Difficulty: Moderately Easy
Instructions
-
Step 1
The first step to settle your irs debt is to communicate with them. They will need an honest budget of what you can afford to pay. If you make very little sometimes the irs will settle with you for less than the total amount you owe.
-
Step 2
If you want to make an offer to settle your debt with the irs you should hire a CPA or lawyer who practices in front of the irs. They will be able to put forth a fair offer to the irs and possibly they will lower the amount you owe.
-
Step 3
If you make a payment plan with the irs make sure to keep on time with each payment. If you have any real problems paying back what you owe make sure to notify the irs of your situation. Make sure you understand your responsibilities under any agreement you agree to.
