| If you are one of those who have defaulted in tax | | | | ways in which you can get some tax debt relief. The |
| payment to IRS and currently not in a position to pay | | | | first and the most popular way are to get something |
| that due to any reason, you can check whether you | | | | called 'Offer in compromise'. In this agreement, you or |
| can qualify for IRS debt relief program. There are | | | | your tax consultant tries to convince IRS that you |
| many people in United States who intentionally or | | | | were not able to pay taxes due to some unavoidable |
| unintentionally default on their taxes. They should keep | | | | circumstances. IRS may reduce your pending taxes |
| in mind that the IRS may be slow in catching them but | | | | but you then agree to pay taxes regularly and in full |
| when they get hold of defaulters; it is very difficult to | | | | amount for next 5 years. This makes a win win |
| come out clean. There is hardly any way you can | | | | situation for both parties. |
| escape the recovery process of the IRS. | | | | Other option is IRS payment plans in which you fill in |
| Since the interest keeps on growing with time, it is | | | | Form 9465 Installment Agreement Request. Then you |
| important to start working on payment of pending tax | | | | may be allowed to pay your pending taxes in |
| amount as early as possible. It is advisable that you | | | | installments. But there are a few conditions for this |
| take help from a tax consultant in case your tax debt | | | | agreement to be approved. Other option is to put a |
| is more than $1000. Else you can even try yourself. | | | | freeze on your wage garnishment. As mentioned |
| This is just a rule of thumb and the actual decision | | | | earlier, it is not easy to get these grants but with the |
| would depend on case to case basis. | | | | help of a tax specialist, you can at least try for these |
| Depending upon your case with IRS, there are a few | | | | IRS tax grants and see if you can get some relief. |