The problem Owing money to the IRS is not a situation you want to be in, but if you're already in this situation here are some helpful tips to get you out of this hole.
Solutions 1.
Try to negotiate- If you owe less than $10,000 to the IRS you can definitely settle this on your own.
Keep in mind that when coming to agreement of a settlement or payment option you do not want to back fire on it.
My suggestion to monthly payments is to realize where you stand financially.
That way you can make sure you can make those payments on time and without fail.
2.
Get help- If you owe the IRS more than $10,000 I would suggest an IRS debt consolidation company to help you out.
This can benefit you since they will be doing all the negotiating for you, and since they are professionals they will know exactly what option will best benefit you.
Getting someone by your side for this will definitely put you at ease knowing you're in good hands and that the problem is being resolved.
3.
Don't ignore it- I now it's tempting just to keep it out of mind, but that's the last thing you want to do when it comes to an IRS debt.
You will find that putting this problem on hold will just make a bigger mess.
You will get penalties for not taking action and solving this problem right away.
The more you wait the more you are likely to get a hold on your pay and even have them take something you own.
Like your house or even your business.
Final thought There is IRS tax debt settlement help for those who are open and willing to come to an agreement.
I know this can be scary but you will feel much better once you have come to an agreement and solved the problem.
previous post
next post