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Posted: Fri Jan 12, 2007 5:57 am Subject: IRS debt

I owe 15,000 to the IRS since 1998. I have been put on a payment plan but I can't afford it. $400.00 per month. I have heard of IRS tax settlement agenies are they scams too. I know one that charges 3,500 to settle. If I had that I would send it to the IRS. Any suggestions?

Posted: Fri Jan 12, 2007 9:05 am Subject:

I don't know anything about those settlement agencies, but I would check tham out with the BBB. Sometimes if you speak with the IRS, they will settle for a smaller amount. A friend of mine paid for years, and finally got them to settle for a lower amount. Speak with them, tell them you can't afford the payment, but want to get this settled,can't hurt, and maybe it will do some good..Good Luck..Karen

Posted: Fri Jan 12, 2007 9:10 am Subject: IRS debt

thank you bossy4455, never thought of asking the IRS to settle will try it

Posted: Fri Jan 12, 2007 10:59 am Subject:

How much have you paid by now as per the payment plan? Chances of negotiations will provide better results if you have paid at least half of the total debt. Since this is a federal debt, you don't want to mess it around.

Posted: Fri Jan 12, 2007 11:21 am Subject: IRS debt

the amount started at $19,000 when I was put on the payment plan 2 years ago, but it started at 200 per month I sent 500 but I was married.......now I am divorced and poor........I can't even afford 200 a month

Posted: Fri Jan 12, 2007 11:44 am Subject:

I am sorry to hear about your problems. Talk to a debt counselor for your options. Few companies consolidate IRS debts. Since this is a federal debt, the govt will not spare your payments. I am not trying to increase your worries, but I want you to be prepared of the consequences that can happen if you don't pay. Do you have any insurance or 401K plan?