Past due and unfiled returns resolution
I'm looking to get in good standing and get a payment plan that I can afford. If possible I'd like some penalty abatements and a settlement, however I am understanding if it's not possible. If I can get mercy than it'll help me get back in good standing faster but I realize my obligations and consequences.
I've avoided filing for several years. The IRS sent a final notice recently from a SFR they did on 2019. That amount due with the penalties and interest is 8k. I didn't withhold enough so I will owe. When I contacted the IRS they gave some protected amounts I'll owe for last five years. If i recall correctly it was in the range of 2-3k/yr for all but one year, which was 8k. I think I figured its about 24k total. But that's without the fees and interest.
I've called around to some local CPA and Enrolled Agents. I haven't had much luck getting in contact with anyone. I've also called some tax relief hotlines. What ive been told was a local company needed 500 retainer. 2OO-300 an hour and 500 for each return. So thats a few grand out the gate and who knows how much to work on abatements and settlement even if that's possible. I know there's no guarantee. But at least a peace of mind with a local professional. The national tax relief was 5-8k. And that's for everything, whatever that may entail.
I don't known what to do at this point. One guy advised I could just file them myself. Im not opposed to that idea and even try to work a payment agreement myself. I just want the benefit of doing it right and explore the right avenues.
I don't know if I can afford the payments they might offer. And understand they might scrutinize my earnings vs expenses in order to decide. I don't know if I'll qualify for any breaks or extended term.
I'm overwhelmed with it all but determined to get this behind me. Any advice how to proceed. I welcome any help and will answer any questions to help for clarity.