It is a program by the IRS that allows taxpayers to settle their tax debt for less than the full amount owed. This can be beneficial for taxpayers who are unable to pay their full tax liability due to financial hardship.

These agreements help taxpayers manage their tax liabilities by allowing them to pay over time rather than in a single lump sum. Diagnosing your tax case will help us identify the appropriate Installment Agreement for you.

IRS Liens: A lien is a legal claim against your property when you neglect or fail to pay a tax debt. It secures the government interest in your property and can affect your credit score or ability to transfer property.

IRS Levies: A levy is the actual seizure of your property to satisfy a tax debt, including wages, bank accounts, vehicles, and real estate.

Currently Not Collectible (CNC):

• Temporary Relief: The IRS stops attempting to collect the tax debt.
• Criteria: You must demonstrate that paying the tax debt would prevent you from meeting basic living expenses.
• Continued Interest and Penalties: Interest and penalties continue to accrue on unpaid taxes.

An IRS audit is a review of an individual or organization financial records to ensure tax compliance.

Collection Due Process (CDP): A formal procedure that allows taxpayers to challenge IRS collection actions, such as levies and liens, before they occur. Taxpayers can appeal the decision to the U.S. Tax Court if they disagree with the IRSs determination.