Posted on: 22nd Mar, 2011 01:50 pm
IRS Debt Question:
I have excellent credit (785). Zero credit card debt. $300,000 annual income. But will have debt for my 2010 taxes to the IRS of about $35k - for which I will have to go on a payment plan.
Question: Is IRS debt viewed any differently than any other debt? Will it hurt my chances at a home loan at all? FHA loan?
Thanks for the info!
I have excellent credit (785). Zero credit card debt. $300,000 annual income. But will have debt for my 2010 taxes to the IRS of about $35k - for which I will have to go on a payment plan.
Question: Is IRS debt viewed any differently than any other debt? Will it hurt my chances at a home loan at all? FHA loan?
Thanks for the info!
It shouldn't. Worse case scenario, we would add the monthly installment towards your Debt to Income ratios.