Penalties & Payment Plans
“I owe taxes and can't pay in full, can I do a payment plan?”
If taxes cannot be paid in full right away, a payment plan is often a possibility, but the available options usually depend on the balance owed, whether prior returns are filed, and the type of notice or account status involved. The IRS and state agencies may look at current income, bank activity, and overall compliance history when considering an installment arrangement. In some cases, penalties and interest can continue to build while the balance is being paid over time, so the details of the agreement and the taxpayer’s cash flow matter. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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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