There really is not much worse news you can get than an IRS collection letter. You know, the one that says, “Pay up or else! Oh, and by the way, tell us every detail about yourself including where you keep all your money.”
The stress of dealing with the collection division of the IRS is considerable for both you and your family. The worst part is that if you don't – or can’t – comply, the penalties and interest continue to grow! Many tax payers find themselves in a position where they can never payoff the IRS – with all the penalties and interest that accrue daily, it becomes mathematically impossible.