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The IRS reminds taxpayers that there are a number of payment options and online tools that can help taxpayers with unpaid tax debts, whether it's a new tax bill or a long-standing tax debt for an unfiled return.
If you owe a tax debt and can't pay all or part of it, the IRS can help. You have options to resolve your tax bill. Can you pay your balance now? Pay in full. If you can pay part of your balance. Pay what you can now to help avoid interest and penalties. Then choose one of these options: Pay over time
Five common tax debt relief programs are available for people who need help with a federal tax bill, back taxes, a tax penalty and more.
An IRS offer in compromise enables you to settle tax debt for less than you owe. Eligibility requirements for these offers are specific, and the application process can take longer than a...
Tax debt relief is a way the government helps you when you can’t afford to pay your tax bill. This comes in the form of a payment plan or a settlement in which the IRS agrees to settle your...
WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that a new initiative to collect past-due tax debt from high-income, high-wealth individuals has reached a major milestone, with more than $1 billion recovered.
This is an agreement between a taxpayer and the IRS that settles a tax debt for less than the full amount owed. The goal is a compromise that's in the best interest of both the taxpayer and the agency. The offer in compromise application includes a fee of $205 and an initial payment.