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Tax Debt

Tax debt occurs when a person or business owes taxes to the government but is unable to pay the full amount by the deadline. This can happen for a variety of reasons, including a failure to properly calculate taxes, an inability to pay, or a dispute over the amount owed. Continue Reading Below  

About Tax Debt

Tax debt occurs when a person or business owes taxes to the government but is unable to pay the full amount by the deadline. This can happen for a variety of reasons, including a failure to properly calculate taxes, an inability to pay, or a dispute over the amount owed. In some cases, tax debt can be resolved by working with the government to establish a payment plan or by negotiating a settlement.