FAQ
I owe the IRS money. What are my
options?
If you can afford to pay the amount you owe, it should be
paid. But many times that is not the case. If you cannot
afford to pay, you have several options. Ignoring the IRS
should not be one of them!
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The first option is to enter into an installment agreement
with the IRS. To do this you need to fill out
Form
9465, Installment Agreement Request.
This form is fairly easy to complete, but we strongly
recommend that if you owe a substantial amount of money you
work with us to secure your agreement.
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The second option, which is much harder to get approved, is
an offer in compromise. The IRS will be reluctant to do
this if they feel you have the resources to eventually pay.
You should not attempt an offer in compromise without
professional help you can trust. The
IRS has also issued a consumer alert, advising taxpayers to
beware of promoters’ claims that tax debts can be
settled for “pennies on the dollar” through the
Offer in Compromise Program.