This is some great information. Thank you guys. I’ve been in a situation with the IRS and they worked with me big time.
@SeniorLivingOrg3 жыл бұрын
Great to hear!
@546cowboy63 жыл бұрын
There is a solution if all of real America stand as one. Three things that are essential do not pay Federal Income Taxes this year or any year until the illegitimate administration is removed, do not obey any illegitimate laws passed by an illegal Congress because of election voter fraud, do not obey any Executive Orders issued by an illegitimate president.
@tessiebondoc91263 жыл бұрын
Business to
@gailkosturos72383 жыл бұрын
This is a terrific channel with information for seniors! Thank you! Keep up the good work! I became disabled after my husband passed away and I owed taxes that he didn’t pay and also I owed Student Loans! The government forgave both the tax debt and the student loans after I filled out a form for the IRS that they shared with the Department of Education! The only times I was contacted was by scammers trying to get money by threatening to access my bank account. I told them that I was forgiven those loans and reported them! Yeah! For the Good Guys!
@maddydrummond1453 жыл бұрын
Thank you for this information, since the stimulus is not yet in my acct i was worried as i do owe a small debt , thank you so much
@JoanMcCants-cs9tq Жыл бұрын
Taxes Should Be Over For Seniors ✔️⚖️
@jaybird75343 жыл бұрын
AARP is pretty much worthless.
@TheAlreadytaken24 Жыл бұрын
Absolutely..
@maragrace820 Жыл бұрын
Leftist AARP
@deeprollingriver52 Жыл бұрын
It’s a liberal flying monkey
@Nortongroove Жыл бұрын
Thank you for the heads up,,,another worthless subscription??? No way!!!
@janetlynch5804 Жыл бұрын
@deeprollingriver52 I dispute your calling AARP a Liberal Flying Monkey. AARP is worthless for average Americans, when their aim is more toward the wealthy, and just wealthier Seniors. AARP also promotes big business, including private for profit rip-off medical Insurances, and others, even with its short stories they are woefully incomplete by providing little (if any) helpful information. And AARP it is often misleading, and lies by omission about Healthcare, etc. And most of the members of AARP do not use, or rarely use the discounts they offer, especially when most people can get Senior Discounts upon request anyway. So what you said deeprollingriver52 btw, nice user name) about AARP being "Liberal" has to come from a mindset of confusion in terminology, and especially even more so, when the word 'Liberal' is linked to "Flying Monkeys" which came from the movie, "The Wizard of OZ". These monkeys were sent by the witch to do her dirty work). Today the phrase for a "Flying Monkey" has since become synonymous with people who end up doing the dirty work of a Narcissist." Smh In saying that, this video and others like it do provide GREAT information that especially applies to Seniors, which fills in the large gap of the lack of information (for a large swathe of Seniors who need to know this, and Seniors who can and will benefit from it). SO, Great Job! And Thank You, SeniorLiving.org
@4155abc Жыл бұрын
I really appreciate these videos! I am 100% debt free and my taxes are 100% paid up but it is still good to know this just in case anything ever happens. The only thing I wonder about these videos is how old do you have to be to be a senior for all of these different things? Some people say you are a senior at 62, some at 65.
@pegatheetoo1437 Жыл бұрын
I am currently on non-collectible status with the IRS. I just sent them a letter listing my income and my expenses. I didn't fill out a form, but in a few months, I received a letter telling me that they put me on Non-Collectible Status. However, they will continue to add the penalties if/when you pay. BUT, you can ask them to waive those penalty fees and they usually will!
@debbieramsey8933 Жыл бұрын
Great info! Thanks!
@Querencia7779 Жыл бұрын
How old are you? And HOW OLD is the ‘legal age’ that you can do that with the IRS? 62? 65? What?
@pegatheetoo1437 Жыл бұрын
@@Querencia7779 I don't believe my age had anything to do with it. I can't say they will always accept it, but if you TRULY cannot afford to make payments, this might work. I have done it previously and after a couple years, I was able to pay my debt off due to some money I received. So, I'm not doing it just to skip out of paying my way. You might try it & see if they will accept it.
@majormuscles12 ай бұрын
They'll be first in line when you die with all that debt and interest at probate.
@pegatheetoo14372 ай бұрын
@@majormuscles1 That was a yr ago. They've already come ...
@JonathanAmesPhD3 жыл бұрын
If a senior owns a house upon which the IRS has a lien, and there is a catastrophe -- the house burns down, say -- can the lien be taken from the insurance coverage?
@rondelby24823 жыл бұрын
Seniors who owe land taxes sometimes have to go hungry to pay their yearly taxes. In Wythe County Va people who are late on their land and home taxes are reported to the local papers and their names are put in there for all to see about their deliquent taxes...I have always believed that was an invasion of privacy. The county has got by with that for years...in Wythe county Va
@SeniorLivingOrg3 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.
@HELPSLawGroup3 жыл бұрын
Virginia like many other states has laws in place that help seniors and disabled persons who qualify waive property taxes or a certain amount of property taxes. Just search the internet for county and property tax waiver for seniors and disabled persons. Eric HELPS
@rondelby24823 жыл бұрын
@@SeniorLivingOrg I am aware of that but I do not think its fair to put people's names in the public papers for deliquent taxes. There are poor folks who own a house and are finding it hard to meet ends and get the taxes paid and its like punishing people.Also it invades privacy when they put names in the paper. Wythe county does it every year and the busy bodies and gossips wait for it every year so they can read the names. Its been going on for years and very cruel to the poor.
@SB-nr3xm3 жыл бұрын
Ty for the valuable info
@dianecelento4974 Жыл бұрын
Love this channel. Trying to help my mother with a few things. Thank you for this.
@SeniorLivingOrg Жыл бұрын
You're very welcome.
@lyndafuller94593 жыл бұрын
Thank you for this wealth of info! It calms my mind ! I am a Senior and do have old debt! Right now trying to save my home! Working with a company now for that! Question- should I contact Atty Olsen concerning the old debt while trying to save my home!
@White-ms9uo3 жыл бұрын
You guys are AMAZING. THERES ABIG SPECIAL CROWN IN HEAVEN FOR YOU FOR DOING THIS👍👍👏
@SeniorLivingOrg3 жыл бұрын
Thank you for your kind words. Please share the channel with your friends.
@maryhenri32543 жыл бұрын
The channel is a wonderful service you are providing. Thank you!
@edithahernandez70233 жыл бұрын
Excellent and enlightening information, I learned a lot ! Thank you !
@curiosity23143 жыл бұрын
Thank You Eric, I'm fortunate enough not to need the help at this time but the information that I might pass on is invaluable.
@garythompson10933 жыл бұрын
Would like to hear about LLC going Out of business during COVID now on Social security only source of income
@ralphnabozny84942 жыл бұрын
Thank you. I turn 67 this year and all my adult life I steadfastly saved for the property taxes. I always paid on time . Now no one will hire me when I turned 65 and I went on social security all because I did not find a job and my wife was sick. So i still saved and we paid . I was proud to. as the savings dwindle.
@SeniorLivingOrg2 жыл бұрын
We are glad to help. Please share the channel with your friends.
@HELPSLawGroup2 жыл бұрын
Many states have programs that discount property taxes for seniors. Also depending on your equity a reverse mortgage can provide to pay property taxes. Senior Living has a video on this you should look at. Eric HELPS
@w8what575 Жыл бұрын
Homestead act…apply for it through the county u live in and pay taxes too ….what is with this trend where seniors are proud to pay taxes!? It is not something to be proud of because it’s doing nothing but funding wars in countries that hate us and are getting funneled into politicians pockets …ur paying the mob for a home u paid for and kept up ur entire life and ur proud to pay the mob to keep them up and going to do again to the next generation? Really?
@primordialmeow72493 жыл бұрын
Both HELPS and your site EXCELLENT. Keep up your great work.
@SeniorLivingOrg3 жыл бұрын
Thank you! We appreciate your comment!
@Lyoness19773 жыл бұрын
Gentleman, you are awesome! I will share and hopefully help others as you have just helped me💫
@lvncsr61663 жыл бұрын
This information is such a huge blessing! Is there anything that can be done about student loans?
@SeniorLivingOrg3 жыл бұрын
Depends on your income. You may want to call HELPS Nonprofit Law Firm www.helpsishere.org/
@mvss46863 жыл бұрын
Thanks for the very helpful information.
@carlosaguirre37863 жыл бұрын
Thank you so much...I will be calling🤗
@vernonconway14693 жыл бұрын
People should be tax exempt,because the cost of living is so high today,and Social Security is not enough to live on and the Cola raise are a joke. Even with a 401k or IRA benefits are not enough to Iive on. Especailly live in San Francisco in which rent is even higher then the benefits. So if retirees total income is less then $85,000.00 yearly should be tax exempt status?
@sheilasmith11093 жыл бұрын
Please explain “Cola raise”. Thanks 🙏
@justinsane71283 жыл бұрын
@@sheilasmith1109 cost of living adjustment
@frankwhipple48133 жыл бұрын
Thank You for helping people!
@chuckmay46833 жыл бұрын
Thank you very much!!! Explain it very well,where even me can under- -stand. Explaining is very important to seniors n is some- -what illiterate in understanding legal trivia!!!! Thank You Charlie May
@tamiweber71183 жыл бұрын
He explained this to us in layman’s language 💯
@alvinmabrey20853 жыл бұрын
I just subscribed to Senior living. There is so much info that I had know idea of. Keep putting it out for us in the dark seniors.
@SeniorLivingOrg3 жыл бұрын
Thanks for subscribing, glad we are helping!
@Nortongroove Жыл бұрын
Yes, thank you, new sub😃!
@rog81782 жыл бұрын
GOD BLESS YOU GUYS, THE INFO WAS EXCELLENT. THANK YOU.
@sarahmanning69353 жыл бұрын
They are a blessing. I just signed up.they are so nice and helpful.i am so relieved to know my soc sec is protected
@SeniorLivingOrg3 жыл бұрын
Glad you like them!
@chantalsslippersondeedeesf48533 жыл бұрын
Sarah Manning, I've been with HELPS for over a year! They are their for us!
@carolyny.patton99483 жыл бұрын
Thank you for the information!
@marynorris7993 жыл бұрын
Thank you lots and forevermore Blessing both your lifestyle forever more thank you
@billyrayband3 жыл бұрын
For the vast majority of seniors, at least right now, tax rates are very favorable and you will pay none or very small amount (which is more than reasonable). If your only income is social security, it will be zero. If you want to live in this country, paying some tax is patriotic. Now I do think the tax on social security is bad and should be overturned. You should receive that tax free.
@jjbud31243 жыл бұрын
It is tax free when that is your only income and you earn below the taxable limit. SS will be taxed.
@tamiweber71183 жыл бұрын
You don’t have to pay tax on Social Security. You need to speak with someone about taxes and Social Security.
@billyrayband3 жыл бұрын
@@tamiweber7118 well, I said if your only income is social security, you pay no tax. So most seniors pay no tax. If you have other income, your social security may be taxed, which I oppose.
@w8what575 Жыл бұрын
We all pay taxes that pays in to our benefit such as roads and schools via the states sales tax program and luxury tax programs…u put gas in ur car right? Half the amount I pay per gallon is a luxury tax that pays for the highways and interstates….income taxes go to the national debt interest only
@w8what575 Жыл бұрын
@@tamiweber7118depends on the state and how much the ss amount is
@motherofangels1710 Жыл бұрын
A senior friend of mine in Oregon owns her property and little falling apart trailer she lives in on the property. She has no retirement. She saves up her social security all year in order to pay her property tax. She has to get food card in order to eat. She got her food benefits cut off because of the $ she had in bank she saves up to pay her taxes. Absolutely ridiculous. She gets letters from IRS all the time because she is barely able to keep up with back property tax before the new tax bill comes in. I wonder if this is just an Oregon thing.
@Nortongroove Жыл бұрын
That’s a sad state of existence, poor thing😢
@hopespringseternal2624 Жыл бұрын
I pulled almost all my money out of my bank. She can pull her money out, then put it back in at the time she pays her taxes. Just keep your money out of the bank until the taxes are due.
@w8what575 Жыл бұрын
Home stead act…see if she qualifies for the homestead act through the county she lives in…my parents finally qualified after paying property taxes on their home for 45 years…it’s been paid off for decades but they still had to pay taxes and insurance until someone told them about the grant through the homestead act that waived the amount
@patriciaspadea22663 жыл бұрын
I subscribed and also fell in love with this kind good man(attorney) God Bless you both💜☮️🇺🇸
@suzannemargeson1481 Жыл бұрын
This attorney, Eric Olsen is truly a very good man doing valuable work for elderly.
@josephhebery35073 жыл бұрын
Thank you guy's very helpful for me be bless...louisiana....
@glennacloud28953 жыл бұрын
Does this apply to property taxes? My husband, a 32 year veteran, passed 11 years ago. Shouldn't I get a discount?
@pamh.57053 жыл бұрын
Check your state laws. In Missouri, if you're over 65 & low income, you can get a refund of part of your property tax.
@berthahardie41533 жыл бұрын
Yes
@jjbud31243 жыл бұрын
Check with your county tax collector. Many have exemptions for seniors with low income.
@tamiweber71183 жыл бұрын
Google “lower property tax for seniors and put your county or city and state” also “Homestead tax break and put your county or city and state” play around with the wording and write the information with numbers down to use as a reference.
@jjbud31243 жыл бұрын
Also some have veteran exemptions.
@kathrynswift25243 жыл бұрын
Yes they do take your home, my cpa said they can garnish your income. I am trying for a hardship
@ericolsen21413 жыл бұрын
Before founding HELPS I probably filed 40,000 bankruptcies. I have been an attorney now for 42 years. The IRS as a practice does not take a person's home. They can file a lien but that is it. Perhaps in very peculiar cases with persons with very very high taxes and very valuable homes, they might take steps but if your CPA told you that he was incorrect. The right to do something and what happens in the real world is often completely different. The video talks about set off of SS, garnishment of income wasn't addressed.
@Ms.Byrd683 жыл бұрын
@@ericolsen2141 Yes, but are you saying THEY CAN'T or simply that THEY DON'T typically do it especially for those of us from lower income brackets?
@shericontrary25356 ай бұрын
I am self-employed. Last year I earned just enough to pay rent and utilities. I was on food stamps and other programs. I had no money to pay my self-employment taxes. I had some money in savings and that is what I used to pay my self-employment taxes.
@hectorvaldez5611Ай бұрын
A MILLION THANK YOUS! GOOD INFO!
@sandyhobo20533 жыл бұрын
What about property taxes?
@HELPSLawGroup3 жыл бұрын
Property taxes are governed by individual state laws.
@coachdonnaj3 жыл бұрын
Very good and valuable information. Thank You for your service.
@christinescherrer37113 жыл бұрын
My husband worked on the road for 17 years and new York is the only state we have to pay all the time. He is a resident of michigan. Is there anything we can do to not pay them. They are the only state that makes us pay
@ericolsen21413 жыл бұрын
State revenue departments cannot garnish Social Security and almost all pensions protected under ERISA Eric HELPS nonprofit law firm
@sherrwarren-clack4496Ай бұрын
@@ericolsen2141 My husband’s California teacher’s retirement was garnished by the California Franchise Tax Board by taking over $2500 straight out of our checking account a few years back. It was devastating! I told the whole story above.
@DoctorCarrieHall3 ай бұрын
Thank God for Help's Nonprofit Law Firm.
@bebebyrd85953 жыл бұрын
Ask specifically about PP loan- that is a rip off to so many! There is no way out - disability or death
@sandraelliott69823 жыл бұрын
thank you for helping out seniors like me !!!!
@barbaraperry2796 Жыл бұрын
Excellent info! Thank you.
@Querencia7779 Жыл бұрын
What is the age of senior status with the IRS???
@HELPSLawGroup Жыл бұрын
Currently not collectible status is base on income not age Eric HELPS
@XYz-yx5nq3 жыл бұрын
Sure appreciate this info,..I am 68 and will share this with friends. THANK GOD I have no debt.😁👍🙏🏼🙏🏼🙏🏼
@SeniorLivingOrg3 жыл бұрын
Please share the channel with your friends.
@Pastor19472 жыл бұрын
What about a Levy
@HELPSLawGroup Жыл бұрын
If 15% of your SS is being offset for past due IRS taxes, as the video explains lower-income seniors can stop the levy by qualifying for currently not collectible status Eric HELPS
@jimmytheexpat57192 жыл бұрын
can you make a video on how expat seniors living and working in other countries can get help to get home and if they are staying how to open a bank account living abroad. i have saved a little bit but don't know how to get it home... i don't want to carry cash and have it taken at the border or stolen... what are our options and the laws on returning with cash. I am an english teacher in china and want to come home in the next year or two but cannot get answers to these questions
@sharonmccaw19043 жыл бұрын
Great info however, volume is too low
@vernonconway14693 жыл бұрын
I wish the ARRP and their Lawyers should fight for seniors to get the taxation of Social Security and 401k and IRA benefits repealed in Congress and our new so called progressive Politicians in Washington and President Biden should support the repeal of taxation of retirement benefits if they have any moral compass st at all?? Plus fight for decent Cola raises on Social Security benefits of at least 5% yearly so we can afford to live and contribute to our economy? The AARP should become like the gun lobby for seniors in the areas that I have brought up?
@kaygrace52503 жыл бұрын
never gonna thappen
@Ms.Byrd683 жыл бұрын
@@kaygrace5250 They're too busy making money off us!
@suzihazlove49793 жыл бұрын
Agree, like why join them....
@grannylearns91563 жыл бұрын
@@Ms.Byrd68 Thanks for clarifying this.
@grannylearns91563 жыл бұрын
@Steven McKay See Ms Byrds clarifying response.
@guybusby55833 жыл бұрын
Thanks Sir important info
@mamiemoncrief96643 жыл бұрын
I am 70+ . I owed the stat less than $300. When I received notice. I tried to go on line and use their system to choose payment options. I also made a payment at that time. The next thing I new, the stat went into my bank account and took far more than I originally owed. The bank also changed me $75. , to process. I am a senior retired., taking money from my 401k to survive.
@HELPSLawGroup3 жыл бұрын
Social Security and pensions are protected from state tax collectors. Twice the amount of monthly federal benefits including SS deposited into a bank account are protected from garnishment by federal banking regulations,. If you had another account then it could be subject to garnishment but if the source of the funds were exempt SS or pension then you could file a claim of exemption, However states make that process difficult or hide it. Sometimes Credit Unions don't understand the law and allow a garnishment by a state contrary to federal law. Eric Olsen Executive Director HELPS
@caroldraper5017 Жыл бұрын
How about property taxes on a house you inherited years ago?
@larrylee50853 жыл бұрын
Hey, this is right on info.👍
@SeniorLivingOrg3 жыл бұрын
Hey, thanks!
@myway26533 жыл бұрын
Just subscribed. Seniors are important.
@ruthmayeda45103 жыл бұрын
How can I get help with my Escrow
@helenmurphy31433 жыл бұрын
any one knows about the over the counter id card for low income seniors in nys nyc
@thisbabyboomer3 жыл бұрын
How can you find out whether u need to file or not, for sure? Most accountants won’t tell you unless you bring your income tax in to file and charge you just to see. I draw SS plus a small pension from AT&T. The filing fee is expensive when I don’t think I even need to file, yet I don’t want to cheat.
@SeniorLivingOrg3 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787
@harveypost77993 жыл бұрын
I'm 71 and the noise is terrible I'm 98% deaf except for crippling noise in my head.2/9/21 at oh 12:45 am I went to my frequent pit stop bathroom I was walking out and felt myself start to pass out from noise I caught myself on sink .I didn't go down...but frightening think about injury..my toes r now distance friends..
@SeniorLivingOrg3 жыл бұрын
So sorry to hear that.
@Jim-El Жыл бұрын
Great questions! Great answers!
@SeniorLivingOrg Жыл бұрын
Thanks for watching! Hope you're a subscriber.
@Jim-El Жыл бұрын
@@SeniorLivingOrg Yes indeed!
@lindasmallwood94323 жыл бұрын
I heard after 10 years the irs cannot collect and it is written off? What happens if it is on my credit report
@HELPSLawGroup3 жыл бұрын
IRS debt is not reported on a credit report They also stopped reporting tax liens several years ago Eric HELPS Nonprofit Law Firm
@davidcarrizosa61183 жыл бұрын
Even with a pension and ss
@ericolsen21413 жыл бұрын
I believe the video discusses pensions and the IRS Eric HELPS
@timkahn28133 жыл бұрын
i had to pay on a loan because of the bush bust. they took a big part of my social security and thats when i found out i owed it. so i paid them.i got no notice. they just took it from my check.but i just paid them from the 1200 covid money.and as you went on it was the address thing.
@estefahomer90993 жыл бұрын
But if u don’t pay they kept on adding interest and the tax that is payable keeps on increasing plus they kept on sending to u a collection letter
@ericolsen21413 жыл бұрын
True but so what? Also there is a 10 year statute of limitations for IRS taxes
@amcinternetsolutionsllc85633 жыл бұрын
How about delinquent state taxes?
@HELPSLawGroup3 жыл бұрын
Federal law protects Social Security and almost all pensions from state tax collectors. I am sure this is discussed in this video. Eric HELPS
@GS-st9ns3 жыл бұрын
I know people who are in a position where they cannot file her own taxes because they don't know how, they can't afford to pay a tax preparer, and they can't afford the tax that they owe. Is there any help for them?
@HELPSLawGroup3 жыл бұрын
Excellent question, The IRS has a program for volunteers to help lower-income persons file taxes, You can easily find the link with the information. However, many seniors are not required to file tax returns. And if they file a return and owe taxes many can qualify for non-collecetible now status, Eric Olsen Executive Director HELPS
@w8what575 Жыл бұрын
There’s organizations in almost every town in this country that are nonprofit…such as community action partnerships which is what it’s called in my area…that will do tax preparations for free every year for seniors and low income families…call the chamber of commerce in ur area and ask them if they can help u find the organizations in the area that help seniors and disabled with things like this…if they can’t help then call the hhs dept….ask people around town if they know of any places like this …they’re out there and get funds they have to spend in order to stay open…
@kwgm85783 ай бұрын
I don't earn enough to pay taxes. My big cost is Healthcare, prescription drugs, and Supplemental insurance. Its all deductible (for now), and that's why taxes are 0. Medical care should be free.
@Mickey-jn8hz3 жыл бұрын
What about taxes on your home?
@HELPSLawGroup3 жыл бұрын
This video deals with income taxes. Property taxes are governed by state laws. Some states have programs to defer, lower or even waive property taxes for seniors with lower income
@whatsoutthere6822 Жыл бұрын
In Maine, the town foreclosed on my land. They have a lein on it now. How do I stop that?
@HELPSLawGroup Жыл бұрын
You can call HELPS with your question or consult with a local attorney Eric HELPS
@sharonhodgson85643 жыл бұрын
I you been and will be on disability due to incarceration or mental status, your past taxes stop but the interest on that builds at an extranomical level. Is that true. This is what I have been told for a family member ?
@HELPSLawGroup3 жыл бұрын
IRS taxes have a statute of limitations for the collection of ten years. No matter, if your income is low enough and you qualify for non-collectible now status with the IRS it wouldn't matter if owed a hundred dollars or a million. They won't attempt to collect. And state tax collectors cannot garnish Social Security or pensions. So for lower-income seniors interest accumulating on past-due taxes they can't pay anyway should be no concern. It's like worrying about getting swept away in a tsunami in the middle of a Kansas prarie. Eric HELPS
@patrickbush95263 жыл бұрын
This has always worked for me tell the IRS the dog ate your homework
@GetAGENTORANGEOUTDumpty-ed9se6 ай бұрын
Great Q & A, Thank YOU BOTH SO SO MUCH 💯☀
@marybourgeois5235 Жыл бұрын
OMGGGGG...take this to heart: I LOVE Y'ALL! I'll be calling.
@Savannah-ed4rv3 жыл бұрын
What about taxes on IRA withdrawals that I needed to use while on Disability? I'm now 60 years old and did pay taxes and a 10% penalty before I was 591/2 years old. Thanks for this very informative video! I would also like to find out about property taxes. I usually owe about $2500 yearly.
@HELPSLawGroup3 жыл бұрын
The taxes owed on your IRA withdrawal are income taxes and are the topic of this video. Property tax laws are governed under state laws and are completely different. Eric Olsen Executive Dirextor HELPS Nonprofit Law Firm
@w8what575 Жыл бұрын
Homestead act through ur county…some states call it something else but ask the courthouse when u go to pay ur taxes
@barbaraadams82193 жыл бұрын
Thank you.
@SeniorLivingOrg3 жыл бұрын
You're welcome!
@KG-do9wnСағат бұрын
Unfortunately the non collectibles will still have interest yearly. I'm experiencing it. I owe from 2014 using my 401k because I was unemployed. The firm I worked for closed, filed chapter 13 in 2011. I struggled to pay bills so I used my 401
@grandmabarbs1753 жыл бұрын
I am 70 and still working part time and have a 401K. Why do I have to pay 20% Fed tax and state tax to take out my ???? Will I get that back when I file my taxes?
@richardayala43563 жыл бұрын
Depends if your contributions to the 401k were pretax or post tax. If pretax, you are deferring the tax to when you start receiving your 401k, if your contributions were post payroll taxes, then you already paid the tax and there is no taxes on the 401k distributions except on the investment gains made by your 401k because this is passive income and gains separated from its capital is income. Will you recoup the tax when you file your income tax...probably! This interview on KZbin really doesn’t help you.
@grandmabarbs1753 жыл бұрын
@@richardayala4356 Thank you so much for taking the time to answer. I appreciate it. Hugs to you.
@jmahoney95613 жыл бұрын
What about student loans?
@ericolsen21413 жыл бұрын
Senior Living has a new video on student loans
@america14033 жыл бұрын
What is the contact info for HELPS ?
@ericolsen21413 жыл бұрын
855 435 7787
@nickcella63463 жыл бұрын
Great info.
@SeniorLivingOrg3 жыл бұрын
Glad it was helpful!
@laurasweeney25462 жыл бұрын
Must seniors first file the tax form to get the non collectible status, or can they ask for non-collectible-status before before they file?
@HELPSLawGroup Жыл бұрын
You have to first file taxes Eric HELPS
@mikemadikia21162 жыл бұрын
Does this include property tax as well?
@SeniorLivingOrg2 жыл бұрын
Contact the HELPS Nonprofit Law Firm, call 1-855-435-7787.
@HELPSLawGroup2 жыл бұрын
I am assuming you are discussing property taxes on a real property- a person's home. Property taxes are a different animal. They become a lien on the property and if not paid after time could result in foreclosure by the local government. Many states have programs to lower or eliminate property taxes for seniors with lower-incomes.
@RJFPme2 жыл бұрын
Are property taxes included in this ?
@HELPSLawGroup2 жыл бұрын
No. This video deals with income taxes, state and federal. However many states have programs that either reduce, eliminate or defer property taxes for lower-income seniors. Eric HELPS
@kidmystery20103 жыл бұрын
Irs froze my bank account because I hadn't filed taxes for 3 years. I had to file the taxes and actually got an 8000 refund then the freeze was lifted
@lindarowe40763 жыл бұрын
Much thanks,
@joycemetz65517 ай бұрын
Sounds good -if you are brave.
@lakecrab3 жыл бұрын
Does that include the legalized theft of property taxes by counties?
@ericolsen21413 жыл бұрын
This video discusses income taxes. Property taxes are a completely different matter. Some states have laws that assist seniors with property taxes. Eric HELPS
@joycepitchford65922 жыл бұрын
Yes I agree. Maybe I will be able to get a little sleep. So thank you very much and I will call you in the mourning.
@wendylouise77803 жыл бұрын
Would you please separate the info between subjects?I have listened to a couple videos and still don't have info.correctly.interested in state tax debt.
@DavidJSmith-hl6kb3 жыл бұрын
LOOK UNDER THE VIDEO FOR THE WORDS "SHOW MORE"!...CLICK ON IT AND YOU WILL FIND WHAT YOU'ER LOOKING FOR!...I HOPE THIS HELPS!...GOD BLESS AMERICA! 0:-)
@ericolsen21413 жыл бұрын
State tax collectors cannot garnish SS and pensions. Your income is protected in a bank account as described in the video from garnishment by a state tax collector. Twice the amount of monthly federal benefits is protected automatically in the account into which they are deposited no matter the actual source of funds in a bank account at a time of garnishment. This applies to judgment creditors INCLUDING state tax collectors. Eric Olsen Executive Director HELPS Nonprofit Law firm
@idabennett84702 жыл бұрын
In the book Meet Your Strawman on page two it talk about Loan and Montage and loan it says both loan and mortgage paid from day one people can pay again if they want too do you Sir know any thing about what stated here?
@HELPSLawGroup2 жыл бұрын
Sorry no
@White-ms9uo3 жыл бұрын
Question : I am 68 years old and was laid off from my job last May. I started collecting unemployment and did not have taxes taken out. Now texts are due to the tune of $1,500. How can I or is there a way for me to not have to pay these taxes? I have been paying $50 every month. I sent them a letter and said this is the most I can pay. After 7 months they sent me a letter with a lien if I didn't pay it within 30 days the entire amount. I called them and they said the reason I got the letter was because I did not set up a formal payment plan with them. The fact that I was paying consistently every month meant nothing. So over the phone you set me up on a $50 a month payment plan and told me to get online with their website and set up the automatic withdrawal which I did. Is there a way for me to get out of this at my age even though I am collecting unemployment of 854 every two weeks and now an additional 300 a week boost until September? I'm also collecting Social Security
@ericolsen21413 жыл бұрын
It is difficult to answer these questions because of the lack of information. You are certainly talking about taxes owed to the state? The IRS would never take this aggressive stance. While your SS is protected from the state tax collector unemployment is not so sticking with the payment plan looks like it makes sense Eric HELPS Nonprofit Law Firm
@stephengarrison8027 Жыл бұрын
yeah once you pay them something they keep on you forever, you need to listen to this guy & clain a noncollectable status.
@bhavatitdhyan3 жыл бұрын
IRS files a "notice of lien", not a Lien, which is a judgement after due process is invoked. Notices are not liens, but banks surrender the victim's funds unlawfully by treating a notice of lien as if it was a valid lien. This is a crime by the bank, but no prosecutor will charge them.
@Ms.Byrd683 жыл бұрын
Good to know.
@claudettesampson85393 жыл бұрын
what about property taxes for seniors
@ericolsen21413 жыл бұрын
Property taxes are a different animal. They are governed under state laws. They are really owed by the property to which they attach. Some states have programs that reduce property taxes for seniors. There are sometimes other answers. I believe Senior Living will be doing a video on this topic shortly that will answers questions in this area. Eric HELPS Nonprofit Law Firm
@valeriebenwell22103 жыл бұрын
Thanks for the information. Could you let me have the # of that lawyer 1855-helpus?????
@ericolsen21413 жыл бұрын
855 HELPS US Help has an s on the end
@cynthiaayers76963 жыл бұрын
My husband gets Social Security and a pension, and we still pay property taxes but at a substantially reduced rate like 50 bucks per year. A veteran's wife.
@SeniorLivingOrg3 жыл бұрын
Thanks for sharing!
@Brenda12533 жыл бұрын
How?
@Ms.Byrd683 жыл бұрын
@@Brenda1253 Some States tax Seniors differently then the General Public. You should check your state's property tax laws. There's probably an Official Website set up for you.
@suzihazlove49793 жыл бұрын
How????
@johnkelly94515 ай бұрын
@@suzihazlove4979Call your local representative. Call your County Courthouse, ask your tax preparer. Depending on the seniors income, they maybe edible for a reduction in taxes after they fill the paperwork out then a refund will be sent. In our state my parents received a discount on their school taxes and $385.00 back out of the $1000.00 they could've received depending on their income. Some renters can qualify too.
@joyclark8593 жыл бұрын
Well I am on ssi will I get my stimulus check this week too I'm hoping I will I need the money to get help with it too
@HELPSLawGroup3 жыл бұрын
Senior Living has a new video on the stimulus
@flycatchful Жыл бұрын
Calling the IRS is a waste of time. They never answer the phone and when they do they put you on hold.
@HELPSLawGroup Жыл бұрын
They do answer the phone but you might be on hold for up to two hours. Eric HELPS
@wendylouise77803 жыл бұрын
You said something about owing for 10yrs.and then it's written off.I have state tax debt owed from my 2011 income filed in 2012.is the 10yrs.up in 2021 or 2022?I was told no payment plan monthly and the only thing I could do was a lump sum offer.I never could do that and now have had soc.sec.for 1 yr.now?what should I do now?
@wendylouise77803 жыл бұрын
In terms commentary he stated 10yrs.
@ericolsen21413 жыл бұрын
@@wendylouise7780 in reference to IRS taxes
@alleyoop51853 жыл бұрын
Maybe just hide for one more year, to be safe
@wendylouise77803 жыл бұрын
Is state irs tax debt different than what you were speaking of?
@davidpitcher30543 жыл бұрын
What if you are under FRA and made too much $? Is there a way to keep Soc Sec from taking the $1 for every $2 that they threaten to take?
@HELPSLawGroup3 жыл бұрын
no familiar with this accronym
@davidpitcher30543 жыл бұрын
@@HELPSLawGroup Full Retirement Age
@HELPSLawGroup3 жыл бұрын
Here is a quote from the SSA: "If you change your mind about starting your benefits, you can cancel your application for up to 12 months after you became entitled to retirement benefits. This process is called a withdrawal. You can reapply later. You are limited to one withdrawal per lifetime."
@AZStarYT3 жыл бұрын
How I stopped paying income taxes at 31: I just stopped. How I stopped filing returns at 31: I just stopped. What I did to figure this out: I actually READ "Title" 26, with a law dictionary (NOT Webster's) in hand. Read the LEGAL definition of the term 'includes'. It means 'ONLY YTHIS'. Then look at 26 USC 7701 (definitions) where it defines the United States: it says "includes the District of Columbia" - in other words, it is ONLY the District of Columbia. In other places, sections will say that it "ALSO includes" territories, possessions, etc. In some sections it mentions the "50 states of the union", but NOT as "The United States". So in other words, UNLESS you "reside" in the District of Columbia, you ARE NOT "within" the United States. And (reading relevant sections) unless you have "income" that is "effectively connected with the United States" - guess what? You do NOT have "income" that is "within" the United States. This is not fantasy, it is not "patriot" BS, it is BLACK AND WHITE, written right there in Title 26 (which, BTW, has never been entered into law by an Act of Congress). It is the rules, so to speak, of the Internal Revenue Service. What's interesting is that NOBODY ever asks what that corporation's title means. Specifically what does the term "Internal" mean - internal to what? THE TREASURY DEPARTMENT! Well, what is "The Treasury Department" a department of? The FEDERAL RESERVE. The "Treasury" of the United States, as far as I've been able to figure out from my research, no longer exists, or has no actual function "within" the corporation we call the United States. There' a lot more to this, wherein one can find out what's the REAL situation with this corporation called the United States, what OUR relationship is to it as people out in the American states, and how almost nothing we've been taught about this "country" is true, but it's a lot easier if you ust go to anna von reitz' website (run it together and add com). She's not the only one who's be saying this, as The Informer and his fellow researcher found this out back in the 80's, and Karl Lentz has been teaching how to use common law, based on this info, but I figured it out on my own in the mid 80's - because I realized LEGAL terms rarely have the same meaning as everyday ordinary language words. That's why you have to use a LAW dictionary when reading statutes, codes, rules, regulations, public laws, etc.
@cynthiaayers76963 жыл бұрын
I like it. I don't pay a damn dime to them, in fact they pay me over 2,000 a month and I own my home. They give me money to give back to them for their so-called taxes, but it's only $50 a year. I worked on and off, for 46 years and I've never made as much per year as I'm making now. Cindy's husband: a veteran...
@okthen773 жыл бұрын
Yeah it's actually corporate law everything is a corporation period and the District of Columbia is its own state. There is a tribe in this world that has attached these taxes to the people because America went bankrupt in 1933; furthermore for the Payback a Social Security number was attached to everyone being born. This number is a corporate number to the corporate District of Columbia. Putting your name in all caps to where you are obliged to pay taxes in order to pay back the money changers. The IRS is not a federal agency. It is a private Corporation.
@Van-id9oy3 жыл бұрын
This is such a goldmine of valuable information and I'm so glad found your KZbin page because you've provided so much helpful information for me that I can pass on to several people I know that it will be very beneficial to or better yet I can give them your KZbin page information as well.