Does the IRS accept less than full payment of tax debts?

It all depends upon the financial situation. If their analysis shows that the taxpayer can pay the debt in full, they will make every effort to get it. The IRS has collections powers that go beyond those of commercial debt collectors. Most IRS personnel take their purpose of representing the government’s interests seriously and do not freely write-off balances due unless they can be convinced it’s in the governments best interest.

Author: Jim Payne

Jim Payne, a Florida Certified Public Accountant (CPA) since 1976, offers candid insights on getting square with the IRS — with the least pain, and at the lowest cost — with (or without) the help of a tax representative. Mr. Payne is a former IRS agent and expert in business profitability, IRS audits, IRS payroll tax, and IRS non-filer issues. As a Tax Representative, his goal is clear: " I will speak on your behalf to all IRS agents, so you never have to, and I'll guide you in executing a strategy to resolve your IRS problem so you can get back to enjoying life."

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