February, 2013 | Pridgeon & Zoss, PLLC

Comparing an IRS payment plan versus a tax settlement – part 2

On behalf of Pridgeon & Zoss, PLLC | Feb 18, 2013 | Back Taxes Or Tax Debt

If a payment plan, as discussed in last week’s post is not a desirable option, Minnesotans may want to explore an IRS tax settlement, often called an “Offer in Compromise,” which is similar to any other debt settlement agreement. The process requires...

Comparing an IRS payment plan versus a tax settlement – part 1

On behalf of Pridgeon & Zoss, PLLC | Feb 11, 2013 | Back Taxes Or Tax Debt

People in Minnesota or elsewhere who work for themselves know paying income taxes falls solely on the filer and can often result in owing the federal government taxes every year. Even if you owe taxes and are unable to pay them in full it is important to still file on...

Mortgage debt forgiveness act renewed for 2013 by lawmakers

On behalf of Pridgeon & Zoss, PLLC | Feb 4, 2013 | Back Taxes Or Tax Debt

Some Hennepin County homeowners may be relieved to learn that the Mortgage Forgiveness Debt Relief Act was renewed by lawmakers last month. The act gives homeowners who participated in a short sale or other transaction which resulted in part of their mortgage debt...