Many taxpayers avoid filing because they assume they have no options. The IRS offers programs to help individuals catch up, reduce penalties, and pay what they owe in a manageable way. Understanding these options can save money and reduce stress.
Installment Agreements
If you owe back taxes but can’t pay in full, the IRS allows installment agreements to spread payments over time. This keeps enforcement actions like levies and garnishments at bay.
Offer in Compromise
This program allows qualifying taxpayers to settle their tax debt for less than the full amount owed. Eligibility depends on your income, assets, and ability to pay. A CPA can help determine if you qualify.
Penalty Abatement Programs
If you file voluntarily or can demonstrate reasonable cause, the IRS may reduce or remove penalties entirely. For example, if illness or financial hardship prevented timely filing, you could qualify.
Why Professional Guidance Matters
Navigating these programs without expert help can be complicated, and mistakes can lead to missed opportunities for relief. Tax Rescue CPA specializes in back taxes and IRS negotiations, ensuring clients receive the maximum benefit while staying compliant. Back taxes don’t have to control your life. Contact Tax Rescue CPA to explore Fresh Start programs and regain financial peace of mind.
