You Owe the IRS and Cannot Pay the Full Amount — Now What?
Owing taxes is stressful. Ignoring what you owe makes it worse. The IRS offers several options for taxpayers who cannot pay their full balance by April 15: 📋 Short-term payment plan: Up to 180 days to pay in full. No setup fee if done online. Interest still accrues but penalties are reduced. 📋 Long-term installment agreement: Monthly payments over up to 72 months. Setup fees range from $31 to $107 depending on how you apply. 📋 Offer in Compromise: For qualifying taxpayers who truly cannot pay, the IRS may accept less than the full amount owed. Strict eligibility requirements apply. 📋 Currently Not Collectible status: If paying your tax debt would prevent you from meeting basic living expenses, collection activity can be temporarily suspended. The worst option is doing nothing. Unfiled returns and unpaid balances compound with penalties and interest every single month. Schnoldine Lynn Joseph, EA, is authorized to represent you before the IRS and negotiate on your behalf. 📞 Call (844) 200-8027 to discuss your options. Real estate inquiries: (973) 392-2785 JRICKSS Financial Services












