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 Do I fill out income tax or not?
I wanted to start a self-employed, small eBay business. In order to buy items from wholesalers I needed a sales tax ID number. So I got my IBT number (Illinois Business Tax number). Consequently, I ...


 Does anybody knows why we pay taxes?
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 Stimulus check, stimulus check, everybodys talking about them, who has actually recieved their stimulus money?

Additional Details
I havent heard of a single person thats recieved their economic stimulus money. Whats really going on?...


 I filed my taxes in february and now i owe the irs money...thats impossible i am a high school student?
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 My first name is spelled wrong on my tax refund check; will I still be able to get it cashed?
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 If I am scheduled for DD May 9th,?
will I be getting it tomorrow? have seen alot of people that was suppose to get DD already but they haven't gotten theirs yet,so i am just wondering if I will be in the same boat.
A...


 Do i need to pay taxes on my cash in hand make up artist job?
im a make up artist and when customers want me i go round to their house and do their make up for a cash in hand sum. i used to do this just once a week but now its more occasional. and im using this ...


 Do you think this daft new garden tax will really happen?
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 Can someone cash a check from their federal income-tax dating 3-25-05?? or is it too late.?
can someone cash a check from their federal income-tax dating 3-25-05?? or is it too late....


 Why didn't i recieve my stimulus refund?
I efiled my taxes through turbo tax, and had direct deposit back in february. As far as there qualifications i meet them all, and the last 2 of our ssn's are within the 00-20 category? Is there ...


 I want to give my 2 children $45,000 each for Christmas presents. Will I have to pay tax on that?
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 What is a 1040EZ Form?
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 If you found a box with £5m in jewels where would you hide it?
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 When do I pay this income tax? ?
I worked as an independent contractor in NYC and made roughly $1500. ( Business related expenses totaled more than $1500. ) I quit the job and will relocate out of state for a full-time, salaried ...


 My daughter was born in January 2007, why am I only recieving $1,000 credit on my federal taxes?
She was born in January 2007. I am doing TurboTax, but they ask for $40 to talk to someone live and it is closed down due to high volume, so I wouldn't be able to ask anyway.

It says ...


 Are the profits from selling gold and silver coins taxable?
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 I am under garnishment from the IRS. I am current with my payments am I eligible for the upcoming refunds?
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 Do people in the uk get paid for bank holidays if they are employed by a company?
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 Im geting job seekers allowance in the uk is there any other monies i can claim ?
im skint ...


 Why do non tax paying immigrants get preferences?
you go to a hospital and all the foreigners and immigrants get seen first
they get everything free before us WHY?????...



gioscifi
What are the odds that the irs will accept an offer and compromise?
NOT BEING REPRESENTED BY AN TAX SPIECIALIST.
                     
 




PepsiLime
Rating
Depends on how much you owe, what assets you have, what future earning potential you have, and how much you are offering.


bostonianinmo
Rating
Less than 20% statistically. Getting professional help might help a bit but keep in mind that anyone you hire to assist you gets paid whether or not the IRS approves the OIC.


Mathew
It depends on how well you can document that you "can't" pay. It makes no difference on how much it will hurt to pay. The circumstances will have a great deal to do with the outcome. Don't go in telling them that you just can't live with out your 5 lattes a day or you new car. If you were run over by a train while collection recycle-able cans because you lost your job and have no assets, plus you are not expected to recover for five years, you will have a really good chance


Me
DO NOT LIE TO THEM!!!!

If you can't afford to pay all your taxes, then hiring a tax professional won't help you at all.


ForensicAccountant
It really depends on what you owe and what you offered. The only way that the IRS will accept is if they feel that the amount you offered is the only chance of resolving the debt. In other words - what is your ability to pay more.


Tim
I would say better than most people think.

They are really looking to 1) get in and get out as fast as they can (they don't have a lot of staff)
and 2) Make sure you don't do this horrid thing (whatever it is) ever, ever again.


rebeturner37
Rating
They will accept an offer, but they will also get as much as they can and as much interest as they can, and if you make a deal, be sure to get everything in writing so they cannot come back and change the story.


beachbum
most likely they will come back with an counter offer, they have no soul,,they don't care if you have enough money at the end of the week to eat or live.


Chris
Rating
I am confident if it was a true error that they are more likely to accept an offer. If they busted you for fraud then it's unlikely that they will take the offer. It most likely depends on the curcumstances of how the debt was accrued.


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