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IRS.gov Website

Frequently Asked Tax Questions

IRS Procedures - Collection Procedural Questions

  1. I am unable to pay my delinquent taxes. Will the IRS accept an offer in compromise?
  2. Will I be charged interest and penalties for filing and paying my taxes late?

Rev. date: 11/07/2016

I am unable to pay my delinquent taxes. Will the IRS accept an offer in compromise?

You may qualify for an offer in compromise (OIC) if you're unable to pay your taxes in full, or are facing economic hardship or other special circumstances. Refer to Tax Topic 204 - Offers in Compromise, for more information.
The following details the application process and the items you need for consideration of your application:
If your application is rejected and you're unable to pay your delinquent taxes in full now, you may be eligible for other payment options. Refer to Tax Topic 202 - Tax Payment Options, for more information.

Rev. date: 11/07/2016

Will I be charged interest and penalties for filing and paying my taxes late?

Yes, when you file your tax return late, you'll be charged interest on any unpaid balance and you may also be subject to failure to file and failure to pay penalties.
Interest accrues on the unpaid balance and compounds daily from the due date of the return (without regard to any extension of time to file) until you pay the balance in full.
Failure to pay penalty is charged for failing to pay your tax by the due date.
Failure to file penalty is charged on returns filed after the due date or extended due date, absent a reasonable cause for filing late.
Note: If you feel a penalty or interest has been assessed in error, you may request abatement. Refer to Publication 1, Your Rights as a Taxpayer.