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Taxes

Why is My Ex-Husband Not Responsible for This 1099-C From the Repossession?

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“Dear Steve, Divorced single mom of three. The IRS held my last years refund of $9000.00. I finally asked them why and they said I failed to file a 1099-C from a 2006 repossesion and the vehicle was awarded to my ex in the divorce. The amount on the 1099-c is 10,300.00. I can’t afford to amend the return and ... Read More »

I Took Money From My IRA and Now Owe the IRS. I’m So Scared. – Angela

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“Dear Steve, Hi. I’ve never had any problems or issues with the IRS until 2011. I resigned from a company that I worked for 11 years due to illness. I rolled over my 401k approx 60k to an IRA local bank. After recuperating, I was unable to get a job, unemployment was still high. Anyway, since I was renting, I ... Read More »

We Owe the IRS Back Taxes and Afraid They Will Put a Lien On Our House. – Kate

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“Dear Steve, I’m paying off the IRS for 2008 tax year (total is now up to $37k), and the interest keeps adding to the total owed. I owed for 2010 and paid that amount, but now owe $10k for 2011, due to too little withheld from my and my husband’s taxes. The initial job loss in 2007 is what caused ... Read More »

National Advocacy Law Center is Calling Me to Eliminate My Taxes. Are They a Scam? – Mary

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“Dear Steve, I’m trying to get help with my tax issue and I was contacted natiomal advocacy debt center by phone concerning a pending IRS audit/tax collection this Firm called my cell phone and had a robot message. The message said it was about my IRS issues and to press 1 or I may face a levy or judgement and ... Read More »

We Got a 1099-C Five Years After We Lost Our House. – Eva

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“Dear Steve, We are in a situation out of our control. We had a forclosure do to the drop in market. We tried to short sale only to be denied after 6 months by the lender. There was a 2nd mortgage on the property. This whole process took place in 2005. Then in 2007 the 2nd wrote a cancellation of ... Read More »

We Have an IRS Payment Plan But My Husband Just Died. What Do I Do? – Maggie

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“Dear Steve, My husband recently passed away. I know I have to file taxes for him and I since we were married, but my question is do I still have to pay any taxes that we owed from previous years. He was making a payment once a month. Do I have to continue to do that? How do I find ... Read More »

Will Our IRS Tax Liens Prevent Us From Opening a New Business? – Donna

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“Dear Steve, We have an IRS lien against or business that we are attempting to sell, and an IRS lien against our home. My husband and I have successfully ran a small biz for 11 years with the exception of 2010 when some taxes weren’t paid. Weare looking to sell our current location to pay the IRS business lien. However ... Read More »

The Timeshare Canceled My Big Debt to Them. Now What? – Craig

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Hi all, I’ve been cleaning up the last of my debt over the past couple of years. I was planning to go and settle with a defaulted Timeshare at some point. But on Friday I received a 1099-C from the Timeshare canceling my $9500 balance on my debt. While on the one hand this is great news, it brings up ... Read More »

I Feel Like Putting My Head in the Sand. What Kind of Trouble Am I In? – Steven

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“Dear Steve, I am a general contractor,about 7-10 years back, was doing well, had 150 k in cash, about 100k in investments ( ira,stocks mutual,annuit), couple cars, work van, motorcyle(veichiles owened out right) , divorced, but doing well & no debt. Got really busy with work, bought a house, started using cc for business was always paying, , trying to ... Read More »

The Virginia Department of Taxation is Taking All of My Pay. – Leslie

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“Dear Jim, I owe back taxes to the state of Virginia for ’06 and ’07. I neglected to pay only because I was dealing with a brain tumor. The VA Dept. of Taxation levied a garnishment of 100% of net. VA Dept. of Taxation uses federal tax exemptions not federal limits for garnishment. At least, that is what I am ... Read More »

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