Question:

I owe a lot of money in back taxes, to California and the IRS. I don't have enough money to repay what I owe and I'm afraid the IRS may start taking money out of my bank account. Is there any special programs out there for people like me?

Asked by: Jay


Answers:

The IRS offers Offer in Comprises for people who aren't able to pay off their taxes. You'll need to show the IRS that you are not able to pay the entire amount. Some people have been lucky enough to only have to pay as little as 20% of what they owe!
Answered By: TaxDude


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