Offers in compromise:
Your case may qualify for settlement of your IRS liability for much less than you owe. there are many qualifying factors, and the process is complicated, but your attorney can evaluate your circumstances and advise you accordingly.
INNOCENT SPOUSE RELIEF:
This option is used to protect and eliminate the tax burden from one spouse, due to the fault of the other spouse having created the tax liability. Your case may qualify for this option based on the particulars of your case.
INstallment Agreements - payment plans:
There are several different types of Payment Agreements depending on the amount of tax you owe. All Agreements to pay your tax debt over time, are determined by your ability to pay and the number of months the debt can be paid in full. Every case is different, with a different set of facts, and will be calculated based on those facts.
uncollectible status:
This option may be appropriate for your case. Although this option is not a permanent fix to the debt owed, it can provide some breathing room from the IRS collection activity, such as wage and bank levies.
cancellation of debt:
Although somewhat confusing, this option is about additional income, not cancelling debt, per se. If you have received a 1099-C Cancellation of Debt, you may also receive a notice from the IRS that you owe taxes on this debt forgiveness. We can file for tax relief with the IRS to argue that this Cancellation of Debt is not income, if at the time of the Cancellation, you were truly insolvent.
OTHER OPTIONS include:
Back Taxes / Bank Levy Relief / Federal Tax Liens / Notice of Deficiency / Penalties