Offers in compromise and IRS payment plans
When the IRS contacts you about your tax debt, its first form of contact is a letter in the mail. If you do not respond to it, you will continue to get notices in the mail and then a tax collector will get a hold of you by phone or in person. If you cannot pay the balance of your tax debt, it is in your best interest to work out some type of extended or reduced payment plan with the IRS. These include:
Offer in Compromise An offer in compromise is an agreement between a taxpayer and the IRS to reduce the taxpayer's debt. We have years of experience in creating an Offer in Compromise agreements that significantly reduced the amount our clients owed the IRS. As long as you go through the proper Offer and Compromise process, the IRS can settle tax liabilities for less than the full amount.
Payment Installment Plan The IRS is willing to negotiate the terms of paying back your debt. If you can pay your tax debt over time, a payment installment plan is a good option. We can work with the IRS to figure out an appropriate plan for you to pay back your tax debt over a period of time. This will help alleviate your tax burden and get the IRS off your back.