Tag Archives: owe the irs
- Can I Get Rid of Back Taxes in My Chapter 7 Bankruptcy? – Jacquelyn
“Dear Jim, I am converting from chapter 13 to a chapter 7 and I have owed federal taxes in it they will work with me on it won’t they? Will they work with me to pay back my taxes? Jacquelyn” The Answer: Dear Jacquelyn, Thanks for the question. Although bankruptcy is filed in federal US [...]
- We Did Not Pay Our Payroll Tax and Now Owe the IRS. What Should We Do? – Annitra
“Dear Jim, My husband and I have a small business. He did not pay our payroll taxes. He used the tax money to run the business. The IRS has our account on hold at this time because technically he does not have a job. He says he is looking for a job and the IRS [...]
- I’ve Been Involved With Risky Ventures But Now Want to Clean Things Up. – Ryan
“Dear Steve, I have spent the last 6 years being involved in risky startups and ventures. I have used my life savings for these ventures as well as racked up a good amount of credit card and tax debt. We just had a baby boy 4 months ago – and I am completely focused on [...]
- If You Thought the Recession Was Bad, Wait Till You See The Tax Problems Many Will Have as a Result
Jim Buttonnow from easyIRS.com sent me over the following article to post in an attempt to warn consumers of the looming tax problems to come as a result of living through tough times. He raises some very important points and issues that will undoubtably catch consumers and land them in trouble with the IRS. This [...]
- Owe The IRS? Former IRS Agent Tells You What You Need to Know to Deal With the IRS.
Jim Buttonow and I met recently and had a chat about tax relief companies and what people need to know about how to deal with tax problems. Bear in mind, this interview was recorded prior to the latest FTC announcement that enforcement action against tax relief companies will be suspended for now. Embed Share Video [...]
- We Closed Our ATV Business and Owe Back Taxes. – Wanda
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 [...]
- We Own a Small Business That Has Never Made Much Money. How Do We Get Out of This Mess? – Sierra
“Dear Steve, We own a small business for 11 years that has never made much money. my husband filed bankruptcy and put everything for the business in my name and all or our personal property, credit cards everything in my name. now we are in trouble with the irs because my husband did not file [...]
- Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.
Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process [...]
- Tina Says “My CPA is Under Investigation For Fraud”
Tina wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]