The Internal Revenue Service (IRS) has several programs that offer tax relief for persons who have outstanding back taxes.
One IRS tax relief program is the Installment Agreement which allows people who are financially unable to make the payments to pay their tax debt over time. Monthly payments can be made until the entire tax debt if paid off. There is also an Offer in Compromise (OIC) program which allows taxpayers to settle their tax debt for a lesser amount than what they owe. This program works well for persons with limited means.
There are also situations where the IRS … Read the rest