09/30/2026
💡 Did You Know?
Owing the IRS $25,000 does NOT necessarily mean you have to write a $25,000 check today. 😳
That number on the IRS notice tells you what the IRS says you owe. It does not tell you what resolution options may be available to you.
Depending on your financial circumstances, you may qualify for options such as:
💰 An installment agreement
🤝 An Offer in Compromise
⏸️ Currently Not Collectible status
📄 Penalty relief
⚖️ Other IRS collection alternatives
Here’s the important part: your income, expenses, assets, equity, compliance, and ability to pay can all matter when determining your options.
So before you panic over the number on that notice… 🛑
Get the facts. Understand your options. Then make your financial decision. 💚
Sometimes the amount you owe and the amount you ultimately have to pay are two very different conversations. 😉
— Tracie Lowe, CPA
📞 813-685-8400
🌐 TracieLoweCPA.com
CPA TaxRelief