Taxes are already complicated, and things can get messy if you get behind on paying them. When taxes are delinquent or overdue — typically from previous years — they are referred to as “back taxes.” And if you owe them, you might be wondering about tax relief.

IRS payment plans:

If you need more time to pay your tax bill, the IRS will probably give it to you in the form of a payment plan. A payment plan will allow you to pay back your overdue tax bill (plus accrued interest and fees) as installments over a period of time.

The IRS offers two types of installment plans — short-term and long-term.

4. Tax Relief: How to Get Rid of Your Back Taxes

Offers in compromise:

You might be able to find tax relief through what’s called an “offer in compromise.” This lets you settle your back taxes with the IRS for less than you owe. According to the IRS, it may be an option if you absolutely can’t pay your tax debt or if doing so creates a financial hardship.

People owing less than $250,000 are now permitted to set up installment plans without the need for prior authorization or additional income verification. The IRS also facilitates an Online Payment Agreement where taxpayers with Direct Debit Installment Agreements are permitted to request lower monthly payment amounts and different recurring due dates.

Are you drowning in debt?

If so, you’re not alone. The average American is $8,400 in credit card debt, and over 1/3 of Americans live paycheck to paycheck. But, it doesn’t have to be this way. Debt Relief companies out there can help reduce your outstanding debts with a regulated plan that will get you back on track financially.

Debt relief is a confusing topic. There are so many companies, and they all promise to help you get out of debt. But how do you know who to trust? How much will it cost? And what’s the best option for your situation?