How to Handle an IRS Tax Debt

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Dec 16, 2019

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Millions of Americans have or will have Internal Revenue Service (IRS) tax debt. For many taxpayers, it can be confusing and overwhelming to determine how to resolve their tax debt. In fact, tax attorneys say that most taxpayers are not even aware of the various forms of IRS tax debt help that are available to them.

Justin Hein, Managing Attorney for Roni Deutch, A Professional Tax Corporation – a law firm that has been resolving IRS tax debts for American taxpayers for nearly 20 years – explains three possible options:

  • Paying Your IRS Tax Debt in Full. If you pay your taxes in full, you don’t have to worry about the IRS taking collection action against you.
  • Resolving Your Tax Debt. Two of the most common IRS tax debt resolution programs are Installment Agreement and placement into the IRS’s Currently Not Collectible status. An Installment Agreement is a way for a taxpayer to pay their tax debt over a period of time through monthly payments or installments. Placement into the IRS’s Currently Not Collectible status means that the IRS cannot attempt to collect on your tax debt unless your financial situation significantly changes.
  • Settling Your IRS Debt. One option available to some taxpayers is to settle their IRS tax debt for less than the amount that they owe, known as an Offer in Compromise.

Which IRS tax debt help option is best for you?

Contact an experienced tax law attorney to discuss your situation, evaluate your options and determine which form of IRS tax debt help is right for you.

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