Back Tax Help 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.

How Much Tax Debt Do You Have?

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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 Today

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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Corey Davis

17:30 24 Sep 23

I worked with BC tax , not only did they not deliver on helping lower my tax liability owed, after paying the $1250 fee they come and ask for... additional 1250. I stated the experience did not meet expectations and I wasn’t working with them any longer , they call and email asking if we can do a payment plan ( ask if I can’t pay a measly$ 1250) . I can but I won’t waste my money. This firm os just out to take your money but fail to deliver the services promised. You can never call and get an answer, always voicemails till they call you . Don’t waste your time and money.read more

Alesia Dietrich

22:31 07 Jul 23

Dan Roby, a gentleman, a wealth of knowledge, a friend. This man took the time to tell me not once, but twice how to handle my awful issues with the... IRS. Even though they’re not extreme, they are enough to keep me from sleeping at night. Dan explained that I should reach out to my original IRS case worker and explain to them my current position and be super honest. Explain a change of circumstances, explain the fact that I am soon to have to pay back student loans that I’m living paycheck to paycheck, and that I’m even having a hard time putting food on my table. And to ask the IRS person to give me an extended “loa” of all payments.… After being on the phone with the IRS for over two hours, and having multiple screens open, with my bank accounts my net pay, what I owe for different bills, The IRS gave me a conditional extension on what I owe them. What a sigh of relief. I wouldn’t have been able to do this on my own, without Dan’s kind knowledgeable advice, I came out a winner. This man is so awesome and I would recommend him and BCTax to anyone in need of tax advice!read more

Scott Payne

14:10 06 Jul 23

I truly cant say enough good things about my experience with BC Tax. From the initial call they were very clear/concise with what I had ahead of me... and set clear expectations which helped calm my nerves. I really felt like I had a team of people helping me - and they were all on the same page.They cleared up something which had been hanging over my head for several years - IN LESS THAN TWO WEEKS!!!WHEN you choose BC TAX, have your documents (Bank statements, income information, etc...) ready for them or be willing to get them the information they need quickly - this will help them help you!!!.read more

Help With Back Taxes And Installment Agreements