Get in Touch with the I.R.S. Talk about making a deal with the devil! Seriously, if you owe the Internal Revenue Service money and you cannot pay them back, contact them directly to arrange a repayment plan that works for you. No, they won’t forgive your tax debt, but they can spread out repayment over an acceptable timeframe. Just remember this: any unpaid balance will incur interest charges and further late payments by you will likely involve additional penalties. Read all the “legalese” before signing anything!
Finding tax debt help is the first step in tackling your problem. Ignoring the problem won’t make it go away and may worsen an already bad situation.
Once you have a plan in place, contact your county’s consumer affairs division for free debt counseling. Chances are your tax debt problem is only the tip of the iceberg and further help will be necessary to educated you on how to avoid future mistakes.