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Owe the IRS? Here’s What to Do About Past-Due Taxes

Owe the IRS? Here’s What to Do About Past-Due Taxes

If you’re feeling overwhelmed because you owe the IRS past-due taxes, you’re not alone—and you’re not without options. At Jones Tax Solutions, we help Minnesotans like you face IRS debt with confidence and clarity.

First, Don’t Panic—But Don’t Ignore It

Owing back taxes can trigger serious consequences, including wage garnishments, tax liens, or levies on your bank account. But the worst thing you can do is ignore the problem. The IRS has a long memory and powerful collection tools—but they’re also willing to work with taxpayers who take proactive steps.

Understand Your Balance

Start by reviewing any IRS notices you’ve received. If you’re unsure what you owe or why, you can request a tax transcript or log into your IRS account online. Still feeling lost? Our team at Jones Tax Solutions can help you break down your tax balance and understand how interest and penalties are adding up.

Know Your Options

Here’s some good news: the IRS offers multiple programs to help you resolve your debt.

  • Installment Agreement: Pay over time in monthly installments.
  • Offer in Compromise (OIC): Settle your tax debt for less than you owe, if you qualify.
  • Currently Not Collectible (CNC): Pause IRS collections if you’re experiencing financial hardship.
  • Penalty Abatement: Reduce or remove penalties if you’ve got a good reason—like illness, natural disaster, or other extenuating circumstances.

Each option has strict qualifications and paperwork requirements, but we know how to navigate them.

Why Work with a Local Tax Professional?

At Jones Tax Solutions, we don’t take a one-size-fits-all approach. We’re based right here in Minnesota, and we understand both federal and state tax systems. Whether you’re dealing with the IRS, the Minnesota Department of Revenue, or both, we advocate for you—not the government.

We’ll review your case, explain your best options, and file the necessary forms to protect your income, assets, and peace of mind.

Let’s Talk—Confidentially

You don’t have to face the IRS alone. Whether you owe $5,000 or $50,000+, we can help you take the first step toward resolution. The longer you wait, the harder it becomes—so let’s start today.

Call us or visit JonesTaxHelp.com to schedule a free consultation.

Jones Tax Solutions – Honest Answers. Real Relief. Local Expertise.

Serving Eden Prairie, the Twin Cities, and greater Minnesota.