I Owe $12,000 To The IRS

We’ve done the legwork so you don’t have to. Here are the tax services we trust: bit.ly/3KUVoXu
Visit the Dave Ramsey store today for resources to help you take control of your money! goo.gl/gEv6Tj
Did you miss the latest Ramsey Show episode? Don’t worry-we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: kzbin.info...
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
kzbin.info...
• The Ramsey Show (Full Episodes): kzbin.info...
• The Dr. John Delony Show: kzbin.info?...
• The Rachel Cruze Show: kzbin.info...
• The Ken Coleman Show: kzbin.info...
• EntreLeadership: kzbin.info...

[@takingover7805]

When living beyond your means goes wrong. How you making 7k a month but only have 2500 saved? Ridiculous!

[@adrian3747_]

Forreal!!!!!!!!!!!

[@warwagon]

Oh for the love of Broccoli, get a Tax accountant.

[@sistahfwend5791]

Adam Bottjen Uhhh....ya think?😂

[@markkavanagh7377]

Broccoli tastes like taxes.

[@suzycreamcheesez4371]

its great with salt pepper butter and melted cheese! @@markkavanagh7377

[@mitzisnails9209]

I have an accountant they set up estimated payments, but they do not explain that much!

[@hollyb6885]

This is just common sense. How do you NOT realize that you’ll need money to pay taxes?!

[@DrogoBaggins987]

I got a feeling that this lady is never going to be on the millionaire segment.

[@lifelovejourney]

You’ve inspired me to turn my life, especially my finances, over to the Lord. Thank you Dave.

[@44godson]

Awesome information.

[@jimroscovius]

Why doesn't HE call in??

[@Armouredb]

They should establish a payment plan.

[@stankakol5195]

"About 70 grand" means they make $30,000 at most.

[@ImOldandSoAreMyBooks]

Pay off the IRS as quickly as you can. You do not want to make the IRS wait for their money, they will come get you.

[@SSpees]

Still working to contact the IRS on why they still have not deducted my payments according to the online agreement from my bank. I have to manually pay them cause they failed to get it from my bank. They have more automated information on the phone and little to none real people to address your questions. They do not care.

[@renewedinchristromans12]

I wish the irs would be abolished anyway

[@renewedinchristromans12]

+Brian Best because the government collecting income tax is unconstitutional. It's infringing upon our right to property. Your income is your property and you don't owe the government anything. The government is supposed to collect taxes through excise or sales tax solely. That's why so many people like this caller subconsciously and consciously avoid paying income tax because the irs is corrupt. So much more I could get into I'll be typing forever.

[@renewedinchristromans12]

+Brian Best the government would pay for all of those things through excise taxes. The government currently pays for all of those things via income tax and look at the national deficit, welfare is being abused, I'd be surprised if social security is around when I'm old so money is being taken out of my check I'll never see again, and I can save my own money towards retirement I don't need the government doing it for me. This is exactly why the forefathers placed it in the constitution for the government to not take out taxes via income because they knew it would be abused by the government. Not to mention the roads where I live are extremely raggedy and the state is collecting all this money from us it doesn't make sense.

[@candyluna2929]

cruz wants to

[@candyluna2929]

I agree with you. I dont mind paying taxes is abused and we are paying too much taxes . a flat tax would be great. 10%.

[@stevef68]

+Brian Best The only thing you listed that is actually a government obligation is the military, the rest of the things you listed should be done away with.

[@Tocabocakids2024]

She’s very teachable, I love it!

[@swisstrader]

An envelope??!!

[@curadebtfinancialsolutions5691]

Great interview and great show.

[@captainh3831]

I hope the husband is not as clueless as she seems to be.

[@ttdenadaabba2149]

A voluntary compliance? so why can't this lady volunteer not to pay?

[@rose_6400]

TT DE NADA ABBA- she could do that but will end up like Wesley Snipes.

[@WhatTheHe11isTHAT]

I wish people got to the point a bit faster instead of just rambling on

[@roxannegordon6162]

I noticed that happens ALL THE TIME....people gasps and moan they keep talking on and on....duh!! Go ahead, Dave, smack her up side the head.

[@csApollo11]

You're talking about a person who got repeatedly slapped with lump sum income tax bill for multiple years and didn't think of self-withholding portions of their income. This is not the smartest bunch around...

[@barneyrubo11]

They're embarrassed

[@JasonfromMinnesota]

70,000 that is a tough spot

[@theGrayArea2]

Can someone help me understand... Callers tell their story. Dave gives advice. Callers say, I’m on baby step 2... Dave speaks some more, then ask...do you have any money saved... So from my understanding if you are on baby step 2, technically you should have dumped all savings except $1000 into debt, so clearly caller isn’t following the plan, or Dave doesn’t realize he’s asking a question that should have been answered. I’ve heard this happen a lot

[@justynmacfarland9322]

Easy to displace the blame on IRS (I'm not a fan as a business owner), but let's face the fact: caller and her husband aren't the sharpest tools in the shed!

[@notmebutyou8350]

I really wish he would let people finish talking when they first call in before he interrupts them. Geez.

[@geomodelrailroader]

someone forgot to listen to Credit Sharks in Suits. Dave perfectly explained on how to deal with the IRS.

[@candyluna2929]

whats so hard to understand...?

[@zimmermanlandscape9287]

Oh, come on Dave, say it!! I know you want to. 3:04. Don't stumble over your words, just tell her that it needs to be in by April 15th. The. End. Any real small business owner bringing home 70 knows that you can pull 12-16 out of a hat in the eleventh hour. Don't be a baby. You got yourself in to this. Now cough up the money, mail it in by the 15th, and don't let it happen again.

[@DMaster81]

Dave's. Advice was right. It's not absolutely due April 15th. Just you get penalty and interst on any money still not paid off.

[@zimmermanlandscape9287]

+DMaster81 Ya, I know. But if you make it painful enough for yourself, that can tend to make it easier to avoid during the next go round..

[@Armouredb]

U can set up a payment plan.

[@Bina6019]

And they have a business?

[@georgemendez5245]

According to the law of the United states since amazon payed 0 in taxes they also can pay 0 as well

[@ginalehman2730]

can the IRS take money out of my IRA account if I owe taxes?

[@calisurfin]

Always pay taxes quarterly if you are self-employed people. It’s less of a hassle than estimating and having to gather all your expenses and savings at the end of the year.

[@deslocc124]

Well, the IRS is a 'third party' collection agency, they work for the Federal Reserve and they are not 'government ' in the slightest. The thing is the 'money' we 'earn' is simply a means of barter because if you look at the 'FRN's or 'Notes' what you got was debt, or a promise to 'pay later' its the similar with your bank, you simply get 'credits' not 'real' wealth.. (ie. gold/silver) So, if you can ask them 'what money did you receive' that might help with anything you 'might owe' since I don't think a person should 'gift' a portion of what they earn to anyone other than themselves.

[@Andreas4696]

The IRS is under the Dept. of Treasury and has nothing to do with the Federal Reserve.

[@luismedina6886]

Keep cash

[@dennishipsley8703]

Notice how you "owe" the IRS and NOT the United States Federal government?

[@mitzisnails9209]

I’m a business owner, and my same problems. We’re stupid!!! Hope my husband understands this!!

[@Dottie19591]

My husband is retired we only make 2,300 a month but because he received 45,000 on his 401 k and the Obama care I received they say I owe 12,000. We used the 401 k to put a new roof on the house and buying a car putting a fence around yard is there any help I can get

[@KKC-qq4sh]

Wow! Is she for real or just really naive?! And they make pretty good money... wow...

[@jamesfreeman9703]

I'm in the same boat with 17 grand owed. Any body reading this can help with this question? Should I take a loan from my credit union to get caught up and then attack ot like crazy or just attack it like crazy to the irs?

[@Taikun787]

+james freeman I'm no expert, but I'm pretty sure Ramsey wouldn't recommend taking a loan-ever.

[@trinawize461]

+james freeman You can call the IRS @ 1-800-829-1040 and try to pay via an installment agreement, which could allow you to make monthly payments for up to 72 months. Keep in mind that penalties and interest will continue to accrue until it's paid in full. Your best bet might be to live like a pauper and attack this one with a vengeance. Best of luck! www.irs.gov/Individuals/Payment-Plans-Installment-Agreements

[@jamesfreeman9703]

+Kay Wize Thank you for the advice. I appreciate it !

[@stevef68]

+Taikun787 Actually, I have heard him recommend taking out a personal loan to pay off IRS debt.

[@Taikun787]

stevef68 Link? Thanks in advance.

[@jendro1212]

The irs is a joke show me the law saying I have to pay it. I will wait

[@roxannegordon6162]

jeandro: there's a group here in NH who have not paid the IRS for many years. Every once in a while they make the news, then they fade away. I have no ideawhat happens to these people. They are probably in jail. My friend worked for the IRS. She had a link on the home page at work that was for people who were delinquent. When they said they weren't going to pay, she hit that link and hung up. The person was bumped up to the big Brass. Let them handle it.

[@travismayes23]

we are a very small business owner and she forgot to pay her taxes and it's only 1300 we don't have it right now we've never been in trouble with the IRS in our life will they waive it so we do not have it at all how do you get blood from a turnip we just don't have it what should we do please help thank you

[@gargoyles9999]

Cruise talk you make a payment plan with them and come up with the money it's only 1300. If both of you are going at a small business and can't produce that amount then you need another hustle cause that one has failed

[@captainh3831]

WHAATT??

[@tiger05rtc]

Tell him not to file. He doesn’t owe them anything

[@NeoAndersonReloaded]

You dont have to pay taxes. Learn your rights.

[@TheRosswise]

I recall Wesley Snipes saying something similar.

[@bradjenkins123456789]

Trump doesnt pay taxes, neither should anyone else

[@TheRosswise]

Do you have undisputed proof that he doesn't pay taxes?

[@bradjenkins123456789]

He said it himself...."I pay as little as possible" so of course he pays but how much? BTW, I'm a Trump supporter who voted for him. Im just being real

[@PeskyWabbit.]

brad lee ? What do you mean??? Do you just spew CNN bs?

[@stankakol5195]

No one follows Ramsey's advice. He might as well be talking to cows watching a passing train.

[@zimmermanlandscape9287]

4:43 You can get it to zero. It's not going to be pretty but it doesn't have to be

[@iguanadrop]

I am a contractor with the IRS, not a civilian employee. There are amazing people there first of all, let’s lock that in. I even found myself owing 14k a few years ago, but I knew what to do. Pay what I owed. Took an agreement and a few years, but that is what it takes. Everyone desires great roads, free healthcare, yes, all the free magical stuff but we do not wanna pay for it. If you wanna impact the irs and this country, educate yourself on our government and impact it through votes, through civil services. Volunteer in your communities, change the world one heart at a time. The issue is NOT the IRS, it’s our hearts... feel free to bash...

[@LectronCircuits]

Per chance offer in compromise and/or bankruptcy is in order. Cheers!

[@rajivsingh1999]

Could she do an OIC settlement?

[@ThePeterDislikeShow]

Not for this amount, but I would try to negotiate the penalties.

[@FlyWon]

Theres this thing called Offer in Compromise with the irs...you can apply yourself for free.

[@ImOldandSoAreMyBooks]

Erica Scott $12k debt is not something they are going to negotiate on when this family makes $70k.

[@ImOldandSoAreMyBooks]

Gravivector IRS does not care about expenses. They need to make like $25k and owe $300k.

[@ImOldandSoAreMyBooks]

New York to UK Yeah it’s business debt. They make a decent amount. Just because it exists, does not mean it would be approved. Chill.

[@vramosblackcat]

This guy sucks!! He’s just telling you to pay. We know we need to pay. Hello

[@TWDxKILL3R]

Give them that $12,000 you earned so the government can turn around and give it to illegals on welfare, people on bogus disability claims, etc. ....: it's gotta be added to that $11,000,000,000,000 in debt they are!!!!

[@ProfessorFickle]

TWDxKILL3R Trump tower built by Illegals....

[@TWDxKILL3R]

FLYBOY805 ...do research before spouting off.... you think that multi billion dollar tower in New York with gold in the ceiling was built by Juan and Jose? Your an idiot

[@ProfessorFickle]

TWDxKILL3R Do your research, Snowflake, Illegal Polish Immigrants worked to make Trump Tower, Loved how you used Hispanic names as a reflex. Illegal Europeans! You are a low IQ Idiot

[@ProfessorFickle]

TWDxKILL3R Did I trigger a TrumpTard Rant? Do you need a safespace? I can provide you with links and Public Records of this event. But you Drink to much Koolaid.

[@ProfessorFickle]

TWDxKILL3R Did I trigger a TrumpTard Rant? Do you need a safespace? I can provide you with links and Public Records of this event. But you Drink to much Koolaid.