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Gonergonegone t1_j51oahg wrote

How were you able to work down that debt? I currently owe the IRS roughly $300k and it seems like I'll never be able to get it down. Also, since your husbands name is Christopher, I've gotta ask. How are pooh, tigger, and eyore doing? My gf would like to know which of your books she should read to help with her anxiety. Thank you! And thanks for the AMA!

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Mel-Robbins OP t1_j51rr4l wrote

To deal with anxiety - read The 5 Second Rule book and share this episode of The Mel Robbins Podcast with your girlfriend -

https://podcasts.apple.com/us/podcast/the-mel-robbins-podcast/id1646101002?i=1000582487785

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For debt - it's a long game. You have to chip away at it. You also have to look at both your expenses and cutting back, as much as you look at how you're going to make more money. You will get it down if you're consistently chipping away at paying it off

and here's another thing - if you can rack up that much debt to the IRS you know exactly how to make enough money to pay it off - so stop licking your fucking wounds and get to work :)

and for those of you who don't know - between 2008 and 2014 we were 800k in debt and took us another 3 years to even get the liens off the house, you can do it, it just won't happen over night

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and that's a great joke about Pooh and Tigger... I'm assuming you're talking about our 3 kids, and they are all fine today, tomorrow who knows!

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Gonergonegone t1_j51rz01 wrote

Me and my gf both appreciate your reply! Have a great day!

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shaft6969 t1_j51wcvz wrote

Highly recommend finding a tax expert to negotiate with the IRS. Enrolled agent is what you want. They're certified to work with the irs, and many used to work for them. Offer in compromise I believe is the process.

It can be done on your own but those guys know the system better.

Despite the common thought, the IRS can be reasonable.

If you're still a high earner, they'll want whatever they can get. But usually over a limited period, 5 years. They can waive the rest.

They're not cheap, but many years ago $5k of help got over $50k wiped clean (actually $50, not zero). Made this grown man weep years of joy when I got that letter.

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