Even if your credit is in trouble you can still qualify for a loan and decrease your tax debt.
How a Bank Loan Can Help You:
A Bank Loan is cheaper than an IRS Debt. Penalties and Interest on Tax Debt is a lot higher than a loan from a bank. A typical Bank Loan, if you can get one, is around 6.5% interest versus Penalties and Interest on an IRS Debt which is usually 8% compounded daily.
If you have a Lien on your credit or your house, the IRS will release the Lien so you can take out the loan to pay off your IRS Debt. You can make things simpler by consolidating your IRS Debts and paying off your multiple Tax Debts with one Bank loan.
IRS Tax Debt – 4 Ways a Bank Loan Can Rid You of IRS Debt