If you do not qualify for the IRS offer-in-compromise program, a payment plan may be the way to solve your problem. Setting up a payment plan with the IRS gives you a little more time to pay your tax debts.
Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay off the debt. You are required by law to pay interest on your tax debt.
The good news is that there is a possibility that we may be able to eliminate your tax penalties.