Have a Tax Question? Ask a Tax Expert
Well, the first thing you need to do is to get your information together by year and have your returns prepared.
Then, based upon what you actually owe, it will be possible to work out a payment plan with the IRS and or
based upon your financial situation, you may be able to make an "Offer in Compromise" to have your total liability, including penalties & interest settled for less than the amount you owe.
However, the IRS will not consider anything until the delinquent returns are filed.
I'm not sure what you mean? Has the IRS filed a levy with your bank or what is the status of the levy?
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