If you can pay any portion of what you owe, do it now — even if you can't file the return yet. Penalties and interest accrue on the unpaid balance, so partial payment limits the damage immediately.
Missed Deadlines
Missed a deadline? Here's exactly what to do.
An IRS deadline missed isn't the end of anything — but the longer you wait, the more it costs. Here's how we walk new clients through the next 48 hours.
Filing late but accurately is far better than not filing. The failure-to-file penalty is ten times larger than the failure-to-pay penalty. We can prepare and file a back return in days, not weeks.
If you owe and can't pay in full, we set up an installment agreement, evaluate Offer in Compromise eligibility, or — in genuine hardship — Currently Not Collectible status. Penalties may be abatable through First Time Penalty Abatement.
If you act before the IRS sends collection notices, you have far more options and better leverage. The window doesn't stay open forever.
What's included
- Late filing
- Failure-to-pay penalties
- First Time Penalty Abatement
- Installment agreements
- Offer in Compromise
- Currently Not Collectible
Excellent knowledge of existing tax laws, wonderful service and very professional. Ilir Nina at ITBS saved me a lot of money, time and headaches dealing with Idaho, California, and the IRS. I am extremely happy with the results. Highly recommended.
04Let's Talk
Whether you have a stack of unopened IRS letters or just want a better bookkeeper — we're an email away.
Tell us a little about your situation. We respond within one business day, and the conversation is confidential.
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