Got IRS Debts? Why You Should Fix Your Student Loans First

If you have IRS income tax debts, you should consider working out a repayment plans for your Federal student loan debts first. Fresh Start Initiative In 2012, the IRS issued another phase of its well-known “Fresh Start Initiative” which, among other things, subordinates the IRS debts to Federal student loan repayments. In other words, let’s say that a taxpayer has … Read More

Can You Get a Student Loan After Bankruptcy?

Need to get a student loan after a bankruptcy filing?  For those considering a bankruptcy case filing, this is a big question.  Will they be eligible to get a student loan after filing for bankruptcy?  The answer is:  it all depends on what you’re looking for.   Here’s what you should consider. Federal Student Loans For students applying for college, … Read More

IRS Offer in Compromise–10 Questions about Settling Your IRS Tax Debt

1)   Are IRS Tax Settlements legitimate?  Why would the IRS ever agree to a reduced payment on IRS debts?   ANSWER:  Because the IRS makes money on the program!  For example, in 2012, it received over $175 million in payments from taxpayers in the Offer in Compromise Program.  Moreover, the Program encourages taxpayers to again become compliant with filing … Read More