Clear, honest guides to IRS tax debt.
Clear, honest guides to IRS tax debt.
IRS payment plans, installment agreements, offers in compromise, and currently-not-collectible status.
Currently Not Collectible is a hardship status where the IRS pauses active collection because you can't pay basic living expenses. It's a pause, not forgiveness — here's exactly what that means.
An Offer in Compromise lets some taxpayers resolve IRS tax debt for less than the full amount — but the rules are strict, the fee is nonrefundable, and most applicants don't qualify. Here's the honest version.
An installment agreement is a formal monthly payment plan with the IRS. Balances up to $50,000 can often be set up online without a financial statement — verify the current threshold on irs.gov.