Question

Is there a tax forgiveness program?

Forum|Forum|1 year ago
October 20, 2024
2 replies
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i cant afford to pay back federal taxes i need to know if there is a program for this?

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A

Anonymous_

Employee

No text available

X

xmasbaby0

Employee

https://www.irs.gov/payments/offer-in-compromise

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

O

Opus 17

Employee

In general, yes. The IRS offers a payment plan (interest accrues but the penalties stop, if you maintain your payments). The IRS sometimes accepts partial payment (offer in compromise) but they only allow that if you are willing to pay the compromise amount as a lump sum. You can try and negotiate these things yourself, but depending on the amount, you may want to hire a tax professional. I would not use a service that advertises on social media, I would look for a CPA or enrolled agent in your local area.