Help With Back Taxes And Installment Agreements

Owing money to the IRS can be daunting, especially when your taxes are overdue. If your tax debt is starting to pile up, contact BC Tax for help. Our team of back tax experts provides the solutions you need to help get your taxes back on track.

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What Are Back Taxes?

Back taxes are taxes due for a prior year that have gone partially or fully unpaid. You can have back taxes on the federal and state levels.

All back taxes accumulate penalties and interest. If you don’t file a tax return, the penalty is 0.5% of the amount due. You’ll be charged this penalty every month until your tax debt is fully paid or the penalty reaches 25% of the tax owed. The IRS also charges interest on the unpaid amount. This interest rate changes quarterly.

If your back taxes remain unpaid, you could face serious legal consequences. The IRS may garnish your wages or seize assets and property using tax liens and levies.

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How We Can Help With Back Taxes

At BC Tax, we understand back taxes happen for many reasons. You may have made a simple filing mistake, or you may not currently have the funds to make a payment. Regardless of your reason or how much you owe, BC Tax can help alleviate your back taxes.

Based on your specific circumstances, we may take one of the following approaches to resolve your tax debt.

Request a Payment Plan

The IRS offers payment installment plans that allow you to pay your back taxes within an extended time frame. You can apply for a short-term payment agreement plan, which gives you 180 days to pay the amount you owe. If you prefer to spread out your payment, you can apply for a long-term payment plan — also known as an installment agreement. A long-term plan allows you to pay the amount owed in monthly installments.

At BC Tax, our tax professionals will help you determine the best plan for your needs and prepare your application. We can also help you take advantage of reduced fees based on your income status or COVID-19 relief needs.

Propose an Offer in Compromise

An offer in compromise is a tax relief program through the IRS that allows you to settle your tax debt for less than the full amount owed. The IRS bases your eligibility on several factors, including your income, assets, expenses and ability to pay.

The experts at BC Tax can file an offer that has a strong chance of acceptance the help you get tax debt relief.

Apply for Noncollectible Tax Status

If the IRS concludes you can’t pay your back taxes based on your current financial situation, they may declare your tax debt non-collectible. When your debt receives “currently not collectible” (CNC) status, the IRS will stop aggressive collection tactics like garnishing wages and placing tax liens and levies. However, the money you owe will still accumulate interest and penalties.

If you have a financial hardship that makes paying back your taxes virtually impossible, our licensed Enrolled Agents can help get your debt declared non-collectible.

Contact Us For Help In Colorado and Across the Country

Get in touch with us today for help with back taxes. As a top tax relief company, we work with taxpayers in Colorado and throughout the United States.

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See What Others Are Saying About BC Tax


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Branton WalkerBranton Walker
21:40 29 May 24
Nate and Laura were awesome and exceeded our expectations. They handled our situation from the very beginning of the process and the communication... was great so we knew what was going on each step of the way. They relieved us of so much stress and pressure and would recommend them to anyone and couldn't be happier with how it all turned out in the end.read more
James DematteoJames Dematteo
19:06 21 May 24
I spoke to Daniel Roby several times. He was very heloful and answered all my questions. I would use him for all my tax purposes and will be... recommending him to all my family and co workers. PS Great guy to speak to.read more
Ivan LeeIvan Lee
14:45 08 May 24
BC Tax services did a fantastic job handling my issue with the IRS. Rocio and Julie were patient in putting my responses together and kept me... updated throughout the process. Once they took over for me the IRS letters ceased. The fees were reasonable and the process were handled with in the timelines the IRS was expecting a response. I have heard how hard it is to negotiate with the IRS and Rocio and Julie took care of all the negotiations toward a resolution. I am glad to have chosen BC Tax services.read more
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