Tax expert Mark Kohler says IRS penalties and interest spiral fast. Sell unused assets like boats and RVs to pay the debt quickly and stop the accumulation. You can buy them back later once you're stable again.
The penalties and interest add up so quickly with the IRS. Sell your boat, sell your RV, get the IRS dealt with, and then go buy yourself a new boat when you're financially capable, or an RV, or whatever it is. So many of us Americans have crap in our basement, the closet, the garage, outside to the house that we don't use. People, if you owe the IRS, it can be a downward spiral and take you where you don't want to go. Sell the crap you're not using, pay off the IRS, get your life in financial order, and we'll get that stuff back.
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