Got an unopened IRS letter in a drawer? Tax attorney Jason Wiggam breaks down exactly what to do when you owe the IRS and can't pay.

We cover the first 3 things to do after any IRS notice, how installment agreements and offers in compromise actually work, when currently not collectible status makes sense, and why bankruptcy can sometimes wipe out tax debt. Jason Wiggam, founding partner of Wiggam Law in Atlanta, has helped hundreds of individuals and businesses resolve IRS and state tax debt without panic or shame.

What you'll learn in this episode:

- Why tax trouble happens to smart, successful people, not just "reckless" ones
- The exact documents to gather before your first call with a tax attorney
- How the IRS decides between an installment agreement, currently not collectible status, or an offer in compromise
- Why only 15% of offers in compromise get accepted, and how to know if you'd qualify
- Whether bankruptcy can legally discharge income tax debt
- The 5-step Tax Strategy Playbook for going from IRS notice to full resolution

If you're a real estate investor, business owner, or self-employed professional worried about an IRS letter, audit, or tax debt, this episode gives you a clear, no-shame plan.

00:00 Introduction
01:54 Our Guest - Atty Jason Wiggam
05:55 Tax Trouble Can Happen To Anyone
11:29 The First 30 Days: What To Do First
17:35 The Resolution Playbook
33:53 Life After Resolution and How To Stay Out of Trouble
39:59 5 Step Playbook
43:38 Final Takeaway and Conclusion

🎙️ Listen to the full podcast: https://taxstrategyplaybook.com

📩 Get the free Tax Strategy Playbook newsletter: http://taxstrategyplaybook.com/newsletter

💰 Book a free cost segregation consultation: https://calendly.com/david-weiner/cs

📧 Contact David Wiener directly: mailto:david.wiener@cashflowstrategies.us or call 770-224-8504 ext. 2

🔗 Learn more about Jason Wiggam: http://wiggamlaw.com

New episodes of The Tax Strategy Playbook drop every Tuesday — subscribe so you never miss a strategy that protects your cash flow.

#IRSTaxDebt #TaxStrategyPlaybook #OfferInCompromise