Do you owe the IRS?
Owing money to creditors is one thing, but when you owe money to the government, it’s an especially serious situation.
In the event that you don’t qualify for the IRS Offer in Compromise program, a payment plan may be the best alternative to resolve a tax problem. Although it does not involve a reduced balance, setting up a payment plan with the IRS does give you a bit more time to pay off your outstanding tax debt.
Unfortunately, penalties and interest will continue to accrue on the outstanding balance as you pay off the debt.
The good news is that the tax experts at Rubio & Son can help. Our team of Houston tax professionals will communicate with the IRS on your behalf and attempt to have your tax penalties removed. After assessing your unique situation and other options, our tax experts offer sound advice for dealing with your tax debt.