Back Taxes Owed Resolution
Structured relief strategies for unfiled back taxes and accumulated IRS penalties through installment agreements and Offer in Compromise.
Key Highlights & Scope of Service
Resolve Old Tax Debts and Stop Escalating Penalties
Falling behind on your taxes happens easily—life changes, medical emergencies, business downturns, or unexpected income can leave you unable to pay. But ignoring back taxes triggers aggressive IRS collection actions, including compounding monthly penalties, interest rates, federal tax liens, wage garnishments, and passport revocation.
At GVP Tax Consulting, our tax resolution attorneys, EAs, and Enrolled Agents specialize in resolving complex back tax situations, lifting liens, and negotiating realistic debt reductions with the IRS.
Proven IRS Tax Relief Programs We Execute
1. Offer in Compromise (OIC): An IRS program enabling qualified taxpayers to settle their total tax debt for a fraction of what they owe based on inability to pay.
2. Installment Agreements (IA): Structured monthly payment plans matched to your disposable income, preventing bank levies and aggressive collections.
3. Currently Not Collectible (CNC): Pausing all IRS collection activities if paying would cause immediate financial hardship.
4. First-Time Penalty Abatement (FTA): Removing failure-to-file and failure-to-pay penalties for eligible compliant taxpayers.
Our 3-Step Debt Relief Roadmap
Step 1: File All Past-Due Returns: The IRS will not negotiate settlements until all delinquent returns are officially submitted.
Step 2: Financial Analysis & Protection: We establish your Reasonable Collection Potential (RCP) to determine the best relief program.
Step 3: Formal Negotiation & Agreement: We submit formal petition forms and finalize your resolution.