Category: tax debt

Will the IRS Negotiate on Back Taxes?

You’ve probably seen those TV ads with companies claiming they can settle your tax debt for pennies on the dollar. The ad shows happy people saying they owed thousands of dollars but only had to pay hundreds. These companies claim to have great negotiating skills. But will the Internal Revenue Service (IRS) really come down…


Government Interest Payments Will Cost Taxpayers More Than $1,300 per Person in 2022–23: Study

Canadian taxpayers will contribute more than $1,300 per person toward government interest payments for federal and provincial debts in the next year, for a total of $68.6 billion, according to a new study. On Feb. 2, the Fraser Institute, a public policy think tank, calculated Canada’s combined federal and provincial interest costs per person for…