The IRS wants their money and if they don’t get it, they’re going to announce it via your credit report.  Not communicating with the IRS can lead to multiple problems – just ask Wesley Snipes!  If you have an IRS debt, be sure to call and make a payment arrangement, which can help you avoid having a public record. Public records appear on your credit report and can have a negative impact your credit score. Plus, many lenders do not approve people with public records on their credit report.  This should serve as an additional incentive to handle the situation properly!