Having IRS back taxes is a major mess to be in. Not only can the experience be stressful but it can actually be quite scary. There are certain things the IRS can do when you owe them money. One is to take your pay from work, your house, business, and even take legal action by taking you to court.
You're Options
IRS back taxes is a situation no one wants to be in. I would seriously recommend an IRS Consolidation Company or a lawyer that deals with tax problems only. A professional will definitely be able to help you through this scary journey, and can put you somewhat at ease. The tax laws change very frequently so you're definitely going to want someone that knows what they're doing.
When you find yourself in this situation do yourself the favor and get help right away. If you just decide to ignore the problem you are guaranteed to get interest on what you owe. Sometimes this interest can be set on a daily basis so you definitely want to move fast in settling this problem.
Other Options
IRS back taxes can sometimes be settled for less then what you owe, when you have the right company or person by your side. So feel free to ask your lawyer or IRS consolidation company on how you can lower your IRS debt and come to an agreement.
There are also some options you might have to pay your debt monthly instead of paying it all in one shot. This payment plan can be very beneficial to those that can't afford to pay one lump sum. Be sure that when you do have a payment plan not to skip payments. If they are cutting you a break with a payment plan do not take advantage of it, or it may cost you.