Can I reduce my IRS backtax payments? Posted on October 06, 2010

I have 4 years of back taxes I need to take care of. With federal and State combined, about $18,000-$20,000 with interest and penalties. Firstly, is there anyway to get some of the interest and penalties removed? Secondly, I really want to get these taken care of but just cannot pay the high monthly payments they will be demanding every month. Can you help with this? Thanks for your time!

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