If you owe the IRS money, set up an installment agreement. It will reduce the interest you pay and might keep them from filing liens. Stick to it, do not default.
If you can take out a loan to pay it off, it might be better.
Maybe Dave Ramsey has info. Go check him out.
“If you owe the IRS money...”
Each case is unique and there are many options, depending upon the facts of your case. Don’t just pay if there is reasonable doubt as to whether it is legitimately owed.
About 3 yrs ago I settled a tax court case resulting from an audit. The IRS was after over $300K + penalties and interest. We settled for about $80K and the client set up an installment agreement.
Last week I spoke with the client and now we are in negotiations to settle it for much less under the new IRS “Fresh Start Program” due to client’s age, health and business profitability. The IRS will work with you and they do have compassion, as long as you are honest with them.