There are enough financial obligations in life without having to worry about back taxes. Those tax auditors can be swift sometimes on picking up on missed monies and they are even faster to put those penalties in place. With the balance, interest and other fees, it could amount to thousands of dollars. There aren't many people who would be willing to give this amount to anyone, let alone the IRS.
Well, there is another option, and yes, it has been ridiculed, and still is, but it might just work for you. There is a chance that you have already heard of it. The one and only: the tax debt settlement. You might be skeptical like lots of other people, but it should be mentioned that thousands of others have tried and been successful. If you can prove that you are having financial difficulty and cannot pay the debt, then there is a likely chance for you to succeed.
There are a couple of options that you have in going ahead with proposing a settlement. Those would be either doing it yourself, or hiring a professional to help you. If you choose to do it alone then you can find all sorts of information on the internet of how to complete the process. There are lots of hints and tips for handing in a successful proposal. If you decide to hire someone to help you out then read the fine print on the contract that you sign.
When you are approved for that settlement and realize how much easier it is to pay the agreed upon payments, you won't regret having made a settlement.
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