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    #1

    No one can help me with IRS question?

    I am behind for 2003 and 2004 Federal taxes (work for self and struggling). I am getting the usual penalties and interest I know they will sometimes forgive or reduce penalties for good reason. Since I plan to file Ch7 BK (probably September) does anyone know if this is worth pursuing with IRS? I will probably be requesting a hardship deferrment on my student loans, too - just another "proof" of hardship.

    thanks for any info!
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    #2
    No one can help me with IRS question?

    I posted this below...can't anyone help me out here?http://www.bankruptcyforum.com/showthread.php?t=2045

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      #3
      You can request amnesty...........or just negotiate a tax reduced repayment plan. You're not going to be able to discharge taxes that current under BK.

      Has the IRS been withholding your refunds, to pay your tax debt?
      The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

      Comment

        #4
        Hi Todd, thanks for the reply.

        Originally posted by Todd
        You can request amnesty...........or just negotiate a tax reduced repayment plan. You're not going to be able to discharge taxes that current under BK.
        I know I cannot discharge the taxes, but I am wondering if I call them and tell them I am facaing BK would they consider lowering or dismissing penalties. I also am not sure if this is something I should tell them before I fille or wait until I actually do. The penalties and interest are killing me!

        Originally posted by Todd
        Has the IRS been withholding your refunds, to pay your tax debt?
        I have no refunds. I am self-employed and make so little money (recently finished over 6 years of school ,which is what put me into a lot of my debt) that I cannot meet my estimated tax payments. I am 1/2 way thru a third year of falling behind! The only way I can meet my tax and student loan payments is to file so I can get rid of all the cc debt.

        thanks

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