If you owe taxes, the Taxpayer Advocate Service (TAS) wants you to know that the IRS has collection alternatives. These options may help you pay a federal income tax debt and prevent the IRS from filing a lien or levying against your property.
If you cannot pay your taxes in full, you may be able to arrange for a payment plan called an Installment Agreement, which allows you to pay your debt in manageable monthly amounts.
In some cases, the IRS may even accept a payment of less than the total amount you owe in full satisfaction of debt in a program called Offer in Compromise.
If a federal tax lien has been filed against you, or the IRS has taken your property by levy, there’s hope. But it’s important to act, rather than hoping the matter will just go away.
Call, write, or visit the nearest IRS office right away to explain your situation.