Who To Pay First?
Jerry owes the IRS and wonders about the best action to take.
QUESTION: Jerry owes $10,000 to the IRS. He’s renting his house right now and losing money. Should he dump and sell the house?
ANSWER: Yes, you should sell the house. You need to pay the IRS first because those guys will come after you for the money a lot faster than a credit card company will.