for 12mo. they say still owe8700.00 because of int.ithinking of asking 8700people to send me 1.00 to help pay the fine irs what do think
2007-12-17 13:22:15 · 6 answers · asked by lonnie m 1 in Business & Finance ➔ Taxes ➔ United States
Well, at least you admit the tax return was wrong and it's your fault....
2007-12-17 16:20:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I think that at $300 a month you will have it paid in less than three years. If you have a refund on your 2007 return, it will be applied to what you owe as of the date the return is processed or April 15, whichever is earlier. Get your 2007 return filed as soon as possible and you will cut the accumulation of penalty and interest a bit.
2007-12-17 14:34:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I hate to burst your bubble. But, any money that you get from your scheme will be taxed. Therefore, you will need enough to pay your debt AND enough to pay the taxes on the $8700 that you are looking to raise. The total that you need could be as high as $11,500.
Good Luck.
2007-12-17 14:20:24 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
If you get together a set amount of cash, you can pay it off. My friend owed $40.000 and settled for $15.000 Quite a bit of difference. Huh? Good luck
2007-12-17 13:27:42 · answer #4 · answered by mtchndjnmtch 6 · 0⤊ 1⤋
I think you would be most fortunate to extract even $87.00 from your harebrained scheme.
2007-12-17 13:58:25 · answer #5 · answered by acermill 7 · 0⤊ 0⤋
Not enough information.
Why do you owe money? What started it all? (Also, please use complete sentences. It's hard to understand what you're saying.)
2007-12-17 13:26:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋