| Getting out of debt is the common Mantra among | | | | debt in full or if you can pay it off in short term |
| financial advisors these days. Getting out of tax debt | | | | installments. |
| is even more important. Not only can the IRS garnish | | | | Work it out - contact the IRS and explain your |
| your wages and wreak havoc on your finances but it | | | | situation. You may be able to work out a payment |
| can ultimately put you in jail. Working out a plan to | | | | plan if you can help the IRS understand that you are |
| pay off IRS tax debt should be a priority for any one | | | | not currently in a position to pay your tax debt. |
| that has tax trouble or that owes back taxes. | | | | Call a time out - there will be times when a taxpayer |
| Tips for Paying of IRS Tax Debt | | | | does not qualify for a payment plan to pay off a tax |
| Do not try to hide - the problem of back taxes or a | | | | debt but when the tax debt is still uncollectable. This |
| tax debt is not going away. The sooner you face up | | | | is when you can ask the IRS to put your file into |
| to the situation then the quicker a solution can found | | | | Currently not Collectible status. This means that the |
| for your problems. | | | | IRS will not take further action on your tax case at this |
| Ask for help - there are many companies and financial | | | | time (usually one year). |
| professionals that specialize in tax debts, back taxes | | | | Debt can be a scary place to be. Having tax debt |
| and tax problems in general. These people will know | | | | can make that place even darker. The best thing |
| who to contact and how to make contact in order to | | | | that you can do to bring your finances out of the |
| begin working out a plan to settle your tax debt. | | | | darkness of tax debt is to begin working with the IRS |
| Offer a Compromise - the IRS may be willing to lower | | | | today to pay off any tax debt. |
| you debt if you are now in a position to pay your tax | | | | |