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also many times they give you the option of a payment plan
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Originally posted by ytcracker yea they have that on the letter
like if u want to pay us in installments let us know
nice irs
./hack records.internal.irs.gov
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Originally posted by ytcracker yea they have that on the letter
like if u want to pay us in installments let us know
nice irs
go for it. you can write them and say I can pay xxxx a month and they have to agree. My father did that in the 1990. he owed like $15,000 in taxes and they settled on $25 a month as payment
sux man but jail is usually only for tax evasion i owe the irs around 14k and have owed this for about 5-6 yrs they finally did a letter to my work for a payroll deduct only allowing me $200 a week to live on i simply called them gave tem all my have to pay bills explained i an sole income in household with kdis and they lifted the levy ;) and i still havent paid them any money good luck
Originally posted by pornstar2pac go for it. you can write them and say I can pay xxxx a month and they have to agree. My father did that in the 1990. he owed like $15,000 in taxes and they settled on $25 a month as payment
Originally posted by almighty sux man but jail is usually only for tax evasion i owe the irs around 14k and have owed this for about 5-6 yrs they finally did a letter to my work for a payroll deduct only allowing me $200 a week to live on i simply called them gave tem all my have to pay bills explained i an sole income in household with kdis and they lifted the levy ;) and i still havent paid them any money good luck
i dont mind paying the government i just dont want to go to jail over it
obviously though the least i have to pay the better
Originally posted by ytcracker ur kidding me i think
but anythings worth a shot
no joke bro. they have to accept what ever you say you can afford to pay them. you can say $10 a week, $25 a month, $1,000 everyday. doesn't matter. it shows a sign of good faith. the only drawback is the interest it collects thur the years. My father pasted away 6 years ago and nows owes $0 to the IRS
Originally posted by pornstar2pac no joke bro. they have to accept what ever you say you can afford to pay them. you can say $10 a week, $25 a month, $1,000 everyday. doesn't matter. it shows a sign of good faith. the only drawback is the interest it collects thur the years. My father pasted away 6 years ago and nows owes $0 to the IRS
ill have to talk to them
id rather not have that shit hanging over my head though
Originally posted by ytcracker ill have to talk to them
id rather not have that shit hanging over my head though
yeah, if you can pay it off do it. but remember you will be looked at everyyear for now on. that's why you have to learn about setting up offshore accounts and a few other things where your safe. I won't get into it now. just something to think about if your gonna be a big baller later in life
Originally posted by pornstar2pac yeah, if you can pay it off do it. but remember you will be looked at everyyear for now on. that's why you have to learn about setting up offshore accounts and a few other things where your safe. I won't get into it now. just something to think about if your gonna be a big baller later in life
yea ive earned myself a lifetime trip to the audit bin
youre an idiot not filing on time and having enough deductions to cover most of your taxes.
the last thing you want is the irs hounding you, even if its for ten bucks a month. it will get annoying.
also, the irs has this thing where they wait a while before nailing you...let you think you got away with whatever, then they hit you when you least expect it.
Originally posted by collegeclam youre an idiot not filing on time and having enough deductions to cover most of your taxes.
the last thing you want is the irs hounding you, even if its for ten bucks a month. it will get annoying.
also, the irs has this thing where they wait a while before nailing you...let you think you got away with whatever, then they hit you when you least expect it.
yea i know im an idiot
i have this bad habit of begging for forgiveness rather than asking for permission
the IRS definitely has a long reach.. best to try to settle it some way or another and if it's a large amount of money get a good tax attorney and CPA.
Just a little tidbit though: At one time not so long ago the laws stated that it was against the law not to report your income. However, there was no law stating that you had to pay any taxes on that income. I'm sure they've changed it up but this law was in effect within my lifetime and i'm not ancient.
Originally posted by undermyspell the IRS definitely has a long reach.. best to try to settle it some way or another and if it's a large amount of money get a good tax attorney and CPA.
Just a little tidbit though: At one time not so long ago the laws stated that it was against the law not to report your income. However, there was no law stating that you had to pay any taxes on that income. I'm sure they've changed it up but this law was in effect within my lifetime and i'm not ancient.
ill just watch late night tv theres always some ambulance chaser who seems to know about tax law
Get a tax attourney. Just ask your accountant who he recommends. If you go it alone they will demand penalties and interest. If you get an attourney he will get the money you would have paid in penalties and interest but you will feel better the whole time with someone who knows WTF is going on, on your side.
Originally posted by CamChicks You can't go to jail for not filing paperwork.
You can only go to jail if you file false info.
Worst case scenerio, you owe them money.
thanks a million for alleviating my concerns
im mostly concerned about jail than anything
but if my fears are unfounded then screw it i will pay them some money
Originally posted by CamChicks You can't go to jail for not filing paperwork.
You can only go to jail if you file false info.
Worst case scenerio, you owe them money.
Not True! If the IRS can satisfy a judge that you knowingly did not file, this is a felony called Tax Evasion, and yes you can have a bench warrant issued in absentia even.
I studied tax laws in both US and Canada in my previous employ.
Tell them you can afford $25 a week, and just start paying them off. No biggie. Also you will want to get your accountant to file that return. The govt are bastards if they have to assess you. You won't get any of the tax breaks you may be intitled to. They will just take your 1099s and whatever info they have on your income for that year, and tell you you owe them whatever the tables say, no deductions, no writeoffs.
You should be allowed to maximize your retirement savings going 2 years back also so by doing that, you ca also take a big chunk out of what you owe.
You can also give your spouse a one-time tax free gift of up to 60K I think ... so if you are looking to "hide some income" you may want to ask your accountant about that.
It has been several years since I have had anything to do with taxation laws, so you will want to get a free consultaion with a good accountant referred to you by somebody you know.
Hope this helps
SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.
Not looking to scare ya, but you have the right to correct info.
Usually though it is very high income individuals or corporations, or the same which are several years delinquent that are the first ones the IRS will go after.
The best advice I can give you is find an accountant that comes recommended by somebody you know, get that return filed, albeit late, and then make some minimal payment arrangements on any balance you may still have.
I highly doubt you will go to jail, but don't play the lottery on this either man
SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.
Originally posted by BarneyRubble Not looking to scare ya, but you have the right to correct info.
Usually though it is very high income individuals or corporations, or the same which are several years delinquent that are the first ones the IRS will go after.
The best advice I can give you is find an accountant that comes recommended by somebody you know, get that return filed, albeit late, and then make some minimal payment arrangements on any balance you may still have.
I highly doubt you will go to jail, but don't play the lottery on this either man
thanks a million!
yea my not filing stemmed from a great deal of ignorance - i didnt really want to try to defraud the government or anything.
i'm going to get this all hopefully resolved tommorrow.
It's not that serious when you get the letter. It's when the auditor comes to your offices or when you need a lawyer when it gets ugly. Or better yet when the auditor comes escorted by the feds. I've had some lovely run-ins with those cocksuckers. After paying my lawyer a huge bill, I got nothing more than a slap on the wrist (so far).
Some of you guys are funny. You need to go to a accountant and its not like you just say I can pay 25 dollars and they go ok. You have fill out paperwork to showing what you have and what your expenses are. Dont fuck around with them , they have been playing this game for a long time. Look at your financials and see what you really can pay and get it paid as quickly as possible.
You dont need a tax lawyer if the letter says lets make payments , if you ignore this letter you could have problems. If they are going to arrest you they dont send a letter. They come with a big truck and take all your shit. lol
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