 Do anybody know why the rebates arent being deposited? |
Additional Details
I heard that if you had fees taken out of your refund that it wont be deposited, youll get a paper check!!! If thats the case I got more than a month to wait for mine!... |
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 I received a second letter from the irs stating that I should receive my rebate by the 16th...? |
| However the 16th has come and gone, and I was wondering if maybe they worded the letter incorrectly, and meant to say that it will be mailed by the 16th..the last two of my ss# is 02..I know that ... |
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 Joint tax return re:IRS Stimulus check: SSN last two digits used for deposit status? |
| We filed a joint tax return, does anyone know if the IRS Stimulus checks are deposited based on the first SSN entered or on the second SSN entered? My husband's SSN ends in 06 and mine in 27. M... |
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 Who claims the child for taxes? |
| My ex-boyfriend and I had a son in 2004. We were never married. We split in 2006 and I am now married. My ex lives in the area with his girlfriend. My ex gets my son three days a week, M-W, it's ... |
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 Tax rebate? |
| i made $40000 in 2007, my wife does not work at all, how much should i get in tax rebate ?... |
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 Advice for avoiding owing taxes in 2008? |
| We are sick of owing around $3000 in taxes! The so called tax reform did us absolutely no good - we owed more this year, and our bracket did not change. Taxable income, around 120,000 - standard ... |
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 Paper Check!!!!!!!!!!!!!!!!!!!? |
Has anyone with the last 2 of ss# being 11 gotten there paper check?
Additional Details
I am asking because people started recieving them yesterday. They are ahead of schedule and have ... |
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 I have no taxable income but I have capital losses. Can I still deduct $3,000 limit and get a refund? |
| I have no taxable income. I had money to put into stocks, which I lost good amount of it that exceeds $3,000. Can I still deduct $3,000 as a capital loss and get a refund when I file a tax return?... |
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 IRS Delay? Did you file using Turbo Tax.com? |
| I just wanted to find out from others who are having their refund delayed if they filed using Turbo Tax.com. My refund was suppose to be refunded to me on 1-26. On the 26th when I called the IRS ... |
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 I won money outof the usa. should i pay for my winnings.? |
| i have won money out of the usa. should i pay for money that i have won?... |
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 Why is tax credits based on previous yrs earnings? |
| because last year (tax yr) we both worked this current tax year i have not worked so we struggle with money because tax credits give us what we would have gotten if i worked why do they base it on ... |
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| Is it true that when I pay tithes at my church, can I recieve all that money back in my tax refund? |
I have a statement from my church which states:
"This is to certify that the sum of 500 dollars was to Greater Apolstolic Church by (Me) for the year of (2007) as a tither. these ... |
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 My income tax check did not arrive yet? |
| It has been 2 months that im waiting for my income tax check to arrive but the lady that did the income tax for me says that the check did not arrive yet, and shes giving me stories over and over ... |
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 About to start work as a tax preparer.? |
Hi, I'm about to start a job as a tax preparer for a small firm. It's been awhile since I've done individual returns. I don't exactly remember what software he uses.
A... |
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 Can a credit card company threaten to take the money you owe them from your tax rebate? |
| Capital One Bank - sent a letter by mail, threatening to take the amount owed from my taxes, tax rebate.... |
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 No stimulus check yet and not understanding why.? |
| Was supposed to get our check on 5/9 and still nothing. We mailed our return in, didn't have any fees removed and it wasn't rapid refunded. We received our normal refund the other day so ... |
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jeff | I owe some taxes, irs or tax consultant? |
Ok heres my question i owe some taxes, not alot just more than i can pay. I did file and have now received a letter from irs. If I make payment arangments Ill be paying more penlties and interest than what i owe. so to my question ,is it better for me to cal irs and see what i can work out with them on this or call a tax specialist that claims to be able to get my tax bill down to pennys on the dollar and remove most or all of the interest and penlties?
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♥ Miss♥Molly ♥
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only call the tax specialist if its over $10,000 I called like 40 of them and I only owed $4500 they all told me they could not help me if you can take out a loan with no pay off penalty there will be interest but it way better them owning uncle sam lol good luck I feel your paine oh and btw you can call the IRS and ask them for a payoff most of the time they will let you pay the base amount and you save all the interest they have charged you over the years |
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Sharon T
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I've heard those claims on TV, too, but don't believe them. I've done representation work during my career and there are some circumstances where an Offer In Compromise can reduce the amount one must pay, but these are few and far between.
If you can pay off what you owe in a few months, send them a check with a note you'll need a couple of months to finish paying. You'll get a computer-generated letter back demanding full payment. Feed them some more and keep this up with a payment going in once every 30 days. If you can't get it all paid in that time, you'll need to arrange an installment agreement.
Stay away from the flakes. There are lots of good EA's out there who can represent you if you feel you need it, but you're not going to get it wiped out for pennies on the dollar. |
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Judy1
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Calling one of those tax specialists isn't going to help you - they'll just charge you a ton of money, more than the penalties will be, and aren't going to be able to help. They're pretty much ripoffs anyway, but aren't going to be helpful for small amounts.
You need to make payment arrangements. |
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v b
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Let's see, the interest rate is 5-6%. The failure to pay penalty is 6%. Unless you fail to pay this off in 6 years (or screw up the payments so that the irs bumps the penalty rate to 12%), you won't be paying more in P&I than you owed in tax.
And if you *can* pay this off in 2-3 years, you can't qualify for the offer-in-compromise. |
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Ms. Angel..
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Why bother with a tax specialist, if you can pay IRS how are you going to pay a tax specialist which will charge you about as much as you owe IRS.
The best thing to do is either get a loan to pay off IRS or set up an installment agreement with IRS and make your payment proposal as much as you can pay. You can request in writing abatement of penalties but interest you can't.
The specialist is not going to do anything you can't do on your own.
Visit IRS website: www.irs.gov for installment agreement Form 9465 and if you absolutely can pay much and you owe over 25K you can fill out form 433-F Collection Information statement and submit with form 9465. IRS grants IA for 60 months for balances of $24,999.00 and below. Interest and penalties continue to accrue while you have an IA, and will be charged until you full pay the amount you owe.
Or you can call IRS at the phone number listed on your letter to speak to a representative to set up the installment agreement.
Call right now, you may be on hold for a while. You may want to review form 433-F and F9465 before calling so you have an idea what they are speaking about.
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wartz
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Getting a "pennies on the dollar" deal requires that you only be able to pay that much over a reasonable period of time. The fact that you could end up owing more in penalty and interest than the original tax is irrelevant. If you owe less than $25,000 and can pay it within five years, IRS is going to want you to do just that.
The "As seen on TV" resolution firms commercials are pushing Offers in Compromise. When you settle for less than100 cents for every dollar you owe and IRS forgives the rest. It will do this if it determines you are offering as much or more as it could collect from you through monthly payments or seizing your property.
The amount you have to pay is, to use the IRS jargon, is "an amount that represents the reasonable collection potential of the account." This is a lump sum equal to what you could get from the equity in all your assets if they were sold at a quick sale, generally 80% plus 48 times what you could pay monthly on an installment agreement.
For example, if you had a car worth $10,000 and owed $5,000 on it and nothing else and IRS said you could make payments to IRS of $100 per month you would have to offer 80% of $10,000 minus the $5,000 owed = $3,000 PLUS 48 times $100 = $4,800 for a total lump sum payment of $7,800 on whatever you actually owed.
I got an offer for a client who owed a quarter million dollar liability accepted at 1 cent on the dollar. Many other clients have not qualified and others can come up with what it would take if they did qualify. Another resolution may work better for you including convincing IRS that the account is not collectible at all right now.
If you want to hire a professional representative--enrolled agent, CPA or attorney--stay away from the ones that advertise on cable TV. I had one potential client tell me he was quoted a fee of $3,900, an amount triple what I would have charged, and he only owed $6,000.
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Taylor- The advice giver
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My mother works at the IRS, and what I would say if you want to SAVE money to pay off your taxes, call the IRS. Tax specialists cost money most times. It matters what kind of "deal" you are talking about, but if it is an easy one, they will most likely take it. If they don't take the deal, call the tax specialist. Hope I helped, if not, I am truly sorry! |
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staceyhamrick2000
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most tax lawyers require that you debt be really high to even talk to you remember that that service cost money to, i would call the irs to find out what you have to do to set up a payment plan but it is the government i doubt they will cut you a break, but if this happens next year you can set up an arrangement when you file to avoid the penalties |
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Eric E
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hmmmmmmmmmmmmm |
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