What if you owe the IRS money?
What happens when you owe the IRS and cannot pay the debt? This is the most asked questions in tax
resolution. We help you negotiate the tax laws and opportunities to clear your debt and move forward in
If you owe more than $10,000 in back taxes, it is possible you might qualify for IRS Tax programs such as the
IRS Hardship Program or the Fresh Start program. What is involved in creating an Installment Agreement with
the IRS? We can help you determine the best route for your situation.
When back taxes are owed, penalties compound, so it is prudent to pay the debt as quickly as possible. An
abatement of penalties may be an option and Shepard Tax Solutions would guide you through each solution for the best result.
The IRS offers a lower interest rate than most credit cards, so we recommend you not pay the debt with a
credit card. The penalty for removal of funds from a retirement account may also be higher than the interest rate on the IRS debt, so again we would help determine the best route for your situation.
It is important that you work with the IRS in honestly and don’t panic. Shepard Tax Solutions works as your
representation for the best result.