Does anyone have experience settling with the IRS to pay off a debt?

The initial debt was $37k from the 2019 tax year. I made a large payment and have been on a monthly payment plan for almost three years. I currently owe $19k. I have filed on time every year. Are there any programs or something that I can say when I call the IRS to try to settle the debt for a lower amount? What's a reasonable amount to offer to settle?

like
Posting as :
works at
You are currently posting as works at

I would consult with a tax accountant or lawyer about this. There are unscrupulous businesses out there that claim they can “settle” tax debts for less than what’s owed, but they are scams.

I believe the interest rate is just 6% for tax debts. I would just keep it on a payment plan and pay it off. Your annual personal tax returns will be applied to this debt, so that will help you pay off the debt sooner.

likehelpful

Thank you. I see so many ads for tax settlement services especially the ones ran by accountants, I wasn’t sure if they’d real or scams

like

Related Posts

Is it possible to get a remote job in the US but be based in Canada? Not sure of the legalities but the salaries here are much lower than those in the US...

like

Hello all here, as a HR professional for 8+ yrs by now, happy to connect with you here, looking for guidance, view points as recently joined a software company as HR Generalist would be handling core, gamut HR activities around the organization.

like

Hello everyone, I am seeking a new opportunity at Philips , if someone could please provide a referral. Thank You.

like

Hello, I'm looking at a position within Paypal. My question, what is the work life balance, expectation for office (hybrid/remote/other) and is the pay comparable to other companies? Reviewing Director and Senior Director roles on the business side. I have over 15 years experience with multiple degrees. TIA!

like
like

Hi All,
Yoe - 8
SkillSet - Magento Developer
What should be expected salary?

like
like

Is it true we need to return the joining bonus along with GST if we resign within a year in FIS?
What if someone resigns a week after his 1 year completion? Do they still need to pay?

like

Hi I have two offers please help to choose one

YOE 4.2 Years
Amadeus 16 LPA
Omnicell 19LPA

like

How is the work culture in BMW Canada? General culture, support and mentorship, work life balance and job security. Thanks.

like

Have your teams truly imbibed NGGM?

Quite curious, why are there so little dining places in SoMa given the number of high risers here?

Looks like a place with high concentration of middle class just asking to be served, but the are is mostly dead in the evening.

like

Going to Jamaica for a bachelor party Memorial Day Weekend...da hell do I wear?

I’m looking for a referral please. I have 3 years of audit and 1.5 years of FDD experience all at PwC

like
like

Thinking of declining an offer with Deloitte. Will this hurt my chances of applying in the future?

like

What is a good/ expected salary for an AE in San Fransisco?
What’s livable?

Anyone talk to a Muslim therapist? Muslim matters because I’d like to talk about marital issues, and not sure others will get the religious context. NYC preferred. TIA!

like

How do you present at work? Do you present “androgynous” or go with something more cis-passing?

like

Additional Posts in Black in Law

For the past few months of interviewing have made it to the final round with a few firms, and the feedback is similar, ‘I’m a great candidate, but it’s not the right time’ Is this code for something? Am I missing something?

like

M&A/PE associate (trying to juggle multiple deals) feeling like I don’t have time to dive deeper into issues and it being highlighted in some of my work product as I am having to turn things right away and just pushing things out - so issues I may have caught if I had a better/deeper/higher level understanding are more apparent when partners review. Truly feeling like I’m just messing up all around but trying to give myself grace. How do you know if it’s just you or a part of the process?

like

Are you all talking to recruiters? What are they saying about the market, signing bonuses, etc.?

like

*Manifestation thread* What is your dream firm you'd want to work for?

like

I’m looking for a paralegal opportunity in the DMV/NYC/NJ area, preferably remote but I’m open to a hybrid schedule. I’ve an LL.B. (2014), and currently working as an appellate paralegal with experience in bankruptcy, civil rights litigation, and family law. I’m open to all areas of the law. Please comment if you are or know someone/law firm/in-house who’s looking for a paralegal.

like

Let’s hear some good news! Share your biggest wins so far this week!

like

Any thoughts on how the litigation going on between Twitter and Elon Musk is going pan out?

like

How do you maintain a social life while working in big law?

like

I just bought these. Thanks fishbowl friend .

Post Photo
like

How do you balance your social life with work? I feel like all my non-law friends are out doing shit every night and living it up on the weekends and I just can't. I'm either working or I'm tired from working. How can I set better boundaries about working outside of work, and where do y'all get the motivation to be outside after work 😭

like

How do you give back to your community?

like

I need to grow my professional network, I feel lonely and little bit stuck...How did you find your mentor?

When do you think associates are usually let go in small practice groups that are currently being overwhelmed with work? Is it when it starts to slows down or when they already have a candidate to replace you? Just trying to figure out how long I have after annoying a partner 😂.

This bowl was originally created for black attorneys in big law, but since it’s the only bowl for black attorneys, many black attorneys in other sectors have joined. Some people are apprehensive about starting another bowl for all black attorneys because it will take away from this bowl. Assuming that the conversations & topics will stay the same, What are you thoughts on keeping this bowl solely for black in big law verses Opening this bowl to any black lawyer?

like

I am an unmarried working man in his 30s with a southern mother. In other words I'm flying home for Christmas and my mother just called to tell me that she just happened to accidentally run into the sweetest girl from her church that she just knows I'll get along with and accidentally invited her to our house for dinner the night that I get home. Deadass the woman will not rest until I am tied down. Pray for me!

likefunny

I’ve been thinking about law school for far too long and want to take the plunge. Where do I start? Any recommendations for studying for the LSAT?

like

Two more weeks until the new year. Is anyone else struggling to finish the year off strong?

like

Tomorrow is the first day of the new work week. What are your goals for this week?

like

How close do you live to the office? What are the pros and cons that you have experienced living far/close?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal