Penalties & Payment Plans
“Can our business set up a payment plan for a tax bill we can't pay?”
Businesses facing a tax bill they cannot pay often have several payment arrangement options, and the best fit usually depends on the type of tax involved, the amount owed, and the business’s current cash flow and filing status. The IRS and some state agencies may consider installment plans, but eligibility and terms can vary based on whether returns are current and whether any notices have already been issued. Existing penalties, interest, and the business structure can also affect how the balance is handled. A short conversation with a CPA can sort out what applies to your specific numbers.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“As a freelancer, can I get my IRS penalties removed or reduced?”
“As a consultant, can I get my IRS penalties removed or reduced?”
“As a 1099 contractor, can I get my IRS penalties removed or reduced?”
“As a small business owner, can I get my IRS penalties removed or reduced?”
“I can't pay my $2,000 tax bill, can I set up a payment plan?”
“I can't pay my $5,000 tax bill, can I set up a payment plan?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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