Question: My son did not file a 2006 income tax return. He earned about $12,000 and taxes were withheld from his income. Is it too late for him to file a return?
Answer: It is not too late to file a 2006 1040 income tax return. If your son were to owe the IRS for taxes [...]
Question:
My mother and father divorced in 2002 and because they filed Married Filing Jointly they owed over $100,000.00 in taxes to the IRS. My mother does not have a job and has never worked outside of the home. My father agreed to pay all of the taxes in the divorce, but now the IRS is [...]
Question: I’m paying the IRS tax 1040 for 1997 and 1998. How long do I have to pay theses taxes? Is there a time limit? I thought it was only ten years. Why amd I still paying?
Answer: This is a great question. You are correct, that after you have filed your tax returns and the [...]
Question:I stopped paying taxes in 2001, when my long-time employer bankrupted. I have worked on and off as a sub-contractor since earning about $30K/year but have no assets of value. I’m getting letters from the IRS. What can they do except throw me in jail?
Answer: When you owe the IRS money it can be very [...]
QUESTION: I owe the IRS a lot of money for the last several years. I simply have not had the money to pay the IRS when I filed my tax return. So far I have been able to hide and ignore them and that has worked, but now they have found me and are starting [...]
Question: Can I use the deed to a house we own free and clear to make an offer in compromise to the IRS for back taxes?
Answer: The short answer is no. Basically, in determining whether you qualify for an offer in compromise, the IRS will examine you entire financial “self.” You can kind of compare [...]