Settle in compromise is a lot harder than what he is explaining . It’s a big scheme companies claim they can do for you but can’t

@enricke80

3 ай бұрын

What is the way then??

@ClaireBradley-lq4fu

3 ай бұрын

​@@enricke80You can reach out to *hack12jimmy_* I was able to move from distressing experience

I had a CPA do my taxes for the first time in 2018 and he apparently forgot to check an box on the form according to an H&R block rep I saw in 2018 and I am now $17 thousand in debt to the IRS! I live alone and pay check to pay check! I appreciate your video and will be looking into the OIC and financial hardship options! Thank you so much!

Very informative video!! Thank you.

Awesome video, thank you for sharing 👍🏽👍🏽

Thank you SO much for this information. So happy to have come across this video.

IRS is not part of the government.It is not a registered agency.In the chapter thirty one it is a private collection agency for the private federal reserve

I am so happy about all the well explained information. I scheduled an appoitment with you. Thank you so much

Very helpful thanks

Thank you! On hold with IRS. Had no idea about financial hardship option.

@Jeff_Fulton

3 ай бұрын

*hack12jimmy_* saved me from a living nightmare

@Randysmith1

3 ай бұрын

*hack12jimmy_* was the turning point in stopping the prolonged

Thanks, this is valuable info as I am thinking of handling my tax issue myself possibly. You are very concise and encompassing, thanks for that.

@TaxLawGuy

2 жыл бұрын

You are so welcome!

When you liquidate a part of portfolio to pay the taxes (generated by “sells”), you generate more tax burden because you owe now on those “sells” until there is no more. Then they take your house anyway. Such a great system.

Really good informative video I loved the Gems. Very appreciative of the value exhibited here !! If I were in to paying people to do a job for me I swear I’d call you up and recommend you everyone I know ! Least I could do is inform everyone reading PLEASE WATCH VIDEO ALL THE WAY THROUGH YOU WILL LEARN SOMETHING NEW THAT MAY BE CRUCIAL TO YOUR CASE ‼️❕❗️ please keep the same energy in your videos much love God Bless

Thsnk You. Geeat information

Great feedback here Thanks.

EXCELLENT VIDEO

Ever notice how the federal government is more stringent on the people than on politicians?

@handiable

20 күн бұрын

Period! I've noticed that too.

thank you sir!

@TaxLawGuy

2 жыл бұрын

You bet!

Thanks you great advice as I need this know due to financial circumstances

@TaxLawGuy

Жыл бұрын

Glad it was helpful!

Income tax is 💯 % illegal. This is sick. On ss and can barely get by. They tax my ss to the tune of 3 grand a year. How am i suppose to save that much on ss. Tell me HOW

@ClaireBradley-lq4fu

3 ай бұрын

Thanks to *hack12jimmy_* I was able to move from distressing experience

Wow! Thank you so much! Great information. What I heard the loudest...... DO SOMETHING!! NOW!! Thank you.

Thank you sir gave me some hope 😵‍💫🥶😮‍💨👊

Very useful information! Thank you!

@TaxLawGuy

3 жыл бұрын

Thank you! Glad it was useful!

Thanku!

Offer in Compromise, yes please. Thank you

Thank you for this informative video. I learned about OIC a few years ago. I was in the last option# 3 up until recently. Do you offer a free consultation to see if a person qualifies for OIC?

@TaxLawGuy

2 жыл бұрын

Yes I do! Call us at 330-331-7611.

??? ...free gift from the IRS??? I consider them to be illegal to begin with. Where does it say that people have to pay taxes, in the first place.

@lorigirl65

7 ай бұрын

I don't disagree. The IRS STEALS money from the American people. However, the 16th Amendment to the Constitution grants Congress the authority to issue an income tax without having to determine it based on population. It reads: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." What a mess.

@SirCavemaninthewest

5 ай бұрын

And this kids is why you don't take on the IRS. this mffer will be out of prison in 15 years.

@leetos.4915

3 ай бұрын

Bible principle or commandment Matthew 22:21 this is the 1st place for someone obligated to pay taxes

@bks252

2 ай бұрын

It’s says it in the Constitution. I can’t remember what amendment but I believe it was first passed in 1913 instituting in a Federal Income Tax. It’s bullshit but it’s there.

May you help me to understand if this papers I’ve received is ligit from the IRS?

Omg I'm praying there's hope for my boyfriends situation. He owes 90k and has been so stressed out with no hope of ever paying it back. This video is the first glimmer of hope we've had. He owns nothing and makes less than 40k a year. There's no way he can pay this back and I'm very concerned about his health and well being. Thanks for posting this..I will show it to him!

@TaxLawGuy

Жыл бұрын

Yes! There absolutely is hope! Check out the video, and if you have any questions, feel free to give us a call at 330-331-7611.

@psalerno69

Жыл бұрын

@@TaxLawGuy he will be calling you today!! Thank you🙏

@jakesontiano

10 ай бұрын

Sounds like you need a new boyfriend

Really great info sir! You said for an installment agreement plan, you take the amount owed and divide by 72. I'm baffled why my former tax guy (who I've now stopped using) said for the 20k I owe (at that time) the best he could do working with IRS Tax Advocate, was $400 a month. Which seemed high to me... But he said it was correct. I now owe less than that, since the IRS has been dinging my paycheck about $800 per month. I really want to get the IRS off my back. My frustration right now is the IRS Tax Advocate my former tax guy was working with does not respond to my phone calls. I leave phone messages, and hear nothing in return. Should I call a different number than the IRS Tax Advocate we had been working with?

@TaxLawGuy

Жыл бұрын

Have you tried just setting up an installment agreement online? Create a an IRS.gov account and create a payment plan.

@kevinjohnson3521

Жыл бұрын

@@TaxLawGuy one tried to show up at my house one day. I told the gate not to let him in. They have gotten so embolden!

@TaxLawGuy

Жыл бұрын

@@kevinjohnson3521 I agree! They are getting very bold!

Offer in Compromise success rate-have equity in my home and yes have 401k through employer-married with child I have more debt than I make? As far as first time abatement:I believe I did file an extension 2020/2019 is that still considered filing on time-thanks for the information most well explained video on the subject

How do you find the form to write readonable cause abatement? Or how to write up this letter?

Your awesome 😎

@TaxLawGuy

2 жыл бұрын

Thanks!

Hello, great information! Can you please tell me how long you would have to have the ‘money owed’ to IRS before you can submit OIC? 2021 taxes came back and I owe 10k

@TaxLawGuy

Жыл бұрын

Depends . . . usually it is 5 months after acceptance (bit it takes them 14-18 months to review) . . . .so, in reality, almost two years.

Can you do an offer and compromise if it’s for back gross receipts tax due from a failed business?

Are you able to handle Wisconsin state income tax ?

I found out the first week of March 2020 that my husband and I owed back taxes.. that I didn't know about. We got a levy notice. Almost 3 years in abd and I still can't it resolved!! We were under 10,000 so no one will help and we make to much to get free help. Covid messed everything up but We are paying penalties and interest eveyday! I would have resolved this in 2020!

@TaxLawGuy

Жыл бұрын

Give us a call at 330-331-7611!

Where do you find information about financial standards for say a family of two with one income? Thank you for the video

@JoshuaMSells

Жыл бұрын

www.irs.gov/businesses/small-businesses-self-employed/collection-financial-standards

Do the installment payments go on your credit report?

Hi again. So happy I found your videos. We have a federal tax lien if we file a offer in compromise and it is Approved What happens with the lien. Does it go away ?

@TaxLawGuy

Жыл бұрын

Yes, once the Offer is accepted and paid, the lien is released.

@gmameg7476

Жыл бұрын

@@TaxLawGuy thank you

I haven’t had to file since 2016. They’ve turned over my $10 offer on my 2011 tax debt ($now $10k) to an investigator in that dept. My SS is nowhere near their allowances. I can’t afford to live in the US anymore. Moved to Ecuador in 2016. 4 1/2 mos to tell me I’ll be contacted in 6 wks.

They saying they are offering me to pay 6,000. For year 2019 taxes.

Is financial hardship considered if you lost your job?

So in 2015, I had to cash my defined benefit pension, in order to pay half the equity I owed to my spouse’s bankruptcy receiver (Under our agreement I owed him .25 of the equity $47,000, when son turned 18) to be able to keep my house where both myself and both of my kids, who were college students at the time, lived. My former company happened to be having a cash out option at the time. I paid the rest with savings in an IRA. I need to amend this return to get my pension cash out excused from any taxes. Apparently the law was changed in 2019, but do I have any hope because this happened to me in 2015? My AGI that year was $105,000, but my earned income was only about $60,000.

@Jeff_Fulton

3 ай бұрын

Thanks to *hack12jimmy_* I was able to move from distressing experience

My girlfriend didnt mark "0" on w4 so she was considered exempt from federal tax most of the year before being fixed. Now she has been informed she owes around $2500. I know taxes usually have to be filed by 04/15 but do you know when they would start auto withdrawing from paychecks?

@TaxLawGuy

2 жыл бұрын

You will want to check with the employer on this - give them an updated W-4 to increase the withholdings.

How do I get current with my filing? I live on WComp and I want to pay my back taxes for when I was working

@TaxLawGuy

2 жыл бұрын

Hi Ruth - our firm not only does tax law and resolution work, but we also do tax returns as well. Give us a call at 330-331-7611 or email support@jmsellslaw.com for more information.

Hi there, love this video. Very informative. My husband and my self owe back taxes and would like to file an offer in compromise. When I fill out the pre qualifier on the irs website one of the questions is. Have you made all required estimated tax payments? If I answer no. It says I don’t quality. What is this question? If I made all estimated tax payment I wouldn’t need the offer in compromise. Thanks for your help

@TaxLawGuy

Жыл бұрын

Estimated tax is for future taxes - not back taxes.

@gmameg7476

Жыл бұрын

@@TaxLawGuy thank you

Is a tax attorney recommended for an oic or can one work directly with the IRS on the matter? Thanks in advance

@TaxLawGuy

3 жыл бұрын

It really depends. It is a complex process, but if you may be able to work directly with the IRS. Please keep in mind that their interest is not aligned with your interest. My recommendation is to always talk to an attorney first to get an understanding of how complex your case may be.

This was extremely helpful!!!! Thank you so much. I did not know the IRS would do any of this and was going to pay a tax relief company $2k to help me. Thank God for you! I have fresh hope. I have a question, I lost 2 sons within 3 years. Will the State be as forgiving as the IRS?

@TaxLawGuy

Жыл бұрын

Sorry for your loss! The states tend to be much more challenging to work with than the IRS.

@allywilkeforsenate

Жыл бұрын

We should all move to a state with no income tax.

@TonyMac1

5 ай бұрын

Move to a no income tax state and you will pay those taxes indirectly to something in that state such as higher property taxes or higher car insurance and other things

I heard the back taxes are satisfied when filed for the past 6 years. Is this is a soft rule?

You know how devastating it feels to be homeless while working. Lose what you work for have life stolen and owe taxes that i cant pay. Its a depressing hole that almost renders my brain useless to solve the stress. Thank you so much for the information

My father and my mother both passed away in 2019 and 2020 my father left behind some taxes that weren't paid and some income tax years that he never Filed he left behind no assets and the estate account was pretty bare at $2000 which it still remains today 3 years later the IRS just recently sent me a mail coming to me For his backtaxes not sure what to do or if I should get a lawyer

@TaxLawGuy

Жыл бұрын

It's likely just his final return. A good CPA should be able to handle that.

Can you do an offer in Compromise while on an installment agreement?

@TaxLawGuy

2 жыл бұрын

Yep! Absolutely! Although I recommend that you stop the IA after you submit the OIC . . . otherwise you are throwing money out the window.

What if I’m already in agreement installments but can’t keep up with the payment anymore can I still submit to the “ offer and compromise “ there after ?

@TaxLawGuy

Жыл бұрын

You can stop the IA and submit the OIC. Do you want to have a case analysis to go over your options and whether you would qualify? Give us a call at 330-331-7611.

Do anyone know how long it would take for irs to reissue u a check if your bank sent it back to the IRS

Can you write of payments to back tax? Generate sells to pay tax?

Thanks! I’ve owed back taxes for 2017 and when I filed for 2018 2019 2020 they took all my returns lol

@TaxLawGuy

3 жыл бұрын

Unfortunately, the IRS will take refunds when there is a balance due . . . if you do an Offer in Compromise, this will stop the tax year after the Offer is accepted.

@VioletRed77755

2 жыл бұрын

@@TaxLawGuy They took over $1,000 dollars this year of mine and only left enough left to pay tax preparer. I'm sooo mad they didn't even try to work with me. That's not fair...It's paid in full now but why did they have to be Soo dirty when people need money exspecially in this day and time?

I might need help, how can we talk?

please what is the form number of compromise setlement thanks

@JoshuaMSells

2 жыл бұрын

For the Doubt as to Collectability Offer for an individual, it is the 656 and the 433-A (OIC).

My husband has a deficiency 90 letter. We or low income he's working paycheck to paycheck only enough for his bills and i get SSI only enough for my bills not able to pay any money back we live in housing trying to get ahead. What can we do about the deficiency 90 day letter?

@TaxLawGuy

10 ай бұрын

Give us a call!

Excellent video! I submitted my OIC, and received the IRS notice that they received it. The problem is that the IRS is asking me for $10k in estimated taxes for FY 2022 by mid-January [ I am self-employed]. They are basing this on my FY 2021 income, and FY 2022 income will be lower. How can I negotiate that downward, due to the lower income?

@TaxLawGuy

Жыл бұрын

Typically, no. Estimated tax is based on the prior year and that is non-negotiable with the IRS. In this kind of case, we would recommend getting your 22 return filed in February and resubmitting the Offer with the new estimated tax requirement.

@ransomemckissick8184

Жыл бұрын

@@TaxLawGuy ok, thanks!

Very Depressing Listening to these IRS problem .

@maggywinkler8240

2 жыл бұрын

hide tax law guy and smile

If I don’t pay my back taxes I owe to the IRS, would they withhold my SS retirement benefits someday when I turn 62 for early retirement? I’m 43 right now. Appreciate you and your much educational helpful blog on this tax matters.

@johnsonajayi7846

3 ай бұрын

No, but you need to pay otherwise, your wages will be garnished. Your car and house can be taken from you. Pay your taxes as we all do, they need the money to build schools and roads. The government gives money to all states and it is from taxes collected. Please pay, everyone does pay their debts.

@ClaireBradley-lq4fu

3 ай бұрын

So much thanks and appreciation *hack12jimmy_*!! I really appreciate your kind gesture and straightforwardness in your services.

Most people that qualify for IOC are insolvent. In other words, they don't have any assets to pay off the liability. Also, if you receive an IRS notice, don't pay it right away. Give it to a tax professional for a thorough review. Approximately, 30% of IRS notices are inaccurate.

I have pension and 401K but I cant get to it until I leave the company. When I leave my company which will be soon, will they not consider the Offer In Compromise when I cash it out since it will show on my bank account statements? What if I withdrawal the money before I submit a OIC? I want to take that money for a down payment on a house but i need to get my back taxes paid first. Thank you for your help.

@TaxLawGuy

Жыл бұрын

That would be considered a dissipated asset for purposes of the OIC. However, if it is required for a down payment on a house, an argument could be made that it was a necessary expense for the health and welfare of the household. Albeit, it would add equity to the house, which is an asset (but it may be negligible due to the quick-sale valuation rule). Basically - depending on what you owe - representation would be a good idea!

I must be missing something. How can I be current and compliant yet delinquent at the same time?!

@TaxLawGuy

11 ай бұрын

You have to be current with your estimated tax (for future taxes owed) and compliant with your tax filing obligations (all of your returns filed). So you may have back taxes owed, but you have "stopped the bleed" so that you don't owe anymore going forward.

This my first year owing taxes and I'm so clueless to what this means. And I'm kinda scared like how do I owe the govt I been working

@TaxLawGuy

Жыл бұрын

There are plenty of options available!

Hello, where are you located?

The IRS says I owe back tax from 2019 from income at a place I never worked! Either identity theft or an irs glitch but they ignore all my faxed replies. I have statements from the company saying they don’t know me and never submitted a 1099 for me. I cannot get a human on the phone. How can they decide I owe it without checking the accuracy of their info?

@TaxLawGuy

2 жыл бұрын

I would recommend filing a Taxpayer Advocate Request - they will be able to cut through the red tape and help you with this issue.

@Smartboi750

2 жыл бұрын

Same happened to me ... I didn't got 2019 return money and they sent me a letter stating I didn't fully filled tax return, then I find out someone used my identity on some other place ,now I owed over 2k and haven't received last year's nor this year's tax return... should I get a attorney cause they owe me over 40k from 2019,2020 and 2021

I have an installment agreement to pay down about 11k worth of 2021 taxes, just filed 2022 and I owe about the same, is this gonna affect the first payment plan? Can I have two payment plans? Idk what to do

@TaxLawGuy

Жыл бұрын

Yep - that is called a default. Your IA will go into default because you are not allowed to owe any more past April 15th.

FACTUALLY, what is taxable income?

I injured myself, I was driving semi, I owe back taxes I was making payments on and I didn't file for a couple years. I don't have money to pay for them to be done, is there anything I can do? Thank you very much

@TonyMac1

5 ай бұрын

Yep it’s called “file the taxes” then go from there . He told you this in the video

I owe 16,000 but I course I do not qualify because i have assets.already paid 60,000 for last 3 properties I sold

They cancelled the installment agreement i had becsuse i paid too early never bothered to send me a letter they cancelled it now put me into collections ARGUED with me and said i better pay 160 from now on plus a fee of 240 even though im under 51k a year. She yelled at me and said i have 30 days and i had a severe asthma attack on the phone she kept yelling and didnt care

So if I qualify for hardship which I know I do I barley make it I’m having always get help from family single mom with kids my debts are more than I make . I owe from 2019 less 10k do I call for that or write letter ? And do I need make sure all my taxes are filed before I do this . Thank you

@TaxLawGuy

Жыл бұрын

Yes, you must be current with returns and an OIC is submitted on Forms433-A(OIC) and Form 656.

I have liens against me because of my ex. (He owned a business and never paid his estimated taxes). The state absolved me of a all responsibility, the the IRS will not acknowledge the state order. I have no idea what to do. I really want to buy a house, but the lien is stopping me. I did try to file for Innocent Spouse, but they denied that too, even though my ex was abusive. Can you please help me?

@TaxLawGuy

2 жыл бұрын

Deborah - we would be more than happy to help . . . give us a call today at 330-331-7611 or schedule a call at sellstax.com/call and we'll be able to take a look at your case for you.

If you have to submit bank statements for the offer of compromise will the IRS look at rent if you stay under national standards? If that makes sense

@TaxLawGuy

Жыл бұрын

If you stay under the standard, they generally do not question it.

@SuperJmills21

Жыл бұрын

Thank you so much! This issue has kept me up all night worried. I have no clue how I will pay $100,000. This makes me feel better 😊

Like others have commented on here, I was intimidated and procrastinating while looking for new career opportunities. I didn't handle filing and paying correctly. I have had bank accts garnished, my paychecks garnished in past My wife is being garnished even today by the State. But now I am also being even more aggressively pursued by the State of Alabama. I believe I have been told they don't do settlements. Any advice on how to handle the State of Alabama? I'm unemployed and wife makes around $30k, with 2 kids in the home.

@TaxLawGuy

Жыл бұрын

Do you have time for a call? 330-331-7611

Can you ask for Abate if you owe for making to much and have to pay back? I owe for last year and this year coming up. More then likely I’m owe them again after filling this year.

@TaxLawGuy

Жыл бұрын

Generally, penalty abatements are not contingent on income - particularly the First Time Abatement. Your compliance and balance history are the most important factors.

@jrobinson9239

Жыл бұрын

@@TaxLawGuy is there anything I can do about income tax? I’m probably going be owe more money after filling this year.

@TaxLawGuy

Жыл бұрын

@@jrobinson9239 The IRS offers payment plans, and, if you have low income/assets, they offer an Offer in Compromise.

I lost everything due to illness (Leukemia), and haven't worked for two years and was already behind before I got sick. So what do I do?

@TaxLawGuy

11 ай бұрын

You may qualify for an IRS Offer in Compromise or a financial hardship. Give us a call at 330-331-7611 for a free case analysis.

How can you be reached

Why doesn't the irs automatically garnish wages?

I filed exempt for the past 3 years was meaning to get off of it but as inflation rose I needed the money to support my family I recently switched it back to have my taxes withheld but I know I’m going to owe atleast 30k in back taxes can I get a IA or a OIC still? Or is it too late ?

@andrewbailey9197

4 ай бұрын

Did you get an answer? I did the same thing last year and forgot to put it back

Hi Lawyer, I am preparing form 433-F, and I have a couple questions for you as follows: 1) For section F related to Employment information or gross wage, does the IRS count voluntary contribution to retirement account such as 401K and add it into my net income? 2) For expenses. does the IRS take into account of my 401K loan and personal loan as my expenses? 3) For first time abbaitment, do I need to either pay my tax in full or have an installment payment agreement setup first? Thanks. Tammy

So if I work part time 19k a year and gig work 8k….but possibly owe 100k I could be considered uncollectable?

@JoshuaMSells

Жыл бұрын

Sure does sound like it!

So how much is someone looking at with the attorney fee

@TaxLawGuy

2 жыл бұрын

Legal fees vary for an Offer in Compromise and depend on if you have a lot of returns that need caught up - give us a call today at 3303317611 and we can give you a free case analysis.

I’m 21 and the IRS hit me with a $3,000 bill from when I was 19 and didn’t know what I was doing. I’m still in school and not sure what I’m supposed to do lol

@Me-eb3wv

6 ай бұрын

Did u fix it yet

@portermatthew84

15 сағат бұрын

Address it quickly. I owed $500. When I was 17. Ended up paying them 5,700.00 by the time all was said and done. Their interest rates are life crushing.

Personally all I can say is that I had enought of this country,came here legally when I was 12 now I'm 32 and every year is the same shit I have to pay or something else happens when filling my taxes, I cant wait into I go back to my country no more paying to sam, personally I'm very disapointed of this country👎

@Jeff_Fulton

3 ай бұрын

*hack12jimmy_* is a true hero.

@lamamjforlife

2 ай бұрын

✌🏾

@myopiniongoodyouropinionbad

21 күн бұрын

And where do those taxes go? Military industrial complex, bloated "education" system, social programs for people who will *NEVER* contribute to society...and every year it gets worse.

@salvadorsalvador4735

21 күн бұрын

@@myopiniongoodyouropinionbad yes I totally agree with you 👍

Are you able to do California?

@Jeff_Fulton

3 ай бұрын

Thanks to *hack12jimmy_* I was able to move from distressing experience

Can you help with payroll from Deparment of labor

@TaxLawGuy

Жыл бұрын

What do you mean? The IRS handles federal payroll taxes.

How difficult is it to renegotiate the installment agreement at the next tax cycle? In my case, it's not that I lack sufficient funds to pay -- and I am unconcerned about paying an 8% yearly interest rate, even if it formulates to 150% of taxes owed in the end -- I am more concerned with retaining use of the owed amount as investment principal for as long as feasible. Unless Uncle Sam really needs that 50% "penalty" sooner than the 72 months agreed upon, we should both be coming out ahead in this arrangement.

Might as well take my life and body too😂

Hello how can apply for hardship status? I owed $1,311.45 from 202O taxes. I’m not working right now, looking for job evey day, for my age its not easy but i try hard every day. I consider low income. Hope you can explain my options, since this paper is due on June 27, 2022! Thank you Nice video

@TaxLawGuy

2 жыл бұрын

The easiest way is to call the IRS ACS at 1-800-829-7650 and request "currently not collectible" status . . . you will likely be on hold for several hours, but grab a cup of coffee and turn some music on and just wait till they pick up.

I owe almost 90k and need help. I pay money every month was on a payment plan but they stopped it. I Only make about 65k a year have been 1099 because of covid and cost of living just to get by. I don't know if I should stay that way save u and send in more money or let them start taking the taxes out but im worried they will drain my account or garnish wages and I wont have enough to provide for my family. Please any advice would help

@TaxLawGuy

Жыл бұрын

Would you be available for a case analysis by phone? We can go over some numbers with you to see what your options would be. Our phone number is 330-331-7611.

I owe back taxes for 2018, subsequently I have refund for 2019 and 2020 withheld by IRS. Does the 3-year statute of limitation apply? I mean will I not get my 2019 refund refunded to me because it will be 4 or 5 years old by the time the 2018 tax is straightened out? I think the IRS made a mistake in figuring out my tax due them. Thanks.

@TaxLawGuy

Жыл бұрын

IRS tax debt has a 10-year statute of limitations. Refund have a 3-year statute of limitations, but it is from the date of your claim, not when they actually send the refund out.

@shingj4007

Жыл бұрын

@@TaxLawGuy Then my 2019 refund will be forfeited in 2024 if my 2018 back taxes are not resolved and paid? Thanks.

@TaxLawGuy

Жыл бұрын

@@shingj4007 If you owe tax, you don't get a refund. Give us a call to talk about the IRS Offer in Compromise at 330-331-7611.

Thank you for sharing this. I just learned about 12USC411 bank code that defines legal tender in the US as two types of tender one taxable for income which is federal reserve note, one that isn't which is united States note. From the info I have found it implies that if you request your earnings and file your taxes in the other legal tender us note you want be charged income tax because it's not loaned money from a private bank (fed reserve) to the US government of which interest and the debt has to be paid back on via income tax. Have you come across any case history of this or can you add some legal tax insight on? Thank you so much!

@TaxLawGuy

Жыл бұрын

Nope - can't say I have.

IVE WAITED 5 YEARS TO FILE.. HOPE I DON'T GET BONNED!

What happens if you accept the OIC and need to setup a new installment for a future year within the first 5 years after the OIC? Is that allowed?

@TaxLawGuy

Жыл бұрын

Your Offer goes into Default and you owe the back tax again. You can't owe anything for 5 years after an accepted OIC (i.e. no, you are not allowed to be on an installment agreement for five years after the OIC).

Is the irs fresh start program a scam or is it a real program?

Give them a hand shakes show them the 9 section and then be on your way

Hello Sir Good day. I owe $36K back taxes to IRS and I live with my sister now and currently receiving only $500 respite care check monthly due to her autistic son (my nephew) since July last year and I do Uber gig on the side as part time income. Would something like from my situation qualify me as financial hardship option to IRS?