So You Do Owe the IRS Some Money

admin • September 2, 2019

 

Owing to the IRS money is not the end of the world.

 

Millions of taxpayers just like you have walked away from millions of dollars in taxes, penalties, and interest – and in every case, they did so legally and ethically.

When you owe the IRS money, there are many possible ways to resolve your problem. But, the reality is …any solution will include at least one of the following six options:

1. Pay the IRS the total amount owed.

2. Reduce the total amount you owe.

3. Discharge some of your tax obligations in Bankruptcy.

4. Negotiate a repayment schedule.

5. Have your taxes deemed un-collectible.

Keep doing nothing and let the IRS have their way with you, your income, your family and your assets.

Most taxpayers can fit into one of these 6 options. It’s completely up to you which way to go! But… if it feels overwhelming to try to figure out all of this on your own, call my office for a consultation.

Disclaimer: The information on this website and blog is for general informational purposes only and is not professional advice. We make no guarantees of accuracy or completeness. We disclaim all liability for errors, omissions, or reliance on this content. Always consult a qualified professional for specific guidance.

RECENT POSTS

What Happens If You Pass Away Without a Will? - Florida tax Lawyers
March 3, 2025
What happens if you die without a Will is a question frequently asked by estate planning professionals, and We've tried to address it in our guide. Learn More!
Trust vs Will vs Probate: Which is Better for You?  - Florida Tax Lawyers
February 17, 2025
Trust, wills, and probate are three common legal tools for estate planning. But what are the differences, and which is best for you? Learn More!
How Can Having an Estate Planning Attorney Help? - Florida Tax Lawyers
February 3, 2025
We'll discuss the importance of estate planning, how an attorney can help, and why working with Florida tax lawyers is essential for protecting your assets.
What Is a Revocable Living Trust? - Florida Tax Lawyers
January 20, 2025
What Is a Revocable Living Trust? This guide will explain what a revocable living trust is, how it works, and why it might be a good choice for your estate plan
Can a Tax Attorney Negotiate with the IRS? - Florida Tax Lawyers
January 6, 2025
Can a Tax Attorney Negotiate with the IRS? Let’s explore the role of a tax attorney in dealing with the IRS and why they are an invaluable resource.

CONTACT US

CONTACT US

Share by: