What Is First-Time Penalty Abatement?

What Is First-Time Penalty Abatement?

Facing penalties from the IRS for a missed filing or late payment? You may qualify for a one-time pass — if you meet the IRS's criteria. This article applies to U.S. federal tax law and explains how First-Time Penalty Abatement (FTA) works. TaxRise helps taxpayers...
Does Tax Debt Affect My Credit Score?

Does Tax Debt Affect My Credit Score?

Tax debt can have a serious impact on your financial health, but its effect on your credit score depends on how the IRS responds. This article applies to U.S. federal tax law and explains how tax debt interacts with credit reporting. TaxRise helps thousands of...