So for the first time in my life I owe the IRS money.
Im trying to weigh my options in paying it. Its around $5000
#1 Set up a payment plan. As i understand it, I would be charged around 5% interest plus some fees. What I dont understand is how they would charge me. Would it be 5% of 5000 ....$250 . All together?? or Every month im charged 5% on the balance?
#2 Refinance my house
#3 Borrow from Granny
#4 Move to Costa Rica