If you’re living in Charlotte and owe back taxes you can’t afford to pay, you’re not alone—and you have options.
The IRS doesn’t want to bankrupt you. But they will take action if you ignore the debt. That’s why it’s critical to get proactive before they place a lien or levy your bank account.
Polaris Tax & Accounting works with individuals and small business owners across Charlotte to stop collections, file missing returns, and resolve IRS balances—without panic.
Why You Shouldn’t Ignore an IRS Balance
Unpaid IRS debt compounds fast. Here’s what you may face:
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Failure-to-pay penalties (0.5% per month, up to 25%)
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Daily interest accrual
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Bank levies and wage garnishments
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Tax liens filed in public records
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Passport revocation for larger debts
If you’ve received a CP14, CP504, or LT11 notice, time is running out.
What Are Your IRS Debt Resolution Options?
If you can’t pay the full amount, the IRS offers multiple paths forward:
1. Installment Agreement (Payment Plan)
Break your balance into manageable monthly payments over 6–72 months. Often the best solution if you just need time.
2. Currently Not Collectible (CNC)
If you’re experiencing financial hardship, we may qualify you to have collections paused entirely—without needing to pay right now.
3. Offer in Compromise (OIC)
In rare cases, the IRS may accept less than you owe. You must prove that paying in full would create severe financial hardship.
4. Penalty Abatement
We can often reduce or eliminate penalties by showing reasonable cause—especially if this is your first offense.
5. Partial Payment Agreement
A hybrid plan allowing reduced monthly payments when full repayment isn’t realistic.
What You Shouldn’t Do
❌ Don’t ignore the letters
❌ Don’t file for bankruptcy without speaking to a tax professional
❌ Don’t wait for the IRS to levy your bank account
❌ Don’t assume you’re ineligible for help
How Polaris Tax & Accounting Can Help
As licensed Enrolled Agents, we represent clients in Charlotte and statewide. Our process:
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Analyze your IRS transcripts and notices
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Review your income, expenses, and assets
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Recommend the most strategic path (Installment, CNC, OIC, etc.)
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File the necessary IRS forms and negotiate directly on your behalf
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Stop garnishments and protect your assets
You don’t have to face the IRS alone.
Don’t Let Fear Delay Action
Many clients feel overwhelmed and ashamed—but the IRS is more reasonable when you respond early. We don’t judge. We solve.
Call Polaris Today
📞 704-947-3178
✅ Discreet, licensed IRS representation
📍 Based in North Carolina, serving all of Charlotte
🔗 Charlotte IRS Tax Help Page »