I owe them about 7k & they are taking everything I make above & beyond $143 a week. I CANT LIVE ON THIS!!!
2006-10-30 09:45:19 · 17 answers · asked by imcablesteve 2 in Business & Finance ➔ Taxes ➔ United States
you need to file your returns and work out a payment agreement with them.
Call the IRS and talk to them.
2006-10-30 09:51:23 · answer #1 · answered by daniswired 3 · 1⤊ 0⤋
You have quite a few options, but a great deal depends on different factors, and the level of advice you need is quite beyond this forum.
The first factor is the nature of the debt. Do you actually owe the money? If the amount you owe is in debate, then you have more wiggle room, and it is easier to get them to pause in their collection actions. Are there penalties in the balance due that are inappropriate?
Another factor is IRS proceedure. If the proceedure leading to a garnishment failed, and the failure point is shown to them, they will stop the levy instantly. The fastest I have heard is 24 hours, but my experience has been in two weeks.
Are you able to come to an installment agreement that is livable? If so, then you can complete an installment agreement at the IRS website. Discuss the options with the collections department of the IRS.
Do you qualify for a hardship exemption? The $143 they leave you is based on a table amount. You can submit a form that could lessen or halt the garnishment amount based on your living expenses.
For a case such as yours, I would seek out a CPA or an Enrolled Agent that was a former IRS revenue agent. A tax attorney is a bit overkill for a situation like this. Anyone can become an enrolled agent, but IRS revenue agents who work with the Service for a minimum period of years are granted the license. Former agents tend to be experts in the area of IRS proceedure.
2006-10-31 13:13:31 · answer #2 · answered by tax_black_belt 2 · 0⤊ 0⤋
once you have gotten into a garnishment you have run out of options other than paying. An attorney will charge you an arm and a leg to conclude that you should pay the IRS what they want. There are only a couple of ways to deal with the situation now. Get a loan with payments less than what they are taking and pay it off. Get a second job and put every dime into the IRS debt. By the way be sure to share your story with any one that is behind on their income taxes. Deal with it before it gets to a tax lien.
2006-10-30 18:40:35 · answer #3 · answered by ? 6 · 1⤊ 0⤋
It starts with a phone call to the IRS...write down every day, every person, every conversation you have with them...and try to strike a deal that you can live with...be reasonable.
If you don't think you owe them this tax...dispute it immediately and get a lawyer to help you get them off your back...if it is question of your divorced spouse owing and they somehow have come back to you...there is relief you can get from this...go to an accountant and together you can get this form filled out and filed or pull it off line after you CALL THEM!
2006-10-30 17:57:30 · answer #4 · answered by Angelfood 4 · 0⤊ 0⤋
I assume you've gone in and talked to them about this? If not....get in there right away. Explain that you are willing to pay up, but in smaller monthly/bi-weekly amounts...you need somthing to live on.
Do you have any investments or mutual funds you can cash out and help to pay down the debt? If so, it might be worth it just to get the government off your back.
Good luck
2006-10-30 17:48:35 · answer #5 · answered by Canadian Ken 6 · 1⤊ 0⤋
YOU NEED A TAX ATTORNEY.
If you do nothing, you're going to be garnished until it's paid.
If you hire a TAX attorney, you'll probably spend a lot less than they save you.
2006-10-30 19:01:11 · answer #6 · answered by open4one 7 · 0⤊ 0⤋
call them up and try to set up payments.you will have to send them a financial report. but usually they will take payments. i make a payment of 80.00 a month. it's better than getting garnished.
2006-10-30 17:49:00 · answer #7 · answered by zenasrager 3 · 0⤊ 0⤋
Contact the "Taxpayer Advocate" in your area. There is one in every major metropolitan area. They can't do anything about the liability, but they may be able to stop the garnishment.
See what happens when you ignore those IRS notices????!!!????!!!!????
2006-10-30 17:54:01 · answer #8 · answered by Wayne Z 7 · 0⤊ 0⤋
thats what happens if you dont pay your taxes!
but when I was in the US I remember seeing adverts on TV from attorney's who could help you with IRS debt.
have you tried one of them, if not, then I suggest that you look at paying back that money you owe with a more reasonable personal loan and then....REMEMBER TO PAY YOUR TAXES!
2006-10-30 17:47:36 · answer #9 · answered by skattered0077 5 · 0⤊ 1⤋
see an attorney and see if you can get a settlement to pay it off at a lesser price.
or
try to get a small loan so you can pay them off, the payments would be much cheaper on a loan.
2006-10-30 17:47:27 · answer #10 · answered by stephaniencurtis 2 · 0⤊ 0⤋