Hi everyone, I just finished up my taxes for 2013 & (yikes) have I got a pretty nasty bill coming. I absolutely do not have the money to pay for this & the last place I want to owe money is the IRS (I'd rather owe money to the mafia, lol). I don't even want to make payments, I just want it paid & done. What I was considering is making an early withdrawal from my IRA (which I realize is going to mean more taxes next year, but at least I have a year to plan for it) and purchase a CD at my bank and get a loan using that as collateral. That way I can pay back the bank (at a fairly low interest rate) and this way I could have a bank loan on my credit report that would hopefully help my score. I would hopefully pay this off in about 2 years. Is this something anyone else has done? Are there any negatives to this (other than the interest on my own money)? Also, how about 2 CDs...one from my bank & another from a credit union that I have an account with. That way I'd have 2 bank/cu loans paid off in about 2 years. I imagine this has got to help but I'm hoping someone here might have some personal experience. Thanks in advance for any help. Joey
