How tax relief firms negotiate with the IRS

Tax relief firms specialize in negotiating with the IRS on a taxpayer’s behalf, but what does that process entail? Nora Carol Photography/Getty Images The Internal Revenue Service (IRS) collects billions of dollars each year in back taxes, penalties and interest, in large part because it has an arsenal of tools to collect what’s owed. Wage…

Cash-strapped council to get £200m in debt relief

The government is to provide £200m to pay off part of Thurrock Council’s debt, according to its Labour leader. The unitary authority in Essex was declared effectively bankrupt in 2022 with a debt that peaked at £1.5bn. Thurrock Labour MP Jen Craft said the debt relief was “a turning point for Thurrock”. The government is…

Billionaire Robert F. Smith’s legacy shapes Atlanta festival focused on HBCU student debt relief

The city of Atlanta is currently hosting a powerhouse gathering of celebrities, philanthropists, and academic leaders for the inaugural HBCU AwareFest. The weeklong event aims to celebrate Black excellence while raising critical funds to eliminate the student loan debt burden facing graduates of Historically Black Colleges and Universities (HBCUs). The festivities continue Wednesday at the…

Major holiday firm with trips to Disneyland and Cotswolds enters liquidation

The coach holiday company offered trips to destinations including Disneyland Paris and the Cotswolds The coach holiday company offered trips to destinations including Disneyland Paris and the Cotswolds(Image: CHUNYIP WONG via Getty Images) A British holiday firm offering domestic and international travel has collapsed into liquidation with debts approaching £1 million. Gold Crest Holidays provided…

Cash-strapped Thurrock Council to get £200m in debt relief

Thurrock Council borrowed hundreds of millions to invest largely in solar energy. But the investments failed and led to the then Conservative authority needing government intervention to oversee and provide emergency financial support. Labour took control of Thurrock Council in 2024. The council is set to be abolished as part of the reorganisation of local…