Identify the balance and the notice
IRS debt calls for a review of the tax years, returns, assessments and collection notices involved. The right discussion begins with what is owed and why, not a promise to eliminate the balance.
Compare the available approaches
Depending on eligibility and financial circumstances, options may include a payment plan, an offer in compromise or a request for temporary hardship-based collection relief. An offer in compromise is not available to everyone and is not guaranteed to be accepted. Filing and current-payment compliance can affect eligibility.
Currently-not-collectible status generally postpones collection because of hardship; it does not erase the debt. Interest and penalties may continue, and the IRS may review your ability to pay later.
Bankruptcy requires a separate analysis
Bankruptcy can affect some tax obligations, but many tax debts are excluded from discharge. The type of tax, relevant filing history and bankruptcy chapter matter. A discharge of personal liability also does not necessarily remove an existing tax lien. An open bankruptcy case affects which IRS resolution options are available, including eligibility for an offer in compromise. Do not assume that older taxes automatically disappear.
Prepare for your consultation
Gather the complete IRS notices, available account transcripts, returns, prior payment agreements and a current financial picture. Tell the office about unfiled returns, pending deadlines, levy notices and prior bankruptcy cases. Ask how to provide these records securely, and which questions require coordination with your tax preparer or another adviser.