If you are discovered by the IRS to owe taxes, they will calculate penalties and interest on any amount due. These can cause a small delinquent tax debt to intensify into an unmanageable amount within a very short period of time. Of the140 or so tax penalties available to the IRS, the most common are failure to file, failure to pay, and fraud. Penalties typically can make up 25% of the total amount owed, but could be even more depending on the type of penalty calculated and the additional interest that will likely be accumulated. We can assist you in negotiating a suitable payment plan and spread the cost of your tax bill over a period that suitable to you.