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I haven’t filed taxes in five years- I want to make it right. What will the IRS do to me?

January 25, 2009 by  
Filed under Questions & Answers

Bill D asked:


Any tax attornies out there? I haven’t filed taxes in five years. I think I owe about $25,000. Whats the best course of action? Can I negotiate it down? I had a nervous breakdown about 2 years ago and gave about $30,000 away to the homeless (the actual homeless, not documented homeless charities). Unfortunately that was the money I had planned to pay the IRS with. I’m trying to rebuild my life and I’m afraid to go to the IRS on my own. Any suggestions?