The Congressional Budget Office’s new 10-year fiscal forecast includes plenty of headlines: The nearly $2 trillion federal budget deficit will grow to more than $3 trillion in a decade. The national ...

A 70-year-old retiree opens a letter from the IRS and learns his monthly Social Security check is about to shrink. He owes back federal income taxes from years he filed late and never paid in full.

What is a Federal Income Tax Debt? A tax debt is when a person owes income tax to the federal government. Every year, people file tax returns to report their income and the federal taxes on that ...

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion ...

The final “year of death” 1040 could be just the beginning. What estate executors and survivors need to know about retirement accounts, refunds, back taxes, liens and Form 1041. It’s not just ordinary ...

If you're struggling with back taxes, a tax relief company may be able to help negotiate with the IRS to reduce penalties and set up a manageable payment plan.

The U.S. tax system doesn't run on enthusiasm. It runs on consequences — and for most of American history, that's been enough. But as financial pressure builds on taxpayers who are already stretched ...