IRS is suing me for money what do I do?
January 29, 2009 by Tax Blog
Filed under Questions & Answers
Jennifer S asked:
for the past 30 years no one told me I have to pay taxes and now the IRS is telling me that I owe them some monies??? what do I do?
for the past 30 years no one told me I have to pay taxes and now the IRS is telling me that I owe them some monies??? what do I do?
My husband and I owe the IRS. My husband is seeking work overseas, will he be able to get a passport?
January 26, 2009 by Tax Blog
Filed under Questions & Answers
Kimmie asked:
We have worked out a payment plan with the IRS, and have no intentions of skipping out. He just needs a passport to work overseas – to help pay the money we owe!
We have worked out a payment plan with the IRS, and have no intentions of skipping out. He just needs a passport to work overseas – to help pay the money we owe!
How can I reduce the tax I have to pay for the dividends I received in 2006 from stocks?Catch up on IRA?
January 25, 2009 by Tax Blog
Filed under Questions & Answers
Susan Lee asked:
Instead of re-investing the dividends in the stock I have, I requested and got them to pay me the dividends to supplement my income. I took early retirement and worked part-time in 2006. I did not put any money into IRA for 2006. In my parttime job, I had put ~$4K into a 401K account. My total AGI for 2006 is ~$67K. My preliminary tax return showed that I have to pay taxes for the dividends that I did not pay taxes in 2006. I have to pay a penalty also. In order for me to reduce taxes, can I still put money into IRA for 2006? What is the maximum amount for 55 year old and above? Are there other things I can do to reduce the taxes and hence the penalty I have to pay Uncle Sam?
Instead of re-investing the dividends in the stock I have, I requested and got them to pay me the dividends to supplement my income. I took early retirement and worked part-time in 2006. I did not put any money into IRA for 2006. In my parttime job, I had put ~$4K into a 401K account. My total AGI for 2006 is ~$67K. My preliminary tax return showed that I have to pay taxes for the dividends that I did not pay taxes in 2006. I have to pay a penalty also. In order for me to reduce taxes, can I still put money into IRA for 2006? What is the maximum amount for 55 year old and above? Are there other things I can do to reduce the taxes and hence the penalty I have to pay Uncle Sam?
If I had to pay the IRS will I still get an economic stimulus check?
January 25, 2009 by Tax Blog
Filed under Questions & Answers
Starry Eyed asked:
I have heard that I will and I have heard that I will not. I didn’t owe any back taxes and paid what I owed this year so I do not have a debt to the IRS. Can someone clarify for me? Thanks!!
I have heard that I will and I have heard that I will not. I didn’t owe any back taxes and paid what I owed this year so I do not have a debt to the IRS. Can someone clarify for me? Thanks!!
I did my taxes on HR Block online, they wouldn’t have taken the stimulus money out of what I owed would they??
statements enough to show the IRS how much I made?
January 22, 2009 by Tax Blog
Filed under Questions & Answers
Allen S asked:
I am self employed and deposit the money I make into my bank account as soon as it is received. Will my bank statements be suffient documentation to show the IRS how much I made last year? I was told I need to have a ledger or journal. What should I do?
I am self employed and deposit the money I make into my bank account as soon as it is received. Will my bank statements be suffient documentation to show the IRS how much I made last year? I was told I need to have a ledger or journal. What should I do?
How long does it take for a IRS stimulus check to be intercepted when a parent owes back due child support?
January 12, 2009 by Tax Blog
Filed under Questions & Answers
Jamie B asked:
My husband is owed over 20k from his ex. Her stimulus check would have been sent out sometime around July 9. How long does it take the child support agency to intercept? Also she has 2 other children. Would we get her childrens stimulus money too? Thank you!
My husband is owed over 20k from his ex. Her stimulus check would have been sent out sometime around July 9. How long does it take the child support agency to intercept? Also she has 2 other children. Would we get her childrens stimulus money too? Thank you!
IRS Stimulus Letter never came in?
January 9, 2009 by Tax Blog
Filed under Questions & Answers
Sandy I asked:
I didn’t get a stimulus letter from the government. But I have filed taxes for 2007 (which is my first year first year filing taxes). I’ve looked on the IRS website and it says that I should have my stimulus money by May 9th. How will I know if I am eligible when I didn’t get any letter at all in the mail? Other than that, I think I probably am eligible from he basic information.
I didn’t get a stimulus letter from the government. But I have filed taxes for 2007 (which is my first year first year filing taxes). I’ve looked on the IRS website and it says that I should have my stimulus money by May 9th. How will I know if I am eligible when I didn’t get any letter at all in the mail? Other than that, I think I probably am eligible from he basic information.
Irs Tax Lien Removal
William McConnaughy asked:
ien removal is possible even before the tax is paid. This is a fact that most people don’t know, because they view the lien as being completely at the discretion of the IRS. But if the lien actually impedes the ability to pay taxes, a tax negotiator can get the lien removed.
Please Release Me….
An IRS tax lien is like a weight around your neck. The lien is recorded on your credit report and becomes a big black mark against you. The ironic fact is that the lien can stop you from being able to borrow money so you can pay the tax. Getting an IRS tax lien removal can save you from this.
What’s also ironic is that many people only have their house or business left by the time a tax lien is placed on their assets. The house is the roof over their head and the business is a source of income. A lien gives the IRS the right to proceed with additional collection activities, but as the saying goes, you can’t squeeze blood out of a turnip.
An IRS tax lien removal is a liberating act. Once the lien is removed, you can borrow money, stop living in fear of the next collection step and get on with your life. Lien withdrawal is not something the IRS will volunteer to do though, which means you need to turn to a skilled IRS tax negotiator.
Getting an IRS tax lien removed before the tax is paid or eliminated is possible, but not easy. When you talk to the IRS as a taxpayer owing taxes, you’re negotiating from a weak position. Anytime you owe the IRS, the agency isn’t going to budge when it comes to exercising their power to collect.
The key to successful negotiation is sending in a negotiator that understands how the IRS operates. This changes the position of weakness to one of strength.
…Just Let Me Go…
There are several reasons why an expert tax negotiator will be able to get an IRS tax lien removal.
* Getting an IRS tax lien removal will actually help the IRS collect the tax
* The lien was filed in error and or too quickly
* There’s a payment agreement in place which doesn’t include a lien
A professional tax negotiator can work with the IRS on your benefit and prove to the IRS that your lien fits under one of these conditions. Though it’s hard to believe, the IRS often does not follow its own procedures which leaves the agency vulnerable. When a tax negotiator can show the IRS that the lien was filed inappropriately in violation of their own rules, you can be granted an IRS tax lien removal.
It would be nice if taxpayers could approach the IRS and know that they would be treated fairly. But unfortunately that’s a dream world. Though the IRS is not as vicious as it was before the Reform Act was passed, it’s still the IRS. The IRS is all about collecting, and not forgiving, taxes.
ien removal is possible even before the tax is paid. This is a fact that most people don’t know, because they view the lien as being completely at the discretion of the IRS. But if the lien actually impedes the ability to pay taxes, a tax negotiator can get the lien removed.
Please Release Me….
An IRS tax lien is like a weight around your neck. The lien is recorded on your credit report and becomes a big black mark against you. The ironic fact is that the lien can stop you from being able to borrow money so you can pay the tax. Getting an IRS tax lien removal can save you from this.
What’s also ironic is that many people only have their house or business left by the time a tax lien is placed on their assets. The house is the roof over their head and the business is a source of income. A lien gives the IRS the right to proceed with additional collection activities, but as the saying goes, you can’t squeeze blood out of a turnip.
An IRS tax lien removal is a liberating act. Once the lien is removed, you can borrow money, stop living in fear of the next collection step and get on with your life. Lien withdrawal is not something the IRS will volunteer to do though, which means you need to turn to a skilled IRS tax negotiator.
Getting an IRS tax lien removed before the tax is paid or eliminated is possible, but not easy. When you talk to the IRS as a taxpayer owing taxes, you’re negotiating from a weak position. Anytime you owe the IRS, the agency isn’t going to budge when it comes to exercising their power to collect.
The key to successful negotiation is sending in a negotiator that understands how the IRS operates. This changes the position of weakness to one of strength.
…Just Let Me Go…
There are several reasons why an expert tax negotiator will be able to get an IRS tax lien removal.
* Getting an IRS tax lien removal will actually help the IRS collect the tax
* The lien was filed in error and or too quickly
* There’s a payment agreement in place which doesn’t include a lien
A professional tax negotiator can work with the IRS on your benefit and prove to the IRS that your lien fits under one of these conditions. Though it’s hard to believe, the IRS often does not follow its own procedures which leaves the agency vulnerable. When a tax negotiator can show the IRS that the lien was filed inappropriately in violation of their own rules, you can be granted an IRS tax lien removal.
It would be nice if taxpayers could approach the IRS and know that they would be treated fairly. But unfortunately that’s a dream world. Though the IRS is not as vicious as it was before the Reform Act was passed, it’s still the IRS. The IRS is all about collecting, and not forgiving, taxes.