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Tag Archives: owe back taxes

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 »

Former IRS Agent Tells Tax Debt Relief Services May be Dangerous to Consumers

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photo © 2007 paul stumpr | more info (via: Wylio)Jim Buttonow, a CPA and former IRS Agent has released information about why the very premise of selling tax relief services for an advance fee is something consumers should be protected from. Below you will find submitted comments to the Federal Trade Commission regarding the selling of tax relief services. Get ... Read More »

We Closed Our ATV Business and Owe Back Taxes. – Wanda

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We closed our business due to sickness and now we’re deep in debt My husband owned an ATV dealership for 17 years. It was an S Corporation. We put 2 kids thru college, we’re now in our 50′s. After 911 – business declined, but he struggled anyway and kept it open. I knew he had been sick for a while, ... Read More »

I’m in a Balance Liquidation Program and in Collections With United Recovery. Should I Consider Bankruptcy? – Jim

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“Dear Steve, I owe 64K in unsecured debt ,I have one card on a Balance Liquidation Plan , another on a 1 year customer care program, and one in collections with United Recovery . Also two smaller ones . I’m self employed and business is very off due to the economy . I have yet to pay any corperate taxes ... Read More »

How Do I Uncover My Wife’s Hidden Debts? – Denny

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Denny “Hi Steve, I owe $70,000 in back taxes and my IRS account is currently in collections. I’m working with an accountant to setup a payment plan and am pleased with how it’s progressing. However, although I have always filed as married filing separately to keep my wife out of the picture, the IRS is sucking her in anyways. So ... Read More »

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