. I know it’s my fault, but Im freaking out. What should I do? ⸻ What to Do If You Receive a $25,000 IRS Tax Bill for Unfiled Returns Getting a big…
5 Options to Consider if You Owe $10,000 (or More) in Taxes and Can’t Pay the IRS Owing the IRS more than $10,000 can feel overwhelming. You might be worried about IRS letters, wage garnishments, bank levies, or even tax liens that can damage your credit. The good news is you have options — and…
No Money to Pay the IRS? No IRS Documents Required Are you struggling with IRS back taxes but have no money to pay the IRS? You’re not alone. Millions of Americans face IRS tax debt each year and think they’ll need endless paperwork just to qualify for relief. The truth is, with the right help,…
Everything You Need to Know About IRS Tax Forgiveness Programs ⸻ Struggling with IRS Debt? You’re Not Alone. Millions of Americans owe back taxes, penalties, and interest. The good news is that the IRS offers tax forgiveness programs designed to help taxpayers resolve their debt. These programs—often grouped under the IRS Fresh Start Initiative—can make…
