If you owe the IRS and cannot pay in full, there are five collection alternatives that you can obtain from the IRS that you can use. Extensions of time to pay and easy to obtain installment agreements are the most common alternatives selected by those who owe. In most instances, individual taxpayers just need a … Read more
Question: Dear Steve, I was laid off 11/3/2008 with 2 kids in college and the sole financial provider for 3 kids and my wife. I paid every bill on time through June of 2011 despite being out of work the 1st time for 17 months. I filed chapter 7 in July of 2011. I survived … Read more
Question: Dear Steve, I have recently received letters from the IRS about taxes owed from previous filings (2012, 13, 14). I don’t have the financial resources to pay them outright. I am considering using Roth IRA funds to settle the debts. The IRA was initiated over 5 years ago. One of the exceptions to the … Read more
“Dear Steve, My boyfriend has the IRS after him from a 2009 audit that went into noncollectable status in 2010. Recently, we have had a knock on the door and a note left from the IRS with impending doom. My girlfriend said that adding a second person on the bank accounts will prevent any bank … Read more
“Dear Jim, I’m dealing with a situation where I was married for 11 years. It was a very abusive marriage. To make a long story short, he committed suicide, since then the IRS has been hounding me, garnishing my wages and threatening holds on my bank account as they have made me liable for all … Read more
“Dear Steve, I got behind because IRS was garnishing my wages and I got behind. How can I ever get debt free if no one would give me a chance to pay my debt down and get back on track. I been at my job going on 7 years and have steady income. I just … Read more
In response to the Federal Trade Commission (FTC) actions, a coalition of tax debt relief industry leaders is planning to argue that tax debt is secure—so the law wouldn’t apply to them, according to e-mail evidence obtained by independent Web site easyIRS.com. Greensboro, NC (Vocus) October 12, 2010 The survival of many tax debt relief … Read more
In the news again is yet another tax relief company to find itself in hot water. American Tax Relief of Beverly Hills, California made claims that they could settle tax debt for pennies on the dollar. As big and scary as the Internal Revenue Service is, many jumped at the opportunity to make their debt … Read more
“Dear Steve, I have about $45K worth of debt. I have four credit cards with balances of $500 each. I have IRS debt of $1600 and $3000 balance on Best buy card. And a $38K auto loan. Truthfully, its the auto loan that is killing me. I pay 13% interest. SO now my loan is … Read more
“Dear Steve, I live in California, I was married and my wife and I got into severe ($80,000+)debt and($50,000+) tax trouble. We filed for Chapter 13 in 2004 and erased the debt but left the taxes with the plan of filing Chapter 13. That never happened. We were separated then and finally got divorced in … Read more
Doug “Dear Steve, i lost my job in January 09 where i was making about 67K/year. at that time, i was pretty much just surviving financially, i had gotten divorce a year earlier and was having trouble adjusting to new expenses (W4 withholdings killed me). i was out of work for 4 months collecting unemployemnt … Read more
Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their … Read more