Tax Relief Services: Step-by-Step Guide to IRS Debt Resolution

If you owe significant tax debt, resolving it quickly and efficiently is crucial to regaining control of your finances. ALTA Tax Relief specializes in helping individuals manage IRS tax debt through structured, manageable solutions. Our step-by-step approach ensures you can navigate the IRS process confidently and take steps toward financial freedom.

Step 1: File Your Tax Returns

Even if you cannot pay your taxes in full, it’s essential to file your tax returns on time. Failing to file can trigger a Failure to File Penalty of up to 25% of your unpaid taxes. Filing your returns ensures you avoid additional penalties and sets the stage for any debt resolution options. For guidance on filing correctly, visit the IRS Filing Basics page.

Step 2: Pay Your Current Taxes

Make sure to stay current with your taxes. Use IRS Direct Pay to make estimated payments.

• Self-employed: Allocate 25–30% of estimated profits to cover income and self-employment taxes (Social Security & Medicare).

• W-2 Employees: Ensure sufficient withholding from your paycheck, typically 10–20% of wages for income taxes.

Staying current prevents penalties from growing and ensures your resolution plan is effective.

Step 3: Explore Your IRS Debt Resolution Options

Every tax situation is unique. ALTA Tax Relief evaluates your case to determine the best resolution option:

• Monthly Payment Agreement

• Offer in Compromise

• Currently Not Collectible Status (Hardship)

Not sure which option fits your situation? Speak with an ALTA Tax Relief expert to receive a personalized plan that works for you.

Step 4: Implement Your Resolution

Once the right solution is identified, we help you implement it:

• Set up your payment agreement with the IRS.

• Submit an Offer in Compromise if applicable.

• Request Currently Not Collectible status for financial hardship.

Your resolution will provide peace of mind, ensuring you know exactly where you stand with the IRS.

Step 5: Stay Compliant

Compliance is critical after your resolution is in place:

• Pay your current taxes on time.

• Make all monthly payments under any IRS Payment Agreement.

• Adjust withholding or estimated payments as your income changes.

Following these steps helps avoid penalties and ensures long-term financial stability.

Step 6: Manage Your Finances

With your IRS debt resolution in place, you can focus on smarter financial decisions. Track your budget, invest wisely, and plan for the future knowing your IRS obligations are under control.

For more strategies on managing your finances alongside tax relief, check out our comprehensive tax relief resources.

Take the Next Step: Regain Financial Freedom

Resolving IRS debt doesn’t have to be overwhelming. ALTA Tax Relief is here to help you every step of the way — from filing to implementing your resolution.

Ready to take control of your IRS debt?

Schedule your free consultation today and start your path to financial freedom.