Relief from taxes owed is a possibility under certain circumstances. To obtain help in lowering liabilities or to make payment of debt owed easier to handle, a formal request to the Internal Revenue Service must be made. Many individuals choose to seek professional assistance in getting this done.
The forms of tax relief available vary based on circumstances. Individuals who cannot afford to pay a lump sum amount may request a payment plan. Penalty abatement may also be possible. Settlements can be obtained in dire financial circumstances.