How to Pay Way Less Than You Owe in Back Taxes

By June 20, 2017Taxes
Pay WAY less than you OWE

I want to show you how to pay way less than you owe on your back taxes

Have you ever got a letter from the IRS?

Doesn’t it immediately make you angry and stressed at the same time?

For most of us when we see that, we start to feel some panic and wonder what the notice is all about. These feelings are normal because the verbiage in which they use is geared to elicit fear.

And to be honest the IRS is a bully and will scare you with these letters to make you resolve the issue as quick as possible. Now if you know anything about Incite Tax we think the IRS sucks and take advantage of taxpayers. However, it’s still important to understand the opponent and what can happen if you fall behind on certain things.

The reality is the IRS has a lot of power over your life.  They not only can freeze your bank accounts—that’s right—but they can seize all the money in your bank accounts too.  They can garnish your wages.  They can legally take as much as 75% of your net pay check.

Besides slapping Bank Levies and Wage Garnishments on you, they can put a lien on your house, making it nearly impossible to borrow against it to pay the IRS off.  And if you sell your house the IRS gets their money first from any equity there is.  Federal Tax Liens prevent you from borrowing any money—except for those high-charging money stores located in mini-malls.  An IRS lien makes it harder to rent an apartment, get a car, obtain any kind of credit; An IRS Lien can even jeopardize your job! And believe it or not, the IRS has the authority to show up and knock on your door!  Make no mistake—the IRS is the most brutal collection agency on the planet.

Now, most of our clients get some relief with these problems because we do our very best with compliance work and making sure we’ve communicated deadlines so nothing gets missed or is underpaid.

Sometimes things happen though and maybe you get behind on some tax payments or you hand an influx in revenue that increased your tax bill but you didn’t set aside any money to cover it. In this case even if you owe a chunk of money to the IRS you may qualify to pay way less than you actually owe!

Yes, you didn’t misread that. You potentially could pay a fraction of what you owe!

I’m going to mitigate some anxiety for you and let you know there may be a way out.

If you owe the IRS a significant sum, the offer in compromise is a powerful tool to resolve unpaid tax debts that you’ll never be able to pay in full. To qualify for an offer in compromise, you must demonstrate that you have insufficient assets and/or income to fully pay your tax debts.

The first step is to see if you can qualify to make an offer by calculating your reasonable collection potential using IRS guidelines. We can help you with this calculation. If you potentially qualify and you want to make the offer, you also must be willing to commit to paying the required settlement amount within 24 months, and staying in payment and filing compliance with your taxes for the five years after your offer in compromise is accepted.

Keep in mind that if you have sufficient assets and/or income to pay your tax debts, either all at once or over time, then an offer in compromise based on collectability isn’t appropriate for you.


“I went to Incite tax after having lost many nights’ sleep over my IRS tax debt. They immediately calmed my worries and offered a reasonable course of action that made sense to me.
The IRS settled my $25,000 tax debt for just over $1,000. This is over a 95% tax savings and far exceeded my expectations. I only wish I had reached out to them sooner.
What I appreciated most about working with Incite tax is their ability to successfully navigate the crazy process the IRS forced on me. The mere mention of the “IRS” or “taxes” previously caused me a great deal of anxiety. Now I have complete peace of mind.” Cathy Reynolds

Action Takers Reap The Rewards

If you owe a significant amount of tax, talk to a Tax Resolution Specialist like Incite Tax to learn how you can get this monkey off your back with 95% less stress, anxiety, and money!!”

If you’re in this situation and want some advice email [email protected] to claim a FREE Back Tax check-up. Find out quickly if you qualify to pay way less than you owe!