Man you simplify it like no one I’ve ever heard. My dad had a business when I was in high school & my mom got sick & my dad had to quit paying taxes on his business in order to keep the roof over our head. I think he owes like 90k in taxes but he can’t afford that or anything close to that. He’s 62 years old. Was considering applying for a hardship for him but he doesn’t want the IRS down his back knowing there’s no guarantees that it will help him. Any advice?
Dissolved c-corp with no current assets or income with $140K in back tax. RO has been assigned which I am surprised since the tax is income not payroll. What options to settle?
![What Happens If You Owe the IRS More Than $25,000? [8 Things]](http://i.ytimg.com/vi/MPMBWo09hUQ/mqdefault.jpg)
It's funny how the IRS uses the words "You owe us"...like they lent us money😂
Oh I'm sorry I forgot I borrowed money from you.
I think in their minds, it's all their money, but they just "generously" let us keep half of it.
Man you simplify it like no one I’ve ever heard. My dad had a business when I was in high school & my mom got sick & my dad had to quit paying taxes on his business in order to keep the roof over our head. I think he owes like 90k in taxes but he can’t afford that or anything close to that. He’s 62 years old.
Was considering applying for a hardship for him but he doesn’t want the IRS down his back knowing there’s no guarantees that it will help him. Any advice?
Dissolved c-corp with no current assets or income with $140K in back tax. RO has been assigned which I am surprised since the tax is income not payroll. What options to settle?