i owe money on back taxes 20000 to state about 18000 to federal is there any hope or help for me
2006-12-08 07:04:08 · 7 answers · asked by wendell l 1 in Business & Finance ➔ Taxes ➔ United States
The federal and state governments want "their" money for your taxes. In turn, they will work out a payment plan with you, if need be, to collect those taxes.
Contact your state and federal government to set-up a payment plan. The IRS can be contacted at 1-800-829-1040 and that's where I'd tell you to start.
One warning, if you set-up a payment plan, do NOT miss a payment because that can and usually will cancel the agreement you made with the governments. And then, more threats and leins may occur.
If jail time is a concern of yours, remove that thought from your mind. The IRS and your state just want paid. By contacting them and agreeing to a payment schedule, you are attempting to pay them. Better to be in their good graces than bad ones.
Good Luck!!
2006-12-08 08:05:55 · answer #1 · answered by NoNickname 2 · 2⤊ 0⤋
Just a warning, filing bankruptcy does not cancel your debt related to back taxes. You will still owe the full amount of back taxes after bankruptcy and you will still be on the hook for paying the tax authorities.
2006-12-08 20:01:04 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
you may not record single on an identical time as you're nevertheless married. yet you will possibly be able to correctly be waiting to get tax alleviation from the IRS. in some circumstances, an superior half (or former significant other) would be relieved of the tax, interest, and outcomes on a joint tax return. 3 styles of alleviation are available in to married persons who filed joint returns. one million. harmless significant other alleviation. 2. Separation of felony accountability alleviation. 3. Equitable alleviation. Married persons who did not record joint returns, yet who stay in community supplies states, may additionally qualify for alleviation. See IRS e book 971 and style 8857 for added information.
2016-12-13 05:20:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They will both set you up with payment plans. THey will also take your taxes when you file to get it paid down more.
2006-12-08 09:48:44 · answer #4 · answered by shaydzofluv 2 · 1⤊ 0⤋
If you cannot afford to pay and your the taxes due were assessed for more than 3 years ago you could file bankruptcy if you really need to.
2006-12-08 08:37:06 · answer #5 · answered by woodluvto 2 · 0⤊ 2⤋
You can contact both of them and ask for a payment program. They are likely to offer you a deal.
2006-12-08 07:11:38 · answer #6 · answered by united9198 7 · 1⤊ 0⤋
Call the IRS and start paying it off.
2006-12-08 07:13:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋