We were trying to sell our home but at the end we didnt, and know we have to pay this years taxes plus another year that we forgot to pay, maybe two years. what should I do, also I have bad credit.
2007-11-16 13:08:47 · 14 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Yes, Mark, they can. They consider it fraud. Contact the IRS immediately and arrange a repayment schedule. And stick to it.
2007-11-16 13:12:50 · answer #1 · answered by staggerlee337 5 · 0⤊ 0⤋
Yes, the government can take away your home if you don't pay your taxes but this would be a last ditch effort. The last thing the government wants to do is make people homeless.
This brings us to the what to do stage.
First, get a tax attorney. There are many firms out that that specialize in your problem.
Second, pull all your tax records going back at least as far as the last time you did pay your taxes.
This gives the attorney and the people he works with something to work with to solve your problem. They may even be able to help solve your credit problem.
Three, work with the tax attorney. Pay the amount he works out for you to pay. Pay ontime after this.
Above all remember, the goverment would rather work out an agreement whereby you are able to pay than to sieze your home and make you homeless. If you are homeless you are costing the government money in the form of homeless shelters and food programs. If you are living in your home and paying back over time what you owe the government is collecting money in the form of taxes it can spend on welfare programs. Thus, it is in the government's best interest to work something out with you and your tax attorney.
2007-11-16 13:33:42 · answer #2 · answered by Bill 3 · 0⤊ 0⤋
dont panic. wait a minute. you mean you didnt pay your property taxes for two years? the city has probably placed a lien on your property. that means that they expect to to collect FIRST when you sell. they are no one to fool with. why dont you just contact them and try to make a payment plan? if you have any equity at all in the house, why not try to free it up with a home equity line of credit and pay that bill off? even with bad credit, try lendingtree.com and see what you can do
2007-11-16 13:18:07 · answer #3 · answered by bebop_music 5 · 1⤊ 0⤋
well you have to pay your taxes they will start taking your stuff away and they don't really kid around about stuff like that. Why you weren't paying them in the first place is beyond me.
But anywho pay them back and build your credit up, then and ONLY THEN try to move.
2007-11-16 13:11:59 · answer #4 · answered by Curious12 1 · 0⤊ 0⤋
How do you "forget" to pay taxes?????
They will give you a deadline, and if you do not pay by that date, they will take your property.
Better get another job, or start selling things, or you will lose your house.
2007-11-16 13:12:47 · answer #5 · answered by Anonymous · 1⤊ 0⤋
It will be best to pay the taxes. If you default on your property taxes, the city/state can take it and auction it off.
2007-11-16 13:13:13 · answer #6 · answered by techbankguy 4 · 0⤊ 0⤋
Not because you forgot - they'd send you a number of reminders before any foreclosure proceedings were started. But from your question, it's not that you "forgot" one year, it's that you still haven't paid it even after you were reminded. And apparently haven't paid this year either. So yes, they can take it.
2007-11-16 15:22:38 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
go to one of those places where they help u and give u help to pay your taxes. or move to canada or keep trying to sell your house
2007-11-16 13:12:01 · answer #8 · answered by bstump190 2 · 0⤊ 0⤋
You will lose your home if you do not pay your taxes.
2007-11-18 13:27:00 · answer #9 · answered by Gary 5 · 0⤊ 0⤋
Yes, they can certainly put a lien on it.
2007-11-16 13:11:10 · answer #10 · answered by That one 7 · 0⤊ 0⤋