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 Where do you get tax papers to file?
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 What is the amount of savings is allowed if I want to claim benefit?
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 Itemized tax deductions?
I am a real estate appraiser and my boss is withholding taxes. I received W-4 for the income I earned last year. Typically appraisers are treated as sub contractors and receive 1099's.
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 Turbo Tax/ Stimulus check?
My mom got her stimulus check and I used Turbo Tax to file her refund, however I paid for the fee using a credit/debit card. It was directly deposited into her account this morning. For all the ...


 Can someone get into trouble with i.r.s for claiming children that are already claimed??
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 I was suppose to recieve my tax rebate check today but i did not, why? help?
Accoding to ,my last two digits on my social i was suppose to recieve my rebate today on the 9th I am single and made more than 16000 last year, I have no kids owe nothng, not married , i recieve 1000...


 Tax fraud?
Is this scenario totally okay in the eyes of the fed?
Two parents live together not married. They have 2 kids together.And 2 kids from previous relationships. Each of them claim 2 kids on their ...


 How much tax should we expect to pay on my husband's freelance job?
My husband is an architect currently employed with a firm. He just got a freelance job on the side, which is expected to pay him around $26,000 over the next year or so. (This is additional money ...


 When teenagers get taxes taken out of their paycheck, isn't that technically "taxation without representation"?
something to think about.
Additional Details
Don't read too much into this question. I'm 25 years old. It's just something to think about....


 Trying to file taxes. Dont have w-2 where is my Emplyer Id number?
I am using my last paycheck to claim my taxes with. Does anyone know where I can find my employer id number???...


 Can I file my taxes without my W2's?
My husband and I were planning on filing jointly this year as this is the first year we were married. My employer generally doesn't send out our w2's till the very last minute. My husband ...


 If i have to put up with higher taxes on my gas guzzling 4X4 shouldn't the Government impose a tax on obese
individuals as they generate more waste than the average individual?...


 I have a tax question maybe someone can give me answers to?
i'm a first time tax filer i've never done it before what is the best place to go get my taxes done that would possably give me a part of my refund that day i go,and any tax place that ...


 A child living at home turns 17 Oct 27, 2007 can she still be claimed as a dependent?

Additional Details
any idea how to override the HR Block Tax Cut programs response because it says she is 17 so not eligible as dependent?...


 I've been made redundant and I might be pregnant - would this change my package? Am I entitled to more?
I'm due to leave the firm 30th August, and have agreed a package. I've been at the firm for just under 2 years. Does the company have any duty to pay me anything if I'm pregnant and ...


 Can anyone tell me the conversion of 6.00euros into british pounds?
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 If i own stock, and it increases in value and makes me money, do i have to pay taxes on that?
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 How important is it to declare profit on rental property?
I have a retal propert nowy nearly 8 months, income is alot greater than mortage, Should I declare it to inland rev, also is there anything I can write off against my profit? What would be the ...


 Does finance or boyfriend meet the qualifed dependent test when I am filing Head of Household?

Additional Details
Seems to me a boyfriend meet the requirement for "qualifed relative" test but not the "qualifed person" under HOH test. But why? and if I am ...


 Tax Audit question, re: 401k Distribution?
I got audited on my 2006 tax return for taking an early distribution from my 401k. When I closed the account, I was given the option to have them withhold the penalties and taxes, or to give me the ...



Csi Fan 33
My girlfriend did not file taxes the last 3 years and now has done them and owes 14k will IRS take settlement?
Is there a way about going where the IRS will take a settlement 2 of the 3 years she did not even know she was supposed to file what possible avenues does she have she has already sent in her last 3 years state and federal to the IRS and her accoutant said that she needs to contact them to see if they can work something out is there a certain way to pay less any help would be appreciated thanks
Additional Details
she is unemployed doesthat makea difference
                     
 




notaperviemusculargent
From the IRS:
Application Available for Reduced Installment Agreement User Fee
WASHINGTON — The application for requesting a reduced fee for entering into an installment agreement for the payment of federal taxes owed is available, the Internal Revenue Service announced today. Form 13844, Application for Reduced User Fee for Installment Agreements, is used to request the reduction. The IRS is working to automate the application process to calculate the appropriate user fees up front, eventually phasing out Form 13844.
Effective January 1, 2007, user fees rose to $105 for non-direct debit agreements, $52 for direct debit agreements and $45 for reinstatements. Individuals entering into an installment agreement with income at or below certain established levels, based on the Department of Health and Human Services poverty guidelines, can apply to pay a reduced user fee of $43 for new agreements. This also includes agreements where payments are deducted directly from a bank account. Form 13844 contains steps an individual can use to determine if they qualify for a reduced fee. Qualified applicants should submit the form to the IRS within 30 days from the date of their installment agreement acceptance letter.
Form 13844 does not prevent an applicant’s current year refunds, if any, from being applied to prior taxes being paid in installments or to prior taxes the IRS has deemed currently not collectible. To be eligible for an installment agreement, a taxpayer must first file all tax returns they are required to file and be current with estimated tax payments, if applicable.
The reduced user fee for individuals with incomes at or below the established levels does not apply to corporations or partnerships. And there are no user fees for continuous wage levies initiated by IRS collection personnel. Form 13844 should not be filed for these situations. Form 13844 is available in the Forms and Publications section of the IRS Web site at IRS.gov or may be ordered by calling toll-free 1-800-TAX-FORM (1-800-829-3676).
Contact IRS at 1-800-829-0922
IR-2006-196, IRS Announces Installment Agreement User Fee Increases for Some Taxpayers
IR-2006-159, IRS Announces Online Payment Agreement Application
Payment Plans, Installment Agreements

You really need to contact an enrolled agent. She/he can negotiate a plan for you if you show sincerity toward the IRS that you want to pay this debt. Enrolled agents are professional tax practitioners who have technical expertise in the field of taxation, and are licensed to represent taxpayers before the Internal Revenue Service at all administrative levels. Moreover, enrolled agents are the only tax practitioners required by Federal law to maintain their expertise through continuing professional education.


robert w
Thanks for giggles.
she wants mercy from KGB (IRS)?
doubt it . she needs to find 2 more jobs.
for IRS to take a settlement she needs to be homeless and even then she needs cash up front.

she needs quaility legal rep to help her through this mess.


Judy1
They aren't likely to let her pay less than she owes - the only way they accept offers in compromise is when it's pretty obvious that you 'll never be able to pay what you owe, or if there is reasonable doubt whether you owe it - doesn't sound like either one applies to her at this point. What they will do though is set up a payment plan - but she'll have to pay interest.


Nicole
Rating
I doubt seriously they would settle, but a payment plan is always an option.


John Cleveland
She will almost certainly have to pay the tax. What may be negotiable is the interest and penalties. The IRS does do "offers in compromise". In these cases they may accept an amount less than the tax, but if she is young and working and has the earning potential to pay back the money, then I would doubt they would knock it down. Good luck. She'll need a CPA or enrolled agent to help her with the negotiations.


Rivergirl100
I agree with her accountant. She needs to speak with the IRS about this.

If she is lucky, she can avoid some major fees and penalties. But she needs to take the initiative. She needs to call them before they call her.

My friend neglected to pay taxes for a few years in his youth. He said that, as long as you call them FIRST, they can be quite reasonable.

I can't imagine that they will let her pay LESS than she owes. But the IRS has the power to garnish her wages, sieze her assets, even send her to prison. Being "reasonable" means that they will let her pay what she owes without getting mean about it.

Good luck.


wartz
$14K plus penalties and interest will probably settle out at about $20K. If she can pay that over five years--figure about $450 per month--IRS will give her an installment payment agreement without much fuss.

She can also make what is known as an Offer in Compromise or she can try to get penalties abated by showing that she exercised ordinary business care and prudence. Without a lot more information, it is impossible to state that

An Offer in Compromise is a settlement with IRS where you pay less than 100 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 a lump sum of 80% of the $10,000 minus the $5,000 owed = $3,000 PLUS 48 times $100 = $4,800 for a total of $7,800 on whatever you actually owed.

I am an enrolled agent, licensed by the US Treasury Department who specializes in taxpayers who have large unpaid tax bills and prepare these for clients. You do not have to have a representative but the process can be pretty intimidating if you haven't had any experience. That decision is up to you.

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. The average nationwide for accepted offers is about 17 cents on the dollar. Your own affairs are likely to be more complicated. Her ase might also dictate an entirely different approach including getting the whole account put on ice for a few years or filing for bankruptcy.

If you want to hire a professional representative--enrolled agent, CPA or attorney--stay away from the ones that advertise on cable TV. Their fees can be heart stopping. Mine are a good deal less than half of what the "As Seen on TV" firms charge. If you want additional information outside this forum, you can email me through my profile.


awftx
Rating
Pay up...that's the only way they'll want to settle..... There is a once in a life time settlement you can seek but, once you use it..... it's gone and should something happen later in life, you won't be able to have anything to help you out.......


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