Tax debt occurs when a taxpayer finds him or herself behind or defaulting on taxes. This may be the result of inability to pay immediately, a failure to file the proper forms and accompanying data or economic hardship. There are many different types of tax debt relief. These are obtainable under the guidance of an experienced tax debt attorney. A taxpayer can also navigate the system on his or her won to accomplish tax debt relief in some form or another. The basic types of tax debt relief are an Offer in Compromise, an Installment Agreement and obtaining Currently Not collectible Status. Other possible means of achieving some form of tax debt relief include tax penalty abatement. This will decrease the amount of penalty you are required to pay for improperly filing, failing to file or not paying your taxes. A feasible way to fo when an Offer in Compromise is not possible is a payment plan. The IRS is amenable to a payment plan whenever it is a logical and practical way to reduce the tax debt.