There could be a number of reasons why you have tax debt. It could be that you filed incorrect information for some time without knowing it, of that you just didn't file it at all. When you are so busy with everything else, it is easy to make these mistakes. However, when the IRS catches up with you, it's not such an easy situation to deal with. If you do find out that you owe a lot of money and you simply can't pay it all, it may be better to try reaching a settlement with them. True, they may not take away all of your debt, in fact, they probably won't. However, only paying some of the money is better that having to dish out all of it.
You can try to do this by yourself by filling out the forms, and providing them with all of the accurate information to prove your financial difficulty. You can also go through lawyers and various agencies. They are all over the country waiting to help you out of your tough circumstances.
Through this process, whichever way you choose to initiate it, there is a good chance that you will end up having to pay a lower amount than that which you started out with. At this point, the IRS is willing to accept what they consider to be reasonable amounts because they know that there are a lot of people out there who can't pay their debt. That is why this settlement process is there. It's to help people like you out of a bad situation so that you can get on with your life.
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