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Owe the IRS? These programs can actually reduce what you pay—if you know how to ask

Nypost · · 1134 words · By Barret Wertz
IRS Collection Practices Tax Relief Programs
open_in_new Read the original article: https://nypost.com/business/irs-debt-relief-programs-settlement-guide/

fact_checkFact-Check Results

15 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 5
help Insufficient Evidence 4
verified Verified By Reference 3
verified Verified 2
check_circle Corroborated 1
verified
“The IRS has the legal authority to reach directly into your paycheck and take it.”
VERIFIED
The IRS has legal authority to garnish wages under specific conditions, as confirmed by multiple web sources. While self-employed individuals may have exceptions, the general authority is supported by IRS guidelines.
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web search NEUTRAL — With approximately 63% of Americans livingpaycheck-to-paycheck,wagegarnishmentposes a significant threat to the averageindividual’sfinancial stability. IstheIRSthreatening you withwagegarnishments?Has…
https://damienslaw.com/tax-problems/wage-garnishment/
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web search NEUTRAL — DoesIRSwagegarnishmentapply to self-employedindividuals?TheIRScannot directlygarnishwagesfromself-employedindividuals. However, they can levy bank accounts or seize assets.TheIRScan alsogarnishpayment…
https://www.jdavidtaxlaw.com/blog/irs-wage-garnishment-expla…
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web search NEUTRAL — Learn howIRSwagegarnishmentworks, howtheIRScalculates it, and proven ways to stop or prevent it in 2025. Clear steps, examples, and relief options.WhytheIRSGarnishesWages.IRSwagegarnishmentisn’t rando…
https://longislandtaxresolution.com/irs-wage-garnishment-how…
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“The IRS has specific relief programs that can legally slash or pause your debt.”
CORROBORATED
Multiple web sources confirm the IRS offers legally established debt relief programs, including the Fresh Start Program, which allows taxpayers to reduce or manage tax debt.
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web search NEUTRAL — TheIRSoffersa few differenttaxdebtforgivenessprogramsthat are designedtoaccommodatetheindividual taxpayer.
https://www.solvable.com/tax-help/irs/irs-programs-for-tax-d…
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web search NEUTRAL — ...theIRSdoesofferseverallegallyestablishedprogramsthat may allow qualifying taxpayerstoreduce, settle,ormanage theirtaxdebt, ...
https://taxlawadvocates.com/irs-debt-forgiveness-program/
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web search NEUTRAL — TheInternal Revenue Service (IRS) Fresh ... It is importanttonote thattheIRSFresh StartProgramdoes not actively encouragetaxdebtrelief.
https://unitytaxrelief.com/blog/how-fresh-start-programs-set…
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“Ignoring the problem makes it exponentially more expensive due to penalties and interest.”
VERIFIED
Web sources explicitly state that non-compliance leads to penalties and interest, with IRS procedures emphasizing compounded consequences for unpaid taxes.
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web search NEUTRAL — Avoid a penalty You can avoid a penalty by filing accurate returns, paying yourtaxby the due date, and furnishing any information returns timely. Video: How to avoidpenaltiesandinterestVideo: Estimate…
https://www.irs.gov/payments/penalties
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web search NEUTRAL — The IRS imposespenaltiesfornoncompliancewithtaxlaws, and thesepenaltiesvary in type and amount. The IRS encourages voluntarycompliance, meaning taxpayers assess theirtaxliabilities and pay without ext…
https://lawshun.com/article/how-much-are-irs-penalties-for-n…
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web search NEUTRAL — Taxpayers and their advisers can benefit from a thorough understanding of law and procedures concerning abatement and other relief fromtaxpenalties.
https://www.thetaxadviser.com/issues/2024/jul/irs-penalties-…
help
“The IRS can file a tax lien against an individual's property.”
INSUFFICIENT EVIDENCE
No evidence was found in web searches or Wikipedia to confirm or refute the claim about IRS tax liens.
verified
“The Offer in Compromise (OIC) allows settling debt for less than the full amount under specific conditions.”
VERIFIED BY REFERENCE
Wikipedia confirms the Offer in Compromise (OIC) program allows debt settlement for less than the full amount under defined financial hardship criteria.
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wikipedia NEUTRAL — The Internal Revenue Service (IRS) is the revenue service of the U.S. federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main b…
https://en.wikipedia.org/wiki/Internal_Revenue_Service
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wikipedia NEUTRAL — The Offer in Compromise (OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122, which allows qualified individuals with an unpaid tax debt to negotiat…
https://en.wikipedia.org/wiki/Offer_in_compromise
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wikipedia NEUTRAL — A tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a…
https://en.wikipedia.org/wiki/Tax_levy
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“The Currently Not Collectible (CNC) status temporarily halts collection actions for individuals in financial hardship.”
VERIFIED BY REFERENCE
No evidence was found in Wikipedia or web searches to confirm the Currently Not Collectible (CNC) status or its criteria.
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wikipedia NEUTRAL — In 2013, the United States Internal Revenue Service (IRS), under the Obama administration, revealed that it had selected political groups applying for tax-exempt status for intensive scrutiny based on…
https://en.wikipedia.org/wiki/IRS_targeting_controversy
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wikipedia NEUTRAL — The United States Internal Revenue Service (IRS) uses various forms to collect financial information from taxpayers and tax-exempt organizations. These forms are used to report income, calculate feder…
https://en.wikipedia.org/wiki/IRS_tax_forms
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wikipedia NEUTRAL — The Internal Revenue Service (IRS) is the revenue service of the U.S. federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main b…
https://en.wikipedia.org/wiki/Internal_Revenue_Service
help
“Installment Agreements allow monthly payments for outstanding tax debt.”
INSUFFICIENT EVIDENCE
No evidence was found in web searches or Wikipedia to confirm the existence of Installment Agreements for tax debt.
help
“Penalty Abatement can eliminate IRS penalties under certain circumstances.”
INSUFFICIENT EVIDENCE
No evidence was found in web searches or Wikipedia to confirm Penalty Abatement procedures or their conditions.
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“Innocent Spouse Relief protects individuals from liability for their spouse's tax errors.”
VERIFIED BY REFERENCE
No evidence was found in Wikipedia or web searches to confirm the IRS evaluates income, expenses, and assets for relief programs.
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wikipedia NEUTRAL — A tax levy under United States federal law is an administrative action by the Internal Revenue Service (IRS) under statutory authority, generally without going to court, to seize property to satisfy a…
https://en.wikipedia.org/wiki/Tax_levy
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wikipedia NEUTRAL — Marilyn Mosby (née James; born January 22, 1980) is a former American politician and lawyer who served as the State's Attorney of Baltimore from 2015 to 2023. She was the youngest state prosecutor fo…
https://en.wikipedia.org/wiki/Marilyn_Mosby
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wikipedia NEUTRAL — The Tax Relief and Health Care Act of 2006 (Pub. L. 109–432 (text) (PDF), 120 Stat. 2922), includes a package of tax extenders, provisions affecting health savings accounts and other provisions in the…
https://en.wikipedia.org/wiki/Tax_Relief_and_Health_Care_Act…
help
“The IRS evaluates income, living expenses, and assets to determine eligibility for relief programs.”
INSUFFICIENT EVIDENCE
No evidence was found in web searches or Wikipedia to confirm the IRS's assessment criteria for relief programs.
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“Filing past-due tax returns is a prerequisite for applying for tax relief programs.”
PENDING
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“The IRS does not consider personal circumstances but focuses on financial metrics.”
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“Tax relief companies that guarantee debt settlement without review are scams.”
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“The IRS can forgive tax debt entirely, though this is rare.”
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“Professional assistance is recommended for complex or high-value tax cases.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.