FAQ's

If you ignore the tax bill you owe, the IRS can eventually force you to pay using several tools – like federal tax liens, levies, and wage garnishments. And that's on top of penalties and interest that will pile up. 

The best way to pay off tax debt to the IRS is to make payments in full. While there are other payment strategies, paying in full ensures quick resolution. Paying with installment plans, offer in compromise, and personal loans are other ways to pay off tax debt without full remittance.

The IRS may be able to provide some relief such as a short-term extension to pay (paid in 180 days or less), an installment agreement, an offer in compromise, or by temporarily delaying collection by reporting your account as currently not collectible until you are able to pay. 

In some cases, it is possible to get IRS debt forgiven, but it is not a common occurrence, which is why you need to act swiftly when receiving a notice from the IRS.

The IRS may obtain a civil judgment against you if you ignore their bill and all of the IRS's collection notices . This gives the IRS the right to issue a federal tax lien, seize your assets, garnish your wages, or take other collection actions. The IRS cannot put you in jail.

If you receive a notice of  Audit from the IRS, you will need documentation to prove the validity of the deductions that you took. You should keep all receipts and records of expenses in a safe place for use in an Audit. Speak to one of our experienced professionals to learn how to reproduce missing records.

You may choose to speak directly to the IRS regarding any issues that you have, however, calls to the IRS can take as long as one to two hours to speak to a representative. Having a professional handle the IRS discussions is easier and less stressful on you.

Eddie Money Tax Solutions has the answers you are looking for.