Paying Taxes : How to Pay Taxes When You're Broke

[zcg3]

I'm getting sleepy...

[beingther]

Maybe you can help me .i have not filled taxes for 7 years and the irs turned my account over to a collection agency. Its 29,000.00 what can I do im thinking I should just go to the irs and work out a deal . is there anything else I can do. I have nothing . money or any paper work of the last 7 years none .its a long story but this is where I am at . can you sub jest anything help!!!!!!!!!

[trextrev]

@beingther Well i would start with the offer in compromise. Here is the best thing to do though dont except a payment plan, take out a personal loan from the bank. The reason being is that owing the bank isnt nearly as bad as owing the IRS. A banks reach is rather limited compared to the IRS and your intetrest on the loan will probably be cheaper.