You Might Qualify to Reduce Your IRS Debt by 90% — Here Are 4 Relief Programs That Can Help

If the thought of owing the IRS thousands keeps you up at night, you’re not alone. Here’s the truth most taxpayers don’t realize: you may qualify for an IRS debt relief program that could cut your tax bill by up to 90%.

At Watson on Taxes, we’ve helped clients slash six-figure debts down to pennies on the dollar by negotiating with the IRS and securing the best possible outcome. Below, we break down the top 4 IRS debt relief programs and show you how they work.

Top 4 IRS Debt Relief Programs That May Cut Your Tax Bill by 90%

1. Offer in Compromise

• What it is: An Offer in Compromise is an agreement to settle your tax debt for less than the full amount owed.

• Who it helps: Taxpayers who have demonstrated limited ability to pay after factoring in income, assets, and expenses.

• Why it matters: Clients we’ve represented have slashed six-figure debts to single-digit percentages of the original balance.

Real Result: A client owed $95,000 — Watson on Taxes negotiated it down to just $600.

2. Installment Agreements

• What it is: A payment plan that allows you to pay your debt in affordable monthly installments.

• Who it helps: Taxpayers with steady income but not enough cash flow to pay in full.

• Why it matters: Prevents aggressive IRS collection actions (levies, garnishments) and helps stop interest from spiraling.

Real Result: We’ve helped clients qualify for manageable payment plans, including partial payment agreements based on income and expenses.

3. Currently Not Collectible (CNC) Status

• What it is: A temporary pause on IRS collection activity when paying would cause financial hardship.

• Who it helps: Taxpayers whose income is below the IRS living expense standards.

• Why it matters: CNC status halts liens, levies, and garnishments — giving clients breathing room to stabilize their finances.

Real Result: We've successfully had clients' wage garnishments paused while we negotiated their longer-term resolution.

4. Penalty Abatement

• What it is: The removal of IRS penalties when there’s reasonable cause (illness, natural disaster, first-time penalty).

• Who it helps: Taxpayers with valid explanations for late filings or payments.

• Why it matters: IRS penalties can equal or even exceed the original tax bill. Penalty abatement can save thousands.

Real Result: We’ve secured penalty abatements that cut thousands from our clients’ tax liabilities.

Why Work With Watson on Taxes for IRS Debt Relief?

Each of these IRS relief programs comes with strict eligibility rules and complex paperwork. One misstep can mean denial. That’s why working with an experienced partner matters.

At Watson on Taxes, we:

• Analyze your full financial picture to determine the best relief option(s)

• Prepare and submit accurate, compelling applications

• Negotiate directly with the IRS on your behalf

• Secure outcomes that reduce stress and restore financial stability

Start Your IRS Debt Relief Assessment Today

Don’t let your IRS debt grow unchecked. Watson on Taxes has a proven track record of helping clients reduce their tax burdens. Whether you owe back taxes, face penalties, or are struggling under collections, there’s a path forward.

Contact Watson on Taxes today for your personalized IRS debt relief assessment.