How to Resolve your IRS Debt Problem

Solve your IRS Tax Debt


I am often asked, “I owe the IRS, what should I do?”

There are the main options available to you:

  1. Fight the Debt
  2. Pay the Debt in full
  3. Pay part of the Debt
  4. Not Pay the Debt at all

Fight the Debt

  1. File returns to replace the Substitutes for Returns that the IRS created for you.
  2. Penalty Abatement
  3. Innocent Spouse Relief
  4. Fight the tax based on technical reasons.

Pay the Debt in full

  1. Paid the balance in full in one payment
  2. Request an Installment agreement

Pay part of the Debt

  1. Request an Offer in Compromise based on Doubt as to Collectability
  2. Request a Partial Pay Installment agreement

Don’t pay the Debt

  1. Wait until the statute of limitations expires
  2. Request an Offer in Compromise based on either: Doubt as to Liability or Effective Tax Administration
  3. Discharge in Bankruptcy
  4. Request “Currently Not Collectible” status

As a practical matter, most people with tax debt only have two, maybe three options available to them given the details of their situation.

Jeff Roltgen, Tax Rescue CPA
Jeff@TaxRescueCPA.com
www.TaxRescueCPA.com

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