Tax Debt Relief

Beware of attorneys, accountants, and others who offer to make your IRS tax debt vanish for an upfront fee.  Most of the time it’s your money that vanishes, leaving you with a larger debt as IRS interest and penalties continue to grow.  If you owe back taxes or have a tax debt you cannot pay, contact the IRS as soon as possible.  There are several programs for taxpayers who cannot afford to pay their debts.  These include the following:

  • Offer in Compromise, wherein taxpayers make an offer to pay less than the amount owed.
  • Installment Agreement, wherein taxpayers pay in monthly installments.
  • Currently Not Collectible, wherein the tax debt is postponed until the taxpayer’s financial situation improves.

Applying for these programs is free.  More information is available online at www.irs.gov.  You can also get help from the Taxpayer Advocate Service (TAS), an independent office within the IRS.  It offers free, independent, and confidential assistance to taxpayers who are unable to resolve their tax problems through normal channels or are experiencing financial hardships.  The nearest TAS office is in Laguna Niguel.  You can call (949) 389-4804 for an appointment.