If so what percetange can they take for back taxes owed?
Or will they just cart me off to the pokey?
Is this a big deal or should I go see the tax man before I make a move.
I had a 100 fee turn into 4,000 dollars,and I had about 20 grand total gambling winnings from last year I need to pay on,any advice?(that 100-400 was from about 3-4 years ago)
Please don't rip me a new one thoughful answers appreciated and I thank you in advance for your time.
2007-07-17 04:35:55 · 5 answers · asked by FYIIM1KO 5 in Business & Finance ➔ Taxes ➔ United States
sorry,I live in California
2007-07-17 04:51:17 · update #1
No I haven't filed for 2006 if I do so now will they possibly not garnish my wages for the other,allso do you know the percentage they would take in ca,if my wages were attached.?
2007-07-17 06:50:34 · update #2
Your best bet would be to contact the IRS and set up a payment plan and then stick to it. Here's a link to the page on the IRS website that discusses payment plans and how to set them up. You can even set one up on-line if your total debt is less than $25,000.
If you put them on disregard they eventually WILL attach your wages and you probably will have a tough time surviving on the balance.
Even states that don't generally allow wage garnishment, such as TX, cannot block an IRS wage attachment.
2007-07-17 04:51:06 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
There are a few things that aren't clear in your question. Do you already have a payment agreement with the IRS that you are following as agreed? And did you already file for 2006 but just not pay what you owe? If you haven't filed, you might as well bite the bullet and file - at least that way one part of the penalties will stop accumulating.
You're in pretty deep on this - you already know that. And they might garnish part of your wages - the percent they can take depends on your state law.
Unless you get defiant about this and just flat out refuse to even talk to the IRS, you're not likely to go to jail. But you WILL have to pay them what you owe.
Good luck.
2007-07-17 06:24:40 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Make arrangements to pay your taxes before "it" comes after you. In this way, you may be able to pay a better percentage because you are taking the initiative.
Research ways to reduce your tax obligation for large income you might receive in the future.
Keep up with tax changes--they can make you or break you!
2007-07-17 04:44:13 · answer #3 · answered by Starte Christ 4 · 1⤊ 0⤋
Your wages will eventually be attached. I know because the state of NC has attached mine. Your best bet when you go back to work is have them take a little extra out of your check to help pay back what you owe. If you talk to the IRS they will let you make payment arrangements and depending on your situation they may reduce the amount you owe if you can claim hardship. Hope this helps and good luck !
Tammy
2007-07-17 04:47:06 · answer #4 · answered by Tammy C 3 · 1⤊ 3⤋
Need to know what state you live in. You may not get any garnishment.
2007-07-17 04:47:21 · answer #5 · answered by wizjp 7 · 1⤊ 1⤋