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5 Top Tips to Negotiate IRS Debt and Pay Less Taxes


Americans owe billions of dollars in back taxes, and the IRS is not a friendly creditor.

If you think you’re going to get out of paying your taxes, the IRS does not agree. There are things you can do to negotiate IRS debt that can make it easier.

Continue reading this article to learn more about how to get an IRS settlement that won’t feel like it’s crushing you.

1. Stay in Contact With the IRS

When you feel overwhelmed, you shouldn’t ignore the IRS. Ignoring the IRS will only cause you to amass more fees and possibly get a levy put on your bank account and assets.

If you don’t want to talk to the IRS on your own, then speak to an attorney that will help you.

2. Get Real About Your Situation

If you’re still in denial about your situation, you need to sit down, look at it, and get real about your situation.

Knowing exactly how much money you owe will allow you to start putting a plan together, so you can work your way out of the hole you’re in.

3. Look Into an Offer in Compromise

When you’re negotiating your IRS debt, you need to ask about an offer in compromise. An offer in compromise lets you settle your IRS debt for less than what you owe.

While you can settle your debt for less than what you owe, you are going to have to pay that lump sum upfront once you make that agreement.

There are some cases where you’re able to negotiate a short payment plan along with an offer in compromise, so make sure to ask.

4. See If You Qualify for Not Currently Collectible

If you don’t have any ability to pay your back taxes right now, you may qualify for a CNC or currently not collectible status.

When you are under a CNC status, that means the IRS has agreed that you aren’t able to pay your taxes right now. You can file for a CNC if you want to stop a levy or lien, and it gives you the ability to explain why you can’t pay taxes right now.

5. Get Professional Help

If you are totally lost with what to do about your taxes, you may consider getting professional help from tax debt relief specialists. If you’re trying to work and keep on top of everything else in your life, you might not have the time to take care of your tax debt negotiations.

Negotiate IRS Debt and Secure Your Freedom

Securing your freedom is as simple as learning how to negotiate IRS debt or having someone help you do it. Now that you’ve read this content, you know how to go about it.

Do you need more help with taxes or other financial issues? Our site is full of articles that can help you get your finances back in order.

Browse our site, find your favorite finance article, drop a bookmark, and come back soon for more great reads.

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