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IRS debt before bk closes...need some input

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    #1

    IRS debt before bk closes...need some input

    While I wait for my case to finally close, I have just received a letter from the IRS regarding debt for the year 2004. I expect to receive similar for 2005 and probably 2006....I had to pay off IRS debt in 2005 that I had to take money out of an IRA...and it's going to start coming up...how do I handle this?

    Since I know there will be more issues, should I try & find a company to do an offer and compromise? I am going to totally freak out....Can I ask them to take any income tax refund that I am entitled to for the next couple of years?

    I can never get anyone when I call the IRS...you know how that goes...should I seek a good accountant...(can I afford that???)

    Anyone have any experience or think of a path to get started on with this?

    I think I have like 60 days to come up with something.
    Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
    Who it was we were below, where we've been and where we go
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    #2
    You can try an offer in compromise..download the forms right from the IRS web site. I tried it once, but didn't get anywhere. Instead, I was able to wipe it clean in a Chapter 7 (they were over three years old).
    NOTE: I am not a lawyer...any advice I give is for entertainment purposes only. Legal questions should be directed to competent counsel. I am just a troll. Or a Toad.

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      #3
      Originally posted by no_it_all View Post
      You can try an offer in compromise..download the forms right from the IRS web site. I tried it once, but didn't get anywhere. Instead, I was able to wipe it clean in a Chapter 7 (they were over three years old).

      I was advised to take care of 2001, 2002 & 2003 prior to filing...probably bad advice right?! (about $18,000 worth...)....oh will it ever end?

      what now?
      Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
      Who it was we were below, where we've been and where we go

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        #4
        Update...

        I broke down & called my Xhusband's accountant (who I couldn't go to previously as this accountant did my X's medical group's taxes...and who do you think found the accountant in the first place??? ((me)))....My Xhusband is out of FL so there is no conflict of interest now....

        I hope to speak to him tomorrow. He is KING in my town in re: to taxes.

        I let his secretary know that I'd compilate tax returns on Sat/Sun during tax season to pay for his help....(I used to help out when I was married, as I worked for CPA's in Manhattan back in the mid 80's)....I feel like that homeless person with the sign trading work for food...well, maybe it will work?

        office help for tax help?
        Filed Oct 2005discharged February 2007,Shapeless in the fire's glow, tell me if you think you know,
        Who it was we were below, where we've been and where we go

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