I owe the IRS $11,000 which I cannot pay back,....Help?
Since you truly cannot afford to pay the IRS you can be placed in "Currently Not Collectible" status with the IRS. Here's what I suggest: 1. Call 1-877-777-4778 for the Taxpayer's Advocate 2. Tell them about your situation and how you don't have funds to pay the IRS. If you are still unemployed you may qualify for "Currently Not Collectible" status which will hault collection actions until you can pay again. 3. If you are employed and have enough funds left over after you pay for your necessities (utilities, rent, gas for work- not any other creditor bills) you will likely be asked to make payments. However, if you have no funds left over after your necessary bills the IRS cannot force you pay as this would cause a hardship situation for you. Good luck resolving your tax issue!
I Owe The IRS 4000$..And I need information?
www.irs.gov and choose Pay your Tax Bill www.irs.gov/Payments What if I can't pay now? Learn about IRS programs designed to help you meet your tax obligations without causing additional hardship: Installment Agreement Allows you to pay your taxes over time, if you qualify. Offer in Compromise Allows you to settle for less than you actually owe, if you meet strict requirements. What if I don't pay? The IRS is legally required to take certain steps to collect your balance due account. Your refund can be used to offset your bill. A federal tax lien can be filed against your property. Your salary/accounts can be seized through a tax levy. You can be served a summons to provide information. Review the IRS Collection Process to learn about these actions and your rights. Hope that you find the above enclosed information useful. 07/02/2013
If I sue someone who owes more to the IRS than he has, will I not be able to collect even though he has some cash?
(not legal advice). In the case you describe, you probably won’t be able to get money from him. Lots of people worry about whether they can win a lawsuit, but you also have to know whether you can actually collect.Here’s an example. Back when my wife and I bought our first house, we didn’t know as much as we needed. We bought a house without a professional house inspection, and after moving in, we learned many problems the previous owner had hidden from us. There were serious problems with the kitchen, roof and grounds that the owner had plainly lied about when she sold the home.When we tried to contact her, of course she evaded us. So I went to a lawyer to see if I was right, that the previous owner had defrauded us.“I have good news and bad news”, explained the lawyer. “The good news is yes, the evidence indicates the previous owner lied to you and concealed material defects in the house.“The bad news is, you won’t get any money.”It turns out that the woman who sold the house had turned all the money over to her son; she had nothing in the bank and no property at all, in a legal sense. We would win a judgment easily if we sued, but we’d never see a penny. In fact, we’d be worse off, because we’d have to pay for our attorney and the court costs.So, no matter how guilty someone may be, before you sue make sure there’s money to collect if you win.
If I want to negotiate taxes owed with the IRS who should I contact?
You can negotiate your tax debt with the IRS, and that negotiation is called an offer in compromise. However, keep in mind that the negotiation is not merely a matter of throwing out a lowball offer and haggling until consensus is reached. The IRS uses a formula based on your current income and assets to determine your "reasonable collection potential." If your offer does not meet or exceed the amount that the IRS has determined to be your reasonable collection potential, the IRS will generally reject your offer.The IRS website (http://www.irs.gov/businesses/sm...) provides information on how to file an offer in compromise.
Loaded tax audit question, could use some help please?
Ok so I was audited in 2016. I moved and wasnt able to provide the correspondence in time so I wound up owing like $1100. I was audited again in 2017 for the same thing I sent all the paperwork but they said I didnt proved enough proof the letter came 01/29/19. So then I sent a copy of my daughters birth certificate with my name on it on 02/04/2019. I filed my taxes on 02/13/19 I got a DDD for the 27th but there's an offset of $1100 I'm assuming from the first audit(2016). My question is did the irs update my account with my daughters info, and that's the reason I didnt get audited this year? And if so will I receive the refund they owe me from last year?
Can The Irs Take My Car If I'm The Co Buyer? Buy The Buyer Owes The IRs.?
Something is missing here. What is a "primary buyer" and a "co buyer" for a car? If the car is titled in your father's name and is worth $10,000, then the IRS will look at the loan because the lender will have priority. If the loan balance is $10,000 or more, the IRS will look elsewhere. If the loan balance is significantly less than the value of the car, the IRS may file a lien. If you show that you use the car and are the one making payments, the agency will likely leave the car alone. How is it that you father can get a car loan but won't pay his taxes? It is extremely rare (as in less than 1 in 10,000 people) for someone to owe taxes unless they spent money they shouldn't have. It's rare for the IRS to seize personal property like furniture, rugs, and appliances to collect past due taxes. 1. Tell your father to either pay his taxes or set up a payment plan. 2. Settle the issue with the car loan. 3. Don't be like your father. Pay your taxes. I hope this helps. Gary P.S. You may not like how I'm blunt, but a question like yours frequently indicates somebody (you or your father) thinks that he or she shouldn't have to pay taxes. What I do for my clients is to minimize their tax liabilities by legal means, not by telling them to evade the law.
The IRS is auditing me saying I owe $3000. please help?
Of course you are being audited. You made $8000 last year and asked for a $3479 refund. That's 43% of what you made. ($2729 from EIC and $750 from the additional child tax credit.) In order for you to be eligible for this you had to claim your sister as your qualifying child. That means she had to be related to you through a shared parent, that you lived with her for more than 6 months during 2013, that your income was more than any parent that lived with her, etc. Your sister's birth certificate shows her parents, but not her siblings. Thus you are being asked to submit your birth certificate so the IRS can compare your mom to her mom and/or your dad to her dad. Why the IRS did the refund without your birth certificate, I don't know. According to you, you supplied enough documentation to show that your sister lived at said address. However, that only shows that she lived there, not you. You state there is a lease. How come you aren't on it? Every lease I've ever had required the names of all adults to be on it. How the heck did you forget to update it? The IRS is being generous stating they will take utility bills if you aren't on the lease, but then you say, oh, don't have those either. Then how did they get paid? Who paid them? Did you even update your driver's license or state ID when you moved in? Do you realize how serious this is? The IRS has three options. 1. They can decide you meet the tests and let it go (unlikely). 2. They can decide you don't meet the test for 2013, but it was an honest mistake and merely require you to repay the $3479 back. 3. They can decide you don't meet the test for 2013 and it was due to intentionally misreading the rules. In that case you will be required to pay the $3479 back AND will be barred from claiming EIC based on a child for the next 10 years. The 4th option, letting you claim the child as a qualifying relative is worthless. Your income is too low to support the child. (I notice that 2 other posters have stated that as a qualifying child you had to support her; not true, the child cannot support themselves.)
Is there a way to find out which homes locally or nationally have back taxes owed on them so I can contact the sellers?
Property taxes are a county issue. You need to go to the assessors office and ask for a list of properties that have taxes in arrears. They can provide you with this.
I owe 35k to irs..?
You have defaulted on your agreement by not making your current tax payments. My crystal ball tells me that you have also not paid the first two installments of your 2008 tax so probably really owe about $9K more than you stated and the meter keeps running. You are automatically entitled to an installment agreement if you owe less than $25,000. Now that you have gone over that figure you will have to provide comprehensive financial information and be subject to IRS allowable expense standards that are more stringent than the do it yourself deal you get at the lower dollar level. You are going to need to completely reorder your lifestyle to deal with the problem and keep it from getting worse. As an enrolled agent, I am licensed to represent people with your kind of problem. If you would like information outside this forum, you can email me through my profile.
What can I do if I owe money to the IRS because my employer didn’t take enough tax from my pay checks?
If you aren't paying enough federal withholding tax to cover your federal tax liability, there are two things you can do to make sure you're not under-withheld.(1) You can fill out a new Form W-4 and either reduce the number of exemptions or increase the amount of "additional tax" withheld from each paycheck. You should give this document to your employer for prompt processing.(2) You can also make estimated tax payments by filing Form 1040-ES and sending in payments to cover your tax liability.Our country's tax system is a "pay as you go" system and you need to pay your liability throughout the year or, at a minimum, quarterly.If you are underpaid at year end, you likely will be subject to the failure to pay penalty and possibly the estimated tax penalty. This is just a waste of your money.I urge you to change your federal withholding tax immediately so that it completely covers your annual tax liability.