I have read articles online that suggest removing skin tags with compound w freeze off.
However, After searching some more, I have discovered that this is absolutely not a good idea since the company that created this product insists that it is a product that is meant for removing common warts.
If used on skin tags, there is a risk of having them irritated. Not only that, but it there is a risk of irritating the healthy skin that is surrounding them.
For more info on how to remove skin tags, read the following articles: