Owing the IRS money is not the end of the world. Millions of taxpayers just like you walk away from millions of dollars in taxes, penalties, and interest – and in every case they did so legally and ethically.
There are an endless array of possible solutions to owing the IRS money, however they will all start with 6 possible outcomes.
Pay the IRS the total amount owed
Reduce the amount you owe
Discharge some tax obligations in bankruptcy
Negotiate a repayment schedule
Have your taxes deemed uncollectible
Keep doing Nothing and let the IRS have their way with your assets and family
For a Free Consultation call your Local BlackFin® office today!