Can a Tax Professional Help Me If I Owe the IRS?
- In The Moment Financial Services
- Aug 6
- 3 min read
Finding out that you owe the IRS can feel overwhelming.
Whether you received a tax bill, opened an unexpected IRS notice, or simply know you haven't been able to pay what you owe, you're probably wondering what to do next.
The good news is that owing the IRS doesn't mean you're out of options. In many cases, working with a tax professional can help you understand your situation, explore available solutions, and create a plan to move forward.
At In The Moment Financial Services, we help individuals and small business owners understand their tax obligations and navigate situations involving IRS balances, unfiled tax returns, and payment options.
First Things First: Don't Ignore It
One of the biggest mistakes people make is avoiding the problem.
It's understandable—receiving an IRS notice can be stressful. But ignoring letters or delaying action can lead to additional penalties, interest, and more complicated issues over time.
The sooner you understand your situation, the more options you may have.
How Can a Tax Professional Help if I Owe the IRS?
Every situation is different, which is why it helps to have someone review your specific circumstances.
A tax professional can help you:
Review your IRS notices and explain what they mean.
Determine exactly how much you owe.
Make sure all required tax returns have been filed.
Identify any errors or missed deductions.
Discuss payment options that may be available.
Help you create a plan for staying compliant moving forward.
Sometimes the biggest benefit is simply having someone explain everything in plain language so you know what steps to take next.
What If I Can't Pay My Tax Bill?
Many people assume they have to pay the entire balance immediately.
That's not always the case.
Depending on your circumstances, the IRS may offer payment options that allow you to pay over time. The right solution depends on your financial situation, how much you owe, and whether all of your required tax returns have been filed.
A tax professional can help you understand your options and determine the best path forward.
What If I Haven't Filed My Taxes?
If you have one or more years of unfiled tax returns, that should generally be addressed before exploring payment options.
Filing your returns helps establish what you actually owe and can prevent additional filing-related penalties from continuing to accumulate.
Many people put off filing because they're worried about the outcome, but delaying often makes the situation more difficult than it needs to be.
Can Small Business Owners Get Help Too?
Absolutely.
Business owners may face additional tax responsibilities, including self-employment taxes, payroll taxes, or business tax filings.
If you're behind on business taxes or have received IRS correspondence, it's important to understand your obligations and address the issue as soon as possible.
Why Work With In The Moment Financial Services?
As a Black-owned tax and financial services firm based in Philadelphia, we're committed to helping clients navigate challenging tax situations with professionalism, compassion, and clear communication.
Whether you're dealing with an IRS balance, catching up on prior-year tax returns, or simply trying to understand your options, we'll take the time to explain your situation and help you develop a practical plan.
Our goal isn't to make you feel judged, but instead to help you move forward with confidence.
Owe the IRS? Don't Wait to Get the Answers You Need
If you owe the IRS, the most important step is taking action.
The sooner you understand your situation, the sooner you can begin working toward a resolution.
Whether you need help reviewing an IRS notice, filing prior-year tax returns, or discussing your options, we're here to help. Let's review your situation together and create a plan that helps you move forward with confidence.
📅 Schedule Your Tax Consultation Today To Get Started!
Frequently Asked Questions
Can a tax professional help if I owe the IRS?
Yes. A tax professional can review your tax situation, explain IRS notices, help ensure your tax returns are up to date, and discuss potential payment options based on your circumstances.
Should I ignore an IRS notice if I can't pay?
No. Even if you're unable to pay immediately, it's important to review the notice and understand your options. Ignoring IRS correspondence can make the situation more difficult over time.
What if I haven't filed taxes for several years?
It's often best to address unfiled tax returns as soon as possible. Filing prior-year returns can help determine your actual tax liability and is frequently an important step toward resolving outstanding tax issues.
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