You have more options than you think.
Owing back taxes can feel like there are only two paths: pay everything in full, penalties and interest included, or keep ignoring it. Neither has to be true. We help clients explore several resolution strategies based on what they can realistically afford and what the IRS is willing to accept.
Resolution paths we evaluate
- Installment agreements that spread payments out over time
- An offer in compromise, settling the balance for less than what's owed
- Penalty abatement, where you qualify
- Bankruptcy, in cases where qualifying tax debt can be discharged
The earlier we start, the more options are on the table
Every additional month adds more interest and penalties to the balance — and can move you closer to more aggressive IRS collection action like a lien or a levy. A no-cost consultation with one of our tax specialists is the fastest way to find out what's realistic for your situation.
It's amazing how fast penalties and interest add up — the earlier you act, the more options you have.