Delinquent Taxes
A taxpayer who has a delinquent tax obligation basically has five options to deal with the delinquent obligation: (Click on a Topic to Learn More)
- Pay the Full Balance of the Tax Due.
- Inform the IRS of Currently Non-Collectible Status.
- Installment Agreement.
- Offer-In-Compromise (“OIC”).
- Bankruptcy.
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A taxpayer may enter into an installment agreement with the taxing authorities whereby the taxpayer will pay a monthly fixed amount to the taxing authorities.
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