answersLogoWhite

0


Best Answer

Not if your in bankruptcy (where you posted this question), because the law that your using to protect you.....the one that stays any collection actions...means by law the IRS is prohibited from discussing it with you.

If your not in BK and you meet certain criteria....understanding that some belief that you pay too much or don't like how it's spent is not going to be acceptable criteria...there is a system called "offer in compromise" that can be used.

The objective of the OIC program is to accept a compromise when it is in the best interests of both the taxpayer and the government and promotes voluntary compliance with all future payment and filing requirements.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can I negotiate taxes owed with the IRS?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How can I get out of IRS wage garnishment?

There are four ways to get out of an IRS wage garnishment. Negotiate a resolution, prove undue hardship, file an appeal, or of course you could always pay your owed taxes!


Can the IRS take money owed from a savings account?

Typically they can seize liquid assets if there are taxes owed.


Can IRS garnish child support received if back taxes are owed?

yes


Can IRS levy IRA of deceased individual for back taxes owed?

NO! NO! NO! YES! NO!


How do people working for the IRS know if one has back taxes owed?

People that work for the IRS have a wide variety of financial and tax information available to them, so it's easy for them to know if a person has back taxes owed.


What happens to my owed back taxes when I retire?

You still owe them. In the US, the IRS has 10 years to collect taxes.


Should I contact the IRS if I owe back taxes?

Yes definitely contact the IRS with regards to taxes. Often you can workout a payment plan. Many times penalties and interest can be removed. When these are added they increase the taxes that are owed. You can't work something out if you avoid them. You could also consult a tax attorney. This will be an added expense. However if you feel more comfortable, you can have a tax attorney help you will the IRS. They can often negotiate favorable terms for you regarding the back taxes. Good luck!


How can one settle on their taxes for less than what they owe?

One can settle on their taxes for less than what they owe by proving to the IRS that the total amount owed is incorrect, making the IRS understand that the chances of paying back the amount owed is quite slim.


Can the IRS take a personal injury settlement for back taxes owed?

Yes. The IRS can take any asset you have to satisfy a tax lien.


Can you go bankrupt in IRS?

The IRS does not like its agents to file for bankruptcy, so I understand. If you're asking if you can discharge taxes owed to the IRS, the answer is, maybe. If the tax is income or certain property taxes, and if the income tax owed was determined more than 3 years prior to filing - and if you were not concealing income - those taxes can be discharged. You should really consult a bankruptcy lawyer who knows about taxes.


What does IRS tax code 826 mean?

IRS tax code 826 means that IRS tax refund will be offset to another year. This happens when there are back taxes owed.


Can IRS take money from a dead persons acc?

If the person owed taxes at the time of death - yes they can !