Penalties & Payment Plans
“What happens if I can't pay my tax bill and need a payment plan?”
If a tax bill cannot be paid in full, the IRS or a state agency often has installment options, but the outcome usually depends on the balance owed, filing status, and whether prior returns are current. Interest and penalties often continue while a payment arrangement is in place, and collection activity can vary based on how quickly the account is addressed. The specific notice received, the taxpayer’s income and bank information, and any existing liens or levies can also affect how the account is handled. Working through the specifics with a CPA is the cleanest way to land on the right move.
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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