Posted on
September 2, 2009
at
10:51 pm
I have had tax debt, among other debts, and I am wondering how I can settle with the IRS.... I am wondering if I am able to set up a payment arrangement with them or if I can consolidate them with the others that I have, namely with credit card and car debts. Hope you can be of help. Thanks
Posted on
September 3, 2009
at
12:28 am
Right, you do need to get it settled as immediately as possible. As far as I know there are some qualifiers in order to be able to settle. One risk of having tax debt is that you may end up losing your home, bank account, automobile, and even your paycheck.
Posted on
September 3, 2009
at
1:25 am
To answer the question, "how can I settle with the IRS" . . . doublejeopardy is right, you have the right to avail of an installment agreement based on certain qualifiers. For one, the amount you owe should be $10,000 or less. Also eligibility involves having a good payment record with them for the past five years, meaning you've been faithfully and consistently fulfilling your obligations with them for the past five years, by paying your taxes and filing your tax returns in a timely manner.
Posted on
September 3, 2009
at
2:14 am
Some other qualifications: * The individual has not applied for an installment within the aforementioned five-year period.* The IRS can vouch for the fact that the individual cannot pay for the full amount of taxes that he or she currently owes. * The individual agrees to pay for the full amount of the loan within a three-year period.
Posted on
September 3, 2009
at
2:45 am
I've also heard somewhere that even if your debt amount is larger than $10k and you haven't really been a hundred percent faithful with your agreements w/the IRS previously, you may still be able to apply for a settlement, if you can convince them that you can stick with it. Don't know if this is 100% true tho.
Posted on
September 3, 2009
at
3:00 am
While settling a debt with the IRS seems like a good idea, I'm afraid that it only has a 2% approval rate among consumers....
Posted on
September 3, 2009
at
3:14 am
that's so scary. how can i settle with the IRS if that's the case then.what are my other options??
Posted on
September 4, 2009
at
1:11 am
Well, you can always file for bakruptcy if that;s not the best way to deal with your tax debt... right?
Posted on
September 4, 2009
at
2:13 am
You may also opt to fill out a form on DestroyDebt.com, and from there you'll be matched with a qualified provider. The service is free, and it won't hurt.
Posted on
September 4, 2009
at
3:00 am
i might end up filing for bankruptcy if i do so... help
