IRS Payment Plans & Offer in Compromise: Your Tax Relief Options
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Show Notes
Tax Time: Navigating IRS Payment Plans and Offers in Compromise
As the federal filing deadline approaches, explore your options with the IRS for managing tax debts. Avoid costly penalties and interest by filing and paying on time. Consider payment plans or an offer in compromise, but be wary of third-party companies promising quick fixes. Submit your offer in compromise online for a $205 fee and initial payment, if applicable. Short-term and long-term payment plans are available, and hardship cases can request currently not collectible status. Keep it simple and affordable by prioritizing IRS paths over loans or cards.
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