How to Get IRS Back Taxes Forgiveness 3 Different Ways [IRS Back Taxes Help]

[@TonyMac1]

Settle in compromise is a lot harder than what he is explaining . It’s a big scheme companies claim they can do for you but can’t

[@enricke80]

What is the way then??

[@ClaireBradley-lq4fu]

​@@enricke80You can reach out to *hack12jimmy_* I was able to move from distressing experience

[@doughawk1507]

IRS is not part of the government.It is not a registered agency.In the chapter thirty one it is a private collection agency for the private federal reserve

[@donnagunnell5455]

Income tax is 💯 % illegal. This is sick. On ss and can barely get by. They tax my ss to the tune of 3 grand a year. How am i suppose to save that much on ss. Tell me HOW

[@ClaireBradley-lq4fu]

Thanks to *hack12jimmy_* I was able to move from distressing experience

[@tayyibah48]

I had a CPA do my taxes for the first time in 2018 and he apparently forgot to check an box on the form according to an H&R block rep I saw in 2018 and I am now $17 thousand in debt to the IRS! I live alone and pay check to pay check! I appreciate your video and will be looking into the OIC and financial hardship options! Thank you so much!

[@ladylyonteeth3952]

When you liquidate a part of portfolio to pay the taxes (generated by “sells”), you generate more tax burden because you owe now on those “sells” until there is no more. Then they take your house anyway. Such a great system.

[@bella50008]

Thank you! On hold with IRS. Had no idea about financial hardship option.

[@Jeff_Fulton]

*hack12jimmy_* saved me from a living nightmare

[@Randysmith1]

*hack12jimmy_* was the turning point in stopping the prolonged

[@PrivacyPlease900]

??? ...free gift from the IRS??? I consider them to be illegal to begin with. Where does it say that people have to pay taxes, in the first place.

[@lorigirl65]

I don't disagree. The IRS STEALS money from the American people. However, the 16th Amendment to the Constitution grants Congress the authority to issue an income tax without having to determine it based on population. It reads: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." What a mess.

[@SirCavemaninthewest]

And this kids is why you don't take on the IRS. this mffer will be out of prison in 15 years.

[@leetos.4915]

Bible principle or commandment Matthew 22:21 this is the 1st place for someone obligated to pay taxes

[@bks252]

It’s says it in the Constitution. I can’t remember what amendment but I believe it was first passed in 1913 instituting in a Federal Income Tax. It’s bullshit but it’s there.

[@gilbertorodriguez1066]

Your gonna be in prison for your tax evasion

[@salvadorsalvador4735]

Personally all I can say is that I had enought of this country,came here legally when I was 12 now I'm 32 and every year is the same shit I have to pay or something else happens when filling my taxes, I cant wait into I go back to my country no more paying to sam, personally I'm very disapointed of this country👎

[@Jeff_Fulton]

*hack12jimmy_* is a true hero.

[@lamamjforlife]

✌🏾

[@myopiniongoodyouropinionbad]

And where do those taxes go? Military industrial complex, bloated "education" system, social programs for people who will *NEVER* contribute to society...and every year it gets worse.

[@salvadorsalvador4735]

@@myopiniongoodyouropinionbad yes I totally agree with you 👍

[@Troubleclef52]

I haven’t had to file since 2016. They’ve turned over my $10 offer on my 2011 tax debt ($now $10k) to an investigator in that dept. My SS is nowhere near their allowances. I can’t afford to live in the US anymore. Moved to Ecuador in 2016. 4 1/2 mos to tell me I’ll be contacted in 6 wks.

[@anadaker3939]

Most people that qualify for IOC are insolvent. In other words, they don't have any assets to pay off the liability. Also, if you receive an IRS notice, don't pay it right away. Give it to a tax professional for a thorough review. Approximately, 30% of IRS notices are inaccurate.

[@psalerno69]

Omg I'm praying there's hope for my boyfriends situation. He owes 90k and has been so stressed out with no hope of ever paying it back. This video is the first glimmer of hope we've had. He owns nothing and makes less than 40k a year. There's no way he can pay this back and I'm very concerned about his health and well being. Thanks for posting this..I will show it to him!

[@TaxLawGuy]

Yes! There absolutely is hope! Check out the video, and if you have any questions, feel free to give us a call at 330-331-7611.

[@psalerno69]

@@TaxLawGuy he will be calling you today!! Thank you🙏

[@jakesontiano]

Sounds like you need a new boyfriend

[@cat1400]

20 a month for life fakkk it

[@cat1400]

Abeyment

[@holyddogg7]

Offer in Compromise success rate-have equity in my home and yes have 401k through employer-married with child I have more debt than I make? As far as first time abatement:I believe I did file an extension 2020/2019 is that still considered filing on time-thanks for the information most well explained video on the subject

[@bad_vaporizer]

Ever notice how the federal government is more stringent on the people than on politicians?

[@handiable]

Period! I've noticed that too.

[@TheAstralNomad]

I must be missing something. How can I be current and compliant yet delinquent at the same time?!

[@TaxLawGuy]

You have to be current with your estimated tax (for future taxes owed) and compliant with your tax filing obligations (all of your returns filed). So you may have back taxes owed, but you have "stopped the bleed" so that you don't owe anymore going forward.

[@Mental_hygenics]

You know how devastating it feels to be homeless while working. Lose what you work for have life stolen and owe taxes that i cant pay. Its a depressing hole that almost renders my brain useless to solve the stress. Thank you so much for the information

[@annoravetz5188]

So in 2015, I had to cash my defined benefit pension, in order to pay half the equity I owed to my spouse’s bankruptcy receiver (Under our agreement I owed him .25 of the equity $47,000, when son turned 18) to be able to keep my house where both myself and both of my kids, who were college students at the time, lived. My former company happened to be having a cash out option at the time. I paid the rest with savings in an IRA. I need to amend this return to get my pension cash out excused from any taxes. Apparently the law was changed in 2019, but do I have any hope because this happened to me in 2015? My AGI that year was $105,000, but my earned income was only about $60,000.

[@Jeff_Fulton]

Thanks to *hack12jimmy_* I was able to move from distressing experience

[@adrianarodrigues7608]

I am so happy about all the well explained information. I scheduled an appoitment with you. Thank you so much

[@mahoganyshanae6116]

My husband has a deficiency 90 letter. We or low income he's working paycheck to paycheck only enough for his bills and i get SSI only enough for my bills not able to pay any money back we live in housing trying to get ahead. What can we do about the deficiency 90 day letter?

[@TaxLawGuy]

Give us a call!

[@ShanickBartell]

Wow! Thank you so much! Great information. What I heard the loudest...... DO SOMETHING!! NOW!! Thank you.

[@youtoo2233]

I've been on an installment plan, problem is I'm only able to pay about a Year's worth of back taxes in one year but I owe about 3 years back taxes, so every year I continue to owe about 3 years of back taxes, add all the interest and penalties sure isn't helping. One thing I do need to do is to have more taxes held out of my check an order to stop the bleeding.

[@TruthLove333]

Offer in Compromise, yes please. Thank you

[@villagevaliant]

Really good informative video I loved the Gems. Very appreciative of the value exhibited here !! If I were in to paying people to do a job for me I swear I’d call you up and recommend you everyone I know ! Least I could do is inform everyone reading PLEASE WATCH VIDEO ALL THE WAY THROUGH YOU WILL LEARN SOMETHING NEW THAT MAY BE CRUCIAL TO YOUR CASE ‼️❕❗️ please keep the same energy in your videos much love God Bless

[@jseahmed2432]

Very Depressing Listening to these IRS problem .

[@maggywinkler8240]

hide tax law guy and smile

[@scalpdotink8450]

Thank you SO much for this information. So happy to have come across this video.

[@ephgm]

So what do I do if I haven't filed taxes in 7 years because I owned a business, was too busy to sit down and do it, yet never made any money from it. Wanted to hand off the responsibility to an accountant, but never had the money to pay one. Couldn't pay anyone to assist with filing the taxes. Lost an apartment and almost lost a 2nd one due to not being able to pay on time. Couldn't even pay the sales tax that I had to collect. Lost my store because a new landlord bought the Plaza I was in and wanted to charge me $800 more a month for rent plus area maintenance plus some tax I never had to pay before, which I refused to sign a lease for all that because I couldn't afford it and I was kicked out and threatened with court. MA DoR says I owe 30k for sales tax,12k of which is fees and penalties.. I own nothing. I barely have money to survive right now. My anxiety is causing me to not want to get anything done. I need to call the MA DoR by the 30th (28th today), and I don't know what to do.

[@vivianfeltz]

The IRS says I owe back tax from 2019 from income at a place I never worked! Either identity theft or an irs glitch but they ignore all my faxed replies. I have statements from the company saying they don’t know me and never submitted a 1099 for me. I cannot get a human on the phone. How can they decide I owe it without checking the accuracy of their info?

[@TaxLawGuy]

I would recommend filing a Taxpayer Advocate Request - they will be able to cut through the red tape and help you with this issue.

[@JONGREEN1]

Same happened to me ... I didn't got 2019 return money and they sent me a letter stating I didn't fully filled tax return, then I find out someone used my identity on some other place ,now I owed over 2k and haven't received last year's nor this year's tax return... should I get a attorney cause they owe me over 40k from 2019,2020 and 2021

[@maximustiner3872]

I’m 21 and the IRS hit me with a $3,000 bill from when I was 19 and didn’t know what I was doing. I’m still in school and not sure what I’m supposed to do lol

[@Me-eb3wv]

Did u fix it yet

[@portermatthew84]

Address it quickly. I owed $500. When I was 17. Ended up paying them 5,700.00 by the time all was said and done. Their interest rates are life crushing.

[@Samthemancharles]

Thanks, this is valuable info as I am thinking of handling my tax issue myself possibly. You are very concise and encompassing, thanks for that.

[@TaxLawGuy]

You are so welcome!

[@frankreyes239]

Are you able to do California?

[@Jeff_Fulton]

Thanks to *hack12jimmy_* I was able to move from distressing experience

[@kelvinjefferson2253]

Thsnk You. Geeat information

[@leetos.4915]

Hello Sir Good day. I owe $36K back taxes to IRS and I live with my sister now and currently receiving only $500 respite care check monthly due to her autistic son (my nephew) since July last year and I do Uber gig on the side as part time income. Would something like from my situation qualify me as financial hardship option to IRS?

[@Ilovesharks444]

They cancelled the installment agreement i had becsuse i paid too early never bothered to send me a letter they cancelled it now put me into collections ARGUED with me and said i better pay 160 from now on plus a fee of 240 even though im under 51k a year. She yelled at me and said i have 30 days and i had a severe asthma attack on the phone she kept yelling and didnt care

[@JohnDoe-jr7zy]

You ever think about suing the IRS for unconstitutional practices?

[@craiglowther9485]

Wow! I was thinking the same thing.

[@foxtrotthree569]

Sounds great in theory but the problem is the government will keep coming after you using tax payer dollars to bankrupt people.

[@johnsonajayi7846]

Try that and see if you can win the government.

[@myopiniongoodyouropinionbad]

While you would be morally and legally correct...good Fn luck with that.

[@kurt23407]

Thanks! I’ve owed back taxes for 2017 and when I filed for 2018 2019 2020 they took all my returns lol

[@TaxLawGuy]

Unfortunately, the IRS will take refunds when there is a balance due . . . if you do an Offer in Compromise, this will stop the tax year after the Offer is accepted.

[@VioletRed77755]

@@TaxLawGuy They took over $1,000 dollars this year of mine and only left enough left to pay tax preparer. I'm sooo mad they didn't even try to work with me. That's not fair...It's paid in full now but why did they have to be Soo dirty when people need money exspecially in this day and time?

[@LoveGspot69]

Take all the money that we all pay for taxes. And give all the money back to the people that was taken from we the people who pay there taxes

[@Norse1957]

Really great info sir! You said for an installment agreement plan, you take the amount owed and divide by 72. I'm baffled why my former tax guy (who I've now stopped using) said for the 20k I owe (at that time) the best he could do working with IRS Tax Advocate, was $400 a month. Which seemed high to me... But he said it was correct. I now owe less than that, since the IRS has been dinging my paycheck about $800 per month. I really want to get the IRS off my back. My frustration right now is the IRS Tax Advocate my former tax guy was working with does not respond to my phone calls. I leave phone messages, and hear nothing in return. Should I call a different number than the IRS Tax Advocate we had been working with?

[@TaxLawGuy]

Have you tried just setting up an installment agreement online? Create a an IRS.gov account and create a payment plan.

[@kevinjohnson3521]

@@TaxLawGuy one tried to show up at my house one day. I told the gate not to let him in. They have gotten so embolden!

[@TaxLawGuy]

@@kevinjohnson3521 I agree! They are getting very bold!

[@mychan3734]

Awesome video, thank you for sharing 👍🏽👍🏽

[@hyosonwagner6691]

Very informative video!! Thank you.

[@pinaclemente8957]

Thanks you great advice as I need this know due to financial circumstances

[@TaxLawGuy]

Glad it was helpful!

[@chozen9]

Very helpful thanks

[@SuperKwame1]

Great feedback here Thanks.

[@psiga]

How difficult is it to renegotiate the installment agreement at the next tax cycle? In my case, it's not that I lack sufficient funds to pay -- and I am unconcerned about paying an 8% yearly interest rate, even if it formulates to 150% of taxes owed in the end -- I am more concerned with retaining use of the owed amount as investment principal for as long as feasible. Unless Uncle Sam really needs that 50% "penalty" sooner than the 72 months agreed upon, we should both be coming out ahead in this arrangement.

[@rustyshackleford978]

Is a tax attorney recommended for an oic or can one work directly with the IRS on the matter? Thanks in advance

[@TaxLawGuy]

It really depends. It is a complex process, but if you may be able to work directly with the IRS. Please keep in mind that their interest is not aligned with your interest. My recommendation is to always talk to an attorney first to get an understanding of how complex your case may be.

[@TrulyBlessed_1111]

Thank you for this informative video. I learned about OIC a few years ago. I was in the last option# 3 up until recently. Do you offer a free consultation to see if a person qualifies for OIC?

[@TaxLawGuy]

Yes I do! Call us at 330-331-7611.

[@johnmccallister1818]

They say taxes are one of those certainties in life. Well here's one that's even more serious -- Someday each one of us will stand before God. Romans 14:12 says "So then, each of us will give an account of himself to God." When your day comes, where will your eternal home be? Jesus said “I am the way and the truth and the life. No one comes to the Father except through me."-- John 14:6 * "If you confess that Jesus is Lord and believe that God raised Him from death, you will be saved." -- Romans 10:9 *Romans 10:13 “Whoever calls upon the name of the Lord shall be saved.”

[@dcogent1]

Even more IMPORTANT: Revelation 14:12 KJV - Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus. Devils KNOW 'Jesus' and Tremble.... The faithful KEEP THE COMMADMENTS!

[@andrewbeattieRAB]

EXCELLENT VIDEO

[@bryanhalcott8980]

thank you sir!

[@TaxLawGuy]

You bet!

[@el-hp1lj]

My father and my mother both passed away in 2019 and 2020 my father left behind some taxes that weren't paid and some income tax years that he never Filed he left behind no assets and the estate account was pretty bare at $2000 which it still remains today 3 years later the IRS just recently sent me a mail coming to me For his backtaxes not sure what to do or if I should get a lawyer

[@TaxLawGuy]

It's likely just his final return. A good CPA should be able to handle that.

[@shorts_luv7634]

I owe 16,000 but I course I do not qualify because i have assets.already paid 60,000 for last 3 properties I sold

[@dark12ain]

This my first year owing taxes and I'm so clueless to what this means. And I'm kinda scared like how do I owe the govt I been working

[@TaxLawGuy]

There are plenty of options available!

[@teddyflowers2798]

Give them a hand shakes show them the 9 section and then be on your way

[@leetos.4915]

If I don’t pay my back taxes I owe to the IRS, would they withhold my SS retirement benefits someday when I turn 62 for early retirement? I’m 43 right now. Appreciate you and your much educational helpful blog on this tax matters.

[@johnsonajayi7846]

No, but you need to pay otherwise, your wages will be garnished. Your car and house can be taken from you. Pay your taxes as we all do, they need the money to build schools and roads. The government gives money to all states and it is from taxes collected. Please pay, everyone does pay their debts.

[@ClaireBradley-lq4fu]

So much thanks and appreciation *hack12jimmy_*!! I really appreciate your kind gesture and straightforwardness in your services.

[@thefix2573]

@@johnsonajayi7846 Yo, please shush if you don't know, enough ignorance going around Roads are paid for by The Gas Tax and local registration fees Schools are paid for by local Property Taxes and the State Lottery, as well as Bond Measures. Sales tax goes to the state, that's every sale, from cows, to land, to cars, to planes and etc , etc. Income Tax goes to the Banksters that print the $ fiat Reserve Notes, It goes to "Ukraine" politician's pockets, the Rockefellers, Warburgs, Morgans, Chases, etc. Debt currency is a scam. Read the "Creature from Jekyll Island" by G. Edward Griffin.. The Federal Reserve was signed into existence By Woodrow Wilson Dec 23rd 1913 at 12:30 Midnight, along with "The Income Tax Act." So we get a Private Banking Cartel and Pay Interest now on our Labor, day before Christmas at midnight? The Plan was hatched in a Private meeting of Bankers 1910, November 20-30th, on Jekyll Island off the Coast of Georgia Just because you are ignorant and a slave don't tell others to pay into something there is NO LAW requiring a Man, (who isn't a Corporation). See they made us all Corporations with the creation of Birth Certificates in 1933. (The President at the time said, "Soon all Americans will be required to register their Biological Property"...is how the speech went. All CAPS STRAWMAN. They trade your value on the stock exchange, why do you think they keep track of you lifetime earnings? Why do you think they have the game rigged so you pay into SS all your life with your HOURLY SLAVE WAGE and can't retire until you're 70 (for me) so you'll only pull your measly payment for 5-10 years (That you have to pay Taxes on too as you struggle to live on pocket change. "They" don't pay taxes they don't "earn wages". They aren't stupid, we are. They avoid estate taxes, they avoid capital gains, they buy real estate or a business to launder the $$, they have offshore accounts. We pay for their lifestyle with our labor. We pay all the income tax, the workers pay it, the poor pay it, NOT the Owners. "Certificates" hold Value " Notes" are Debt/ Promises to pay. Look at a dollar bill, does it say Certificate? Wake up. I hope you learned something. Find the US Code or Law that says I have to pay tax on my labor and I'll give you $1,000.

[@thefix2573]

@@johnsonajayi7846 STATIST (look it up if you have to)

[@thefix2573]

@@johnsonajayi7846 I forgot, Read the 1984 "Grace Commission Report", demanded by Ronald Reagan asking to account for every cent the American people sent to the Government for Income Tax. Read the last paragraph, something like, " Not one Nickel of Income Tax Revenue was spent to run the Government or provide any services what so ever. All funds from the Income Tax Collection went to Service the DEBT, the Interest on the National Debt." sooooo, to the Federal Reserve, W.E.F., and World Bank, etc So we owe Interest on the Debt we created when we spent the Notes that the Fed created. If they Print a dollar and charge us Interest to do so, where does the $ to pay the Interest come from? Oh, they Print it to, and then we owe Interest on that too. Great Scam.

[@thedaywalkervlog9860]

Where do you find information about financial standards for say a family of two with one income? Thank you for the video

[@JoshuaMSells]

www.irs.gov/businesses/small-businesses-self-employed/collection-financial-standards

[@MadamT_]

Thanku!

[@sperosversis3678]

If someone hasn't filed or paid for years; should they reach out to the irs, or wait for irs to contact them?

[@TaxLawGuy]

I don't recommend reaching out to the IRS, but what I do recommend is pulling your transcripts to see what your balance is and then getting the last 6 years filed. Administratively, the IRS only requires the last 6 years of tax returns.

[@sperosversis3678]

@@TaxLawGuy THANK YOU!

[@ilenephillik8982]

They saying they are offering me to pay 6,000. For year 2019 taxes.

[@mandywilliams5269]

What happen if you were incarcerated and not able to file and want to fix the issue

[@ransomemckissick8184]

Excellent video! I submitted my OIC, and received the IRS notice that they received it. The problem is that the IRS is asking me for $10k in estimated taxes for FY 2022 by mid-January [ I am self-employed]. They are basing this on my FY 2021 income, and FY 2022 income will be lower. How can I negotiate that downward, due to the lower income?

[@TaxLawGuy]

Typically, no. Estimated tax is based on the prior year and that is non-negotiable with the IRS. In this kind of case, we would recommend getting your 22 return filed in February and resubmitting the Offer with the new estimated tax requirement.

[@ransomemckissick8184]

@@TaxLawGuy ok, thanks!

[@ilenephillik8982]

May you help me to understand if this papers I’ve received is ligit from the IRS?

[@RippedRobby]

I might need help, how can we talk?

[@deborahshold955]

I have liens against me because of my ex. (He owned a business and never paid his estimated taxes). The state absolved me of a all responsibility, the the IRS will not acknowledge the state order. I have no idea what to do. I really want to buy a house, but the lien is stopping me. I did try to file for Innocent Spouse, but they denied that too, even though my ex was abusive. Can you please help me?

[@TaxLawGuy]

Deborah - we would be more than happy to help . . . give us a call today at 330-331-7611 or schedule a call at sellstax.com/call and we'll be able to take a look at your case for you.

[@mrsuccess336]

How can you be reached

[@Latvian13]

Very useful information! Thank you!

[@TaxLawGuy]

Thank you! Glad it was useful!

[@markgarduno4597]

I lost everything due to illness (Leukemia), and haven't worked for two years and was already behind before I got sick. So what do I do?

[@TaxLawGuy]

You may qualify for an IRS Offer in Compromise or a financial hardship. Give us a call at 330-331-7611 for a free case analysis.

[@kimkennedy7977]

This was extremely helpful!!!! Thank you so much. I did not know the IRS would do any of this and was going to pay a tax relief company $2k to help me. Thank God for you! I have fresh hope. I have a question, I lost 2 sons within 3 years. Will the State be as forgiving as the IRS?

[@TaxLawGuy]

Sorry for your loss! The states tend to be much more challenging to work with than the IRS.

[@allywilkeforsenate]

We should all move to a state with no income tax.

[@TonyMac1]

Move to a no income tax state and you will pay those taxes indirectly to something in that state such as higher property taxes or higher car insurance and other things

[@treeamigo8447]

​@TonyMac1 that's better than a big bill due at the end of the year

[@kathleensmith8859]

How does that affect the credit report?

[@Fyi51]

A lot, if they start garnish your pay check and leave ya with 100 a week you will not even put gas on your vehicle. Settle payment or if your debt is more than 10k ask for fresh start, I just did today but can't say it works until I am out of it. I hope I wasn't scam I wouldn't be able to take that I still have my debt and on top 4000 in legal fees. Pray for me.

[@ClaireBradley-lq4fu]

Thanks to *hack12jimmy_* I was able to move from distressing experience

[@JosephGenaldi]

I owe almost 90k and need help. I pay money every month was on a payment plan but they stopped it. I Only make about 65k a year have been 1099 because of covid and cost of living just to get by. I don't know if I should stay that way save u and send in more money or let them start taking the taxes out but im worried they will drain my account or garnish wages and I wont have enough to provide for my family. Please any advice would help

[@TaxLawGuy]

Would you be available for a case analysis by phone? We can go over some numbers with you to see what your options would be. Our phone number is 330-331-7611.

[@royallegend11]

I filed exempt for the past 3 years was meaning to get off of it but as inflation rose I needed the money to support my family I recently switched it back to have my taxes withheld but I know I’m going to owe atleast 30k in back taxes can I get a IA or a OIC still? Or is it too late ?

[@andrewbailey9197]

Did you get an answer? I did the same thing last year and forgot to put it back

[@hutchrt0596]

Like others have commented on here, I was intimidated and procrastinating while looking for new career opportunities. I didn't handle filing and paying correctly. I have had bank accts garnished, my paychecks garnished in past My wife is being garnished even today by the State. But now I am also being even more aggressively pursued by the State of Alabama. I believe I have been told they don't do settlements. Any advice on how to handle the State of Alabama? I'm unemployed and wife makes around $30k, with 2 kids in the home.

[@TaxLawGuy]

Do you have time for a call? 330-331-7611

[@3kittyfinds146]

I have pension and 401K but I cant get to it until I leave the company. When I leave my company which will be soon, will they not consider the Offer In Compromise when I cash it out since it will show on my bank account statements? What if I withdrawal the money before I submit a OIC? I want to take that money for a down payment on a house but i need to get my back taxes paid first. Thank you for your help.

[@TaxLawGuy]

That would be considered a dissipated asset for purposes of the OIC. However, if it is required for a down payment on a house, an argument could be made that it was a necessary expense for the health and welfare of the household. Albeit, it would add equity to the house, which is an asset (but it may be negligible due to the quick-sale valuation rule). Basically - depending on what you owe - representation would be a good idea!

[@gmameg7476]

Hi there, love this video. Very informative. My husband and my self owe back taxes and would like to file an offer in compromise. When I fill out the pre qualifier on the irs website one of the questions is. Have you made all required estimated tax payments? If I answer no. It says I don’t quality. What is this question? If I made all estimated tax payment I wouldn’t need the offer in compromise. Thanks for your help

[@TaxLawGuy]

Estimated tax is for future taxes - not back taxes.

[@gmameg7476]

@@TaxLawGuy thank you

[@winningfamily7527]

So we have a mobile dog Grooming buisness we never filed taxes for it last year we were in buisness for 6 months but we litterly bootstrapping the buisness and barely scrounged money to survive the year so we couldn't afford a tax person or anything.this year we are finally starting to get a little ahead and need to get more legitimate. Idk what to do we are a young family. Both 27 yrs old with 3 kids 7 5 and 2. So we struggle and are trying to crawl out of the hole that we possible created we desperately need help.

[@TaxLawGuy]

Feel free to give us a call - we do offer payment plans - 330-331-7611

[@ruthvasquez2640]

How do I get current with my filing? I live on WComp and I want to pay my back taxes for when I was working

[@TaxLawGuy]

Hi Ruth - our firm not only does tax law and resolution work, but we also do tax returns as well. Give us a call at 330-331-7611 or email [e-mail] for more information.

[@lisas8648]

I found out the first week of March 2020 that my husband and I owed back taxes.. that I didn't know about. We got a levy notice. Almost 3 years in abd and I still can't it resolved!! We were under 10,000 so no one will help and we make to much to get free help. Covid messed everything up but We are paying penalties and interest eveyday! I would have resolved this in 2020!

[@TaxLawGuy]

Give us a call at 330-331-7611!

[@shesSOuniQ]

Hello, great information! Can you please tell me how long you would have to have the ‘money owed’ to IRS before you can submit OIC? 2021 taxes came back and I owe 10k

[@TaxLawGuy]

Depends . . . usually it is 5 months after acceptance (bit it takes them 14-18 months to review) . . . .so, in reality, almost two years.

[@wakeywakey8603]

I heard the back taxes are satisfied when filed for the past 6 years. Is this is a soft rule?

[@bulletman124XXL]

I injured myself, I was driving semi, I owe back taxes I was making payments on and I didn't file for a couple years. I don't have money to pay for them to be done, is there anything I can do? Thank you very much

[@TonyMac1]

Yep it’s called “file the taxes” then go from there . He told you this in the video

[@mikeoconnor6410]

Your awesome 😎

[@TaxLawGuy]

Thanks!

[@gmameg7476]

Hi again. So happy I found your videos. We have a federal tax lien if we file a offer in compromise and it is Approved What happens with the lien. Does it go away ?

[@TaxLawGuy]

Yes, once the Offer is accepted and paid, the lien is released.

[@gmameg7476]

@@TaxLawGuy thank you

[@drewg17]

My girlfriend didnt mark "0" on w4 so she was considered exempt from federal tax most of the year before being fixed. Now she has been informed she owes around $2500. I know taxes usually have to be filed by 04/15 but do you know when they would start auto withdrawing from paychecks?

[@TaxLawGuy]

You will want to check with the employer on this - give them an updated W-4 to increase the withholdings.

[@melonumeros5313]

So if I work part time 19k a year and gig work 8k….but possibly owe 100k I could be considered uncollectable?

[@JoshuaMSells]

Sure does sound like it!

[@shygirl1321]

Can you do an offer and compromise if it’s for back gross receipts tax due from a failed business?

[@jrobinson9239]

Can you ask for Abate if you owe for making to much and have to pay back? I owe for last year and this year coming up. More then likely I’m owe them again after filling this year.

[@TaxLawGuy]

Generally, penalty abatements are not contingent on income - particularly the First Time Abatement. Your compliance and balance history are the most important factors.

[@jrobinson9239]

@@TaxLawGuy is there anything I can do about income tax? I’m probably going be owe more money after filling this year.

[@TaxLawGuy]

@@jrobinson9239 The IRS offers payment plans, and, if you have low income/assets, they offer an Offer in Compromise.

[@Tonemind]

Can you write of payments to back tax? Generate sells to pay tax?

[@joeverlinde8981]

How do you find the form to write readonable cause abatement? Or how to write up this letter?

[@maggywinkler8240]

please what is the form number of compromise setlement thanks

[@JoshuaMSells]

For the Doubt as to Collectability Offer for an individual, it is the 656 and the 433-A (OIC).

[@waterboy417]

I have an installment agreement to pay down about 11k worth of 2021 taxes, just filed 2022 and I owe about the same, is this gonna affect the first payment plan? Can I have two payment plans? Idk what to do

[@TaxLawGuy]

Yep - that is called a default. Your IA will go into default because you are not allowed to owe any more past April 15th.

[@dangerousmelody3]

What if I’m already in agreement installments but can’t keep up with the payment anymore can I still submit to the “ offer and compromise “ there after ?

[@TaxLawGuy]

You can stop the IA and submit the OIC. Do you want to have a case analysis to go over your options and whether you would qualify? Give us a call at 330-331-7611.

[@shorts_luv7634]

I am not sure if I qualify for any other program

[@TaxLawGuy]

You may qualify for financial hardship if assets are an issue.

[@SpikeFastRacing]

Are you able to handle Wisconsin state income tax ?

[@cobaltbroker]

Is social security considered income? I have health concerns and may need to retire before my installment agreement is finished.

[@portermatthew84]

Some people in the comments here seem to say it is. My grandmother, on ss, isn't required to file. It shouldn't be, and is completely criminal if it is, in my opinion, as ss is money held by the government for retirement, as we work. It already got taxed, when it was gross income. If it is considered taxable..again..what a nightmare. Imma Google countries that are on their own gold standard😂

[@shingj4007]

I owe back taxes for 2018, subsequently I have refund for 2019 and 2020 withheld by IRS. Does the 3-year statute of limitation apply? I mean will I not get my 2019 refund refunded to me because it will be 4 or 5 years old by the time the 2018 tax is straightened out? I think the IRS made a mistake in figuring out my tax due them. Thanks.

[@TaxLawGuy]

IRS tax debt has a 10-year statute of limitations. Refund have a 3-year statute of limitations, but it is from the date of your claim, not when they actually send the refund out.

[@shingj4007]

@@TaxLawGuy Then my 2019 refund will be forfeited in 2024 if my 2018 back taxes are not resolved and paid? Thanks.

[@TaxLawGuy]

@@shingj4007 If you owe tax, you don't get a refund. Give us a call to talk about the IRS Offer in Compromise at 330-331-7611.

[@SuperJmills21]

If you have to submit bank statements for the offer of compromise will the IRS look at rent if you stay under national standards? If that makes sense

[@TaxLawGuy]

If you stay under the standard, they generally do not question it.

[@SuperJmills21]

Thank you so much! This issue has kept me up all night worried. I have no clue how I will pay $100,000. This makes me feel better 😊

[@myd0gr3x]

FACTUALLY, what is taxable income?

[@Sadity25]

Is financial hardship considered if you lost your job?

[@agservicecall8500]

IVE WAITED 5 YEARS TO FILE.. HOPE I DON'T GET BONNED!

[@wonderful4life]

Can you do an offer in Compromise while on an installment agreement?

[@TaxLawGuy]

Yep! Absolutely! Although I recommend that you stop the IA after you submit the OIC . . . otherwise you are throwing money out the window.

[@TheGeorgenc40]

Why doesn't the irs automatically garnish wages?

[@et8865]

Do the installment payments go on your credit report?

[@dxhova]

Please forward your information. I would like to discuss POA of my tax situation if you are available.

[@TaxLawGuy]

Give us a call at 330-331-7611.

[@luxuryrealty]

@@TaxLawGuy my s-corp was audited for payroll taxes for years 2019,2020 and 2021 resulting in a situation where the salary paid to me as an officer/owner was lower than they said it should be. My s-corp was assessed 3 years of payroll taxes to be paid. Can my s-corp use an OIC or is that strictly for personal back tax?

[@TaxLawGuy]

@@luxuryrealty A S-Corp can do an OIC. The form, in addition to the 656, would be the 433-B (OIC). Keep in mind, in situations like this, we typically recommend a joint personal/business Offer in Compromise as compromised business payroll taxes (the trust fund portion) of the S Corp will become personal liabilities of the owner (Trust Fund Recovery Penalty).