Trusted Tax Help from John Sterbick and Associates
If you owe back taxes and can’t pay the full amount, don’t panic—but don’t ignore the issue either. Tax debt is a serious matter, but it’s one that can often be resolved with the right strategy and professional support. At John Sterbick and Associates, we help individuals and businesses across Washington navigate IRS tax problems every day.
Here’s what you should do right now if you’re facing tax debt:
1. Open Every IRS Letter You Receive
The IRS communicates through mail—so read every notice carefully. These letters outline how much you owe, including any interest and penalties, and will include important deadlines. Ignoring them can lead to wage garnishments, bank levies, or tax liens. If you’re unsure what a notice means, we can help you interpret it and determine your next step.
2. Evaluate Your Financial Position
Take an honest look at your current financial situation. Ask yourself:
- What can I afford to pay now?
- Are there any assets I can sell to reduce the debt?
- What are my essential monthly expenses?
This self-assessment will help you understand what resolution options might be available—and is also the type of information the IRS will ask for if you apply for relief or payment arrangements.
3. File Any Unfiled Tax Returns
The IRS requires that all past-due tax returns be filed before they’ll consider any kind of relief. Even if you can’t pay your balance, filing on time or catching up on past returns shows good faith and helps you avoid additional penalties. We can assist with preparing and filing those returns quickly and correctly.
4. Explore Your Payment and Relief Options
The IRS offers several programs to help taxpayers who are struggling to pay their debt in full:
- Installment Agreements: Set up monthly payments to spread out your debt. Options include:
- Short-term plans (up to 180 days)
- Long-term plans (typically for larger debts)
- Offer in Compromise (OIC): Settle your tax debt for less than the full amount owed if you can prove financial hardship. The application process is complex—but we’ve successfully helped clients reduce their tax debt through this program.
- Currently Not Collectible Status: If you’re experiencing extreme financial hardship, the IRS may temporarily suspend collection efforts. This doesn’t eliminate your debt, but it gives you time to get back on your feet.
5. Stay in Contact with the IRS
Silence can make your situation worse. The IRS is more likely to work with you if you communicate proactively and demonstrate willingness to resolve your tax issues. If you’re nervous about speaking with them, we can represent you—ensuring your rights are protected and your case is handled correctly.
6. Minimize Future Penalties
The longer your tax debt goes unresolved, the more interest and penalties accumulate. You can reduce these additional costs by:
- Making partial payments, even if you can’t pay in full
- Filing all future returns on time
- Staying current with any new tax obligations
7. Protect Your Income and Assets
If the IRS doesn’t see progress on your case, they may initiate enforced collection actions like tax liens, wage garnishments, or bank levies. The best way to prevent this? Address your tax issue now—with professional guidance if needed.
8. Get Professional Help Today
Resolving tax debt is rarely a one-size-fits-all process. At John Sterbick and Associates, we take the time to:
- Understand your financial situation
- Explain your legal options
- Negotiate with the IRS on your behalf
- Help you regain control of your finances and avoid future problems
You Don’t Have to Face the IRS Alone
If you’re feeling overwhelmed by tax debt, contact John Sterbick and Associates today. We’ll walk you through your options and help you build a plan that works.
📞 Contact us here to schedule a confidential consultation.
