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.