I just found out I owe $7000-10000 to the IRS. HELP!?
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I just found out I owe between $7,000 to $10,000 in taxes to the IRS for the 2006 tax year. I'm 24, unemployed, and already have $2,000 in credit card debt. Besides setting up an installment plan with the IRS, what else should I do? I've heard it's possible to get a personal bank loan for under $10,000, even if you don't own a home (which I don't). Is there any way I can get a private loan to pay off the IRS, once I get a job? Thanks!
I just found out I owe $7000-10000 to the IRS. HELP!?You could file an offer in compromise. It is done with an IRS form 656. While the form is a little complex it comes with instructions. Go to IRS.gov and find a copy of that form and review it to see if it is something that you can do.
I just found out I owe $7000-10000 to the IRS. HELP!?If you have a bank definately get a loan from them right away!
I just found out I owe $7000-10000 to the IRS. HELP!?move to canada!
I just found out I owe $7000-10000 to the IRS. HELP!?Leave the U.S. and never come back, take your loved ones and personal belongings. God help you
I just found out I owe $7000-10000 to the IRS. HELP!?relocate to the Bahamas or Caiman islands
I just found out I owe $7000-10000 to the IRS. HELP!?DO NOT GET A PERSONAL LOAN!!!! Here's what to do dude....you need to speak to a financial counselor, one who specializes in dealing with the IRS....I was 22 years old, a struggling student, I had over 14 grand in credit card debt PLUS I owed 5 thousand to the IRS.....Do what I did, I went to a credit counselor first....he dealt with my credit card debt, he contacted my creditors, got the amounts reduced to over 50% less than I owed overall and set up a payment plan....then I went to a financial advisor that specialized in dealing with the IRS....they took into account my credit card payments, and were able to negotiate with the IRS to lower my overall debt to 2 grand, and get me a reasonable payment plan....
You need to get employed right away.....if theres no reason (disability, injury, etc) that your not working you need to get working.....go to an employment agency and request a job that pays at least $12 an hour.....you WILL be able to pay off your debts in less than a year if you hustle at it....I had my debts payed off in one year....Don't worry man, do as I said and you will be debt free....but remember, DO NOT GET A PERSONAL LOAN, because a)this is not helping fix the overall problem and b)you will get screwed over in the long run because they will charge you an arm and a leg on interest....
Do as I said and I guarantee you will be debt free in no time!
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