The 2015 New York State Budget updated the property tax freeze credit introduced in 2014, offering state residents the opportunity to get back any extra money they spent in property taxes. This tax credit is perhaps less known to residents, and some people in New York are unaware of their entitlement. Find out if you are eligible for the tax credit, and learn more about the relevant rules and regulations that apply.
If you owe money to the IRS, it's possible to negotiate with the agency to pay less than the assessed amount. The agency has what's called an Offer in Compromise program that lets taxpayers submit a settlement offer for an amount they're willing pay. The trouble is, you have to offer an amount the IRS finds acceptable; otherwise, it won't agree to the settlement. Here's what you need to know about the Offer in Compromise program to help you calculate an offer amount that will be approved by the IRS.