The IRS imposes penalties and interest for delinquent taxes owed; however, the IRS will work with tax payers to mitigate these additional charges that increases their tax debt and overall debt burden, but only if you make the request.
Offer in Compromise Not for Everyone Please take note first: Not all taxpayers qualify for an Offer in Compromise (OIC). Absent special circumstances, if you have the ability to fully pay your tax liability in a lump sum or via an installment agreement, an offer in compromise will not be accepted. Offer in Compromise Payments [...]
