Can an individual get a bailout from IRS debt?

Yes, individuals can seek relief from IRS debt through various programs, such as an Offer in Compromise, which allows taxpayers to settle their tax debt for less than the full amount owed, or by entering into an Installment Agreement to pay the debt over time. Additionally, those facing financial hardship may qualify for Currently Not Collectible status, temporarily halting collection efforts. It's advisable to consult a tax professional for guidance specific to individual circumstances.