My spouse and I are both disabled on SSI, early Social Security and his Pension Check. In 2001 he received a large lump sum buyout and we paid off all bills, credit cards, etc. even though the money was taxed highly. The banking institution didn't withhold the correct amt. of taxes and knowing we would owe a huge amount of tax - we didn't file. We know ignorance is no excuse, yet we blindly lived on. About 6 mos. ago the IRS started garnishing approx. $900 per month. Each month we sink further into debt. Currently we have paid our rent, utilities, repaid loans to the few kind relatives and friends that came to our rescue and the much needed prescriptions for the month ($400+ even with insurance). We both have widowed mothers to care for. The doctors, hospitals, labs, etc. are not getting paid so healthcare has stopped. No gas, okay, but we get HUNGARY. We MUST reduce the IRS payments! The mental anguish is certainly taking its toll - how to survive 3 more weeks!
2006-10-11 05:43:02 · 1 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You need a good tax attorney! in the mean time contact Crown Finical ministries. They can give you some good advice for free.
www.crown.org
They DO NOT CHARGE for this service.
2006-10-11 05:50:31 · answer #1 · answered by N3WJL 5 · 0⤊ 1⤋
1) Contact the Taxpayer Advocate in your area. They may be able to stop the garnishment. They can not do anything about the liability however.
2) Make sure that the return in question gets filed. You may owe less than IRS thinks you owe.
2006-10-11 07:26:13 · answer #2 · answered by Wayne Z 7 · 2⤊ 0⤋