Guidance & Publications

Plain-English explainers drawn from official IRS guidance. Have a situation not covered here? Reach out for a free consultation.

Mar 15, 2023

IRS: Taxpayer Bill of Rights

Each taxpayer has a set of fundamental rights when dealing with the IRS. Explore all ten.

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Mar 15, 2023

IRS: Tax Payment Options

Electronic payments, Direct Pay, short-term plans, installment agreements, and more.

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Mar 15, 2023

IRS: Offers in Compromise

How an OIC settles your liability for less than the full amount — eligibility and process.

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Frequently Asked Questions

Tax Debt, Answered

Can tax debt be settled for less than what's owed?
Yes, in some cases tax debt can be settled for less than the full amount owed through an Offer in Compromise. However, this is a complex process, and not everyone is eligible for this type of settlement.
Can tax debt resolution companies guarantee results?
No, it is illegal for tax debt resolution companies to guarantee results. The outcome of your case depends on a variety of factors, including your individual circumstances and the actions of the IRS or state tax authorities.
What happens if I ignore my tax debt?
If you ignore your tax debt, the IRS or state tax authorities can take various collection actions, including wage garnishment, bank levies, and liens on your property. It's important to address your tax debt as soon as possible to avoid these consequences.
How long does tax debt resolution take?
The length of the tax debt resolution process can vary depending on the complexity of your case and the resolution strategy involved.
Can tax debt resolution companies help with both federal and state tax debt?
Yes, we can help with both federal and state tax debt. It's important to address both, as each agency has its own collection process.
What are some common tax debt resolution strategies?
Common tax debt resolution strategies include installment agreements, Offers in Compromise, and currently-not-collectible status, among others.

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