The longer you struggle with tax debt on your own, the worse it’s liable to get. Because the longer you go without paying, the more you’ll rack up fees, interest, and other penalties. If you let that go on too long, you’ll reach a point where your tax debt seems insurmountable. You might feel powerless against it.
But when you consult with an expert, you have options.
In some cases, you can set up a payment plan (called an installment agreement) that will help you set a realistic schedule for paying off your debt while getting the IRS off your back.
In other cases you can actually settle your tax debt for less than you owe—sometimes much less—through what’s called an offer in compromise or a partial payment installment agreement.
And sometimes you can even negotiate to have your interest fees and other penalties removed (or abated) completely!
The best solution for you will depend on a number of factors. Fill out our short form and schedule a free consultation with a tax debt specialist to find out which solution will work best for you.