State Bar of California Badge
Peer Reviewed Rated - AV Preeminent Badges
Avvo Rating - 10.0 Top Attorney Tax Badge
Dennis N. Brager Super Lawyer - Seriously Outstanding Badge
Avvo Clients' Choice 2012 - Tax Badge

Options You Can Use to Settle Your Tax Debt Part 1


This video, along with Part 2 and Part 3, will be discussing options you could use to settle your tax debt.

Choosing the wrong option to settle your tax debt can be a very costly error. If you apply for an installment agreement when you could have eliminated some of your debt with an Offer in Compromise, it could end up costing you thousands of dollars, and you can't expect the IRS to notify you of your alternative settlement options. They will simply accept your payments, while you are forced to take on debt or deal with other financial difficulties in order to pay off your tax debt.

There are several options available to settle your tax debt. While this is by no means an exhaustive list, many taxpayers will be able to use one or more of these methods to reach a tax debt settlement.

One possibility is an installment agreement. The IRS would generally prefer that you apply for an installment agreement if you can't pay in full because while they don't get all of the back taxes at once, you do agree to pay off the full amount over time. This option is appropriate when you have no defenses to dispute the amount or legality of the tax debt, and your financial situation does not justify an Offer in Compromise.

In Part 2, we will discuss Offers in Compromise.

Client Reviews
★★★★★
Thank you for your good work in resolving my innocent spouse case. I will be forever grateful! KB
★★★★★
It is a pleasure to send you this check...knowing I have friends like you who are there to help! HB
★★★★★
Words can not express my appreciation. YOU DID IT!!!! I have dealt with and paid multiple people to resolve my tax problems, however you were the only one who was successful... CB
★★★★★
Your assistance is greatly appreciated and beyond the call of the average attorney who would not take the time. I will consult with you and refer whomever I can to you, whenever possible. EK