If you owe back taxes to the IRS, don't despair. You are not alone. Many Americans have fallen behind on their IRS tax obligations. If you owe more than $10,000 to the IRS, it is important to know your options and to find the optimal solution for you to get out of tax debt.

The Offer in Compromise is a unique solution for taxpayers who cannot afford to pay the full amount of tax due. This program evaluates the taxpayer's ability to pay the tax by looking at income, expenses and assets. Tax debts can be cut to a fraction for those who qualify for the program.

For those taxpayers who do not qualify for an offer in compromise, the likely solution to resolving the tax debt is to set up an installment agreement. Under this tax debt solution, a taxpayer will work with the IRS to set up an affordable monthly payment.

One common problem to consumers with large amounts of tax debt is the possibility of an IRS levy. The IRS may impose a wage or bank levy as a means of collecting money owed to them. What this means is that a certain portion of your paycheck or bank account will be deducted and sent to the IRS directly. If you are facing a wage levy, it is important to satisfy the underlying tax obligation in order to release the levy.