There are 12 Ways to Resolve a Tax Matter with the IRS

by Jay Freeborne, EA

We identified 12 ways to resolve a tax balance owed to the IRS and separated them into TWO CATEGORIES: Permanent and Temporary Relief. Look through the list and see where your situation may be resolved. Call us to discuss further.

PERMANENT RELIEF

Reducing the debt - HARDSHIP

1. Offer in Compromise - Doubt as to Collectability
2. Bankruptcy Chapter 7

Reducing/eliminating the debt - INACCURACY

1. Amended Return
2. Substitute for Return Reconsideration
3. Tax Court
4. Offer in Compromise - Doubt as to Liability
5. Audit Defense

Reducing the debt - OTHER

1. Penalty and interest abatement
2. Collection statute expiration date

TEMPORARY RELIEF

Resolving the debt - STOPPING COLLECTIONS

1. Uncollectable status
2. Installment agreement
3. Bankruptcy Chapter 13 - payment plan.