There are five and only five strategies for getting out of debt.
1. Installment Agreement: a monthly payment plan for paying off the IRS.
There’s no “secret sauce” in paying off tax debts.
These are the only five ways of getting out from under the IRS’ aggressive debt collection tactics. Finding a knowledgeable Tax Professional is key to not compounding your mistakes.
There are potential pitfalls and advantages to any of the above solutions but going it alone could be disastrous to your financial situation. If you make the wrong decision.
Some tax professionals make promises that are unrealistic so you need to find one who will focus on your unique financial situation and determining what the best course of action is for you.