Unpaid Taxes

If you have unpaid tax liabilities, the IRS has multiple collection tools at its disposal. Taking action early is critical — the longer you wait, the more penalties and interest accrue, and the more aggressive the IRS becomes.

Offers in Compromise

An Offer in Compromise allows you to settle your tax debt for less than the full amount owed. The IRS considers your ability to pay, income, expenses, and asset equity when evaluating your offer.

Not every taxpayer qualifies, but when the numbers support it, an Offer in Compromise can dramatically reduce your tax liability. We prepare thorough financial analyses to present the strongest possible case to the IRS.

Penalty Abatement

We can request abatement of penalties if you have reasonable cause for late filing or late payment. The Late Filing Penalty alone can be 25% of the unpaid balance — removing it can save you thousands.

Common reasonable cause arguments include illness, natural disaster, reliance on a tax professional, and other circumstances beyond your control.

Installment Agreements

If you cannot pay your full tax liability at once, we negotiate structured payment plans with the IRS on your behalf. Installment agreements stop levy and garnishment actions while you pay down your balance over time.

Currently Not Collectible (CNC) Status

If you truly cannot pay, we can demonstrate financial hardship to the IRS and request Currently Not Collectible status. This temporarily halts IRS collection actions, giving you breathing room while your financial situation stabilizes.

Dual-Licensed Attorney & CPA

As a dual-licensed Attorney and CPA, Philip Falco provides comprehensive representation that combines legal advocacy with precise financial analysis. Your communications are protected by attorney-client privilege, and your financial disclosures are prepared with CPA-level accuracy.

Contact Us

Do not wait for the IRS to escalate collection. Call (303) 626-7000 or email Phil@ColoradoLegal.com to discuss your unpaid tax situation.