IRS Tax Debt Forgiveness

Yes, It’s Real!

The IRS considers all tax debt forgiveness requests on a case-by-case basis, so it’s impossible to guarantee that your total debt will be waived. Enlisting the help of a tax professional, however, can improve your chances of success.

See If You Qualify

How Does Tax Forgiveness Work?

Although it’s rare for the IRS to fully forgive your tax balance, it does offer various ways to reduce or eliminate your tax debt.

Each forgiveness program has its own qualifications and requirements. But before you can apply, you must be up to date on all required tax filings.

Once you’re in compliance, the IRS will consider your income, assets, and ability to pay before rejecting or accepting your forgiveness application.

To increase your odds of approval, request a free case review with an IRS Fresh Start tax specialist today!

happy senior lady thankful for Tax Forgiveness

See If You Qualify For Tax Debt Forgiveness Today!

855-598-4280

IRS Tax Forgiveness Programs

If you can’t pay your IRS debt in full and want to receive tax forgiveness, one of the following programs may work for you.

Offer in Compromise

Under certain circumstances, the IRS may agree to settle your tax debt for less than you owe or even eliminate the debt completely. This is typically done through an Offer in Compromise (OIC).

The IRS may accept your OIC request if any of the following are true:

There is doubt about your liability; or
The IRS does not believe it can collect the debt in full; or
Requiring you to pay the balance in full would create a financial hardship.

If you are in an open bankruptcy or have unfiled tax returns, however, the IRS will not consider your OIC request.

Currently Not Collectible

If you are experiencing extreme financial hardship, Currently Not Collectible (CNC) status may be the best resolution for your tax debt.

While in CNC status, the IRS will cease all collection actions and you will not be required to make any payments. Unfortunately, penalties and interest will still accrue and the IRS will likely place a lien on your assets to protect its interests.

The IRS will reassess your ability to pay every few years, but once the statute of limitations runs out on collecting the debt (typically 10 years), any remaining balance will be forgiven.

Innocent Spouse Relief

Are your tax troubles the result of negligence from a current or former spouse? You may be able to reduce or eliminate your tax debt through Innocent Spouse Relief.

You may request this type of tax forgiveness if you meet the following four conditions:

You filed jointly with your spouse.
Your taxes were underreported due to errors on your return.
You had no knowledge of the errors.
You live in a community property state.

You must request relief within 2 years of receiving notice of the debt.

Even if you don’t meet the eligibility requirements above, you may qualify for other types of tax relief. To learn more about tax forgiveness and other relief options, contact IRS Fresh Start for a free consultation and case review.

Need Tax Debt Forgiveness?

Schedule a Free Consultation