IRS Negotiation FAQ's

Top Bankruptcy Attorneys and Home Foreclosure Defense Attorneys.

Over 750 ★★★★★ Google Reviews

brad sadek

Contact Our Attorneys Today

bbb badge
three best badge
rated by super lawyers sadek

At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

IRS Negotiation FAQ’s

The two primary methods of tax debt negotiation with the IRS are an Officer In Compromise (OIC) and an Installment Agreement.

An Offer In Compromise (OIC) is an agreement between a taxpayer and the IRS that lets you settle your tax liabilities for less than the full amount you owe, provided that paying the full tax debts creates a financial hardship.

The 5 types of Installment Agreements you can make with the IRS:

  • Guaranteed installment agreement: Reserved for taxpayers with $10,000.00 or less in unpaid taxes.
  • Streamlined installment agreement: Intended for taxpayers owing $25,000.00 or less.
  • Financially verified installment agreement: Taxpayers who owe more than $25,000.00 or more may consider this option.
  • Installment agreement over $100,000.00: The IRS will mandate the sale of some assets as a precondition for the installment plan.
  • Partial payment installment agreement: If you are unable to pay your taxes, you may pay less than you owe in full over time.