I just received my Tentative Job Offer for the IRS(Contact Representative with the Small Business/Self-Employed division). I'm so excited. I'm fresh out of college, and this will be my first full-time job. 😊.
So if I have 100,000 in debt how can that be put into do not collect because of bills. My question is, why does the irs see your gross income and not your net? Your net is what you have after all your deductions!
I have a 1099 in the mail that came recently for 2022 tax year from a credit card debt charge off. My mail has been bouncing around I guess and finally made it to me. It was about $18000 charged off. But on my irs online account it says zero owed. What do I do with this?
If you all money it's not good to make any difference whether it's civil or criminal. If you pull your IRS transcripts off@irs.gov you find out thank you for the question
My husband owes 4k in taxes and 3k in interest and penalties to IRS. How do we get that number down?I don’t want to agree to pay if there’s a way to negotiate less. We just had a baby and can’t afford to pay that but we want to get rid of all our debt and start working towards our financial goals. I owe 2k but it was sent to collections. Is there anything I can do to get rid of that as well?
I sold my house in 2022 moved in a apartment for 9 monthes then bought another house.l only stayed in the house l sold for 9 months gave my tax man 1099 form he did not put it on my taxes.House was sold for $785,000 loan 564,000 l put $160,00 down my money.Now the lRS saying l owe $390,000
Hi sir I received a letter from a 3rd party saying that I owe $254.00 two hundred fifty four. From my taxes I can’t believe it . I’m very poor why would they want $250. From me I think it’s fraud, how can I dispute or waive This debt
Never pay what you don’t know that you owe you probably got a third-party notice who worked with the IRS You can call them and ask what it’s for but do not give them any information about you whatsoever
I have a question and I know it was very dumb on my part but this is situation I’m in. I initially had 100,000 in stocks that was clear tax paid money. I made a risky stock play and made about 300,000 profit so I was up to 400,000 in late 2021 then beginning of calendar year 2022 I still had 400,000 and made some bad choices and didn’t set aside tax money and the 400,000 went down to 100,000 but this was in beginning of 2022. So now I got back tax returns and owe $102,000 so I will have to pay the 100,000 and be left with nothing. Is there any kind of relief or anything I can do about this being that it was in 2 different calendar years but only about 4 months apart?
IRS says I put the wrong mortgage interest..it was supposed to be 534.00..I put 5340.00..I have to send them my mortgage statement..what recourse do I have?? Kim
Are irs agents taught to be reasonable and fair vs. trying to trick, scheme and make false statements to try and intimidate? For instance, I have a friend who has (in my opinion) only mistakes in omission, has always paid payroll taxes and only on occassion would get a letter for a missing filing (aka 941, 940, having paid but just possibly forgetting to file after quickbooks rejected the password to efile something. Assuming my friend has no back taxes, is it fair to say that the irs really is just wanting everything current and to determine that my friend is legitimate after 20 years in business?
I see that you have put your number down for someone else to call. Can I call you and talk to you about my issue? I took down your number but I don’t want to call at an inappropriate time. I live in California.
I filed for bankruptcy… Including years that were filed on my behalf after the bankruptcy the IRS is now trying to collect on years that are over 10 years old. Is there anything I can do?
I had to retire from nursing medically after 38 years. I took out my 401K (paid taxes) and invested in a coffee shop with my daughter at the end of 2018. Had a CPA for over 22 years that did my personal taxes and she worked on our business taxes for 2019. My daughter and her had a disagreement and she dropped us, I sought out another CPA for our 2020 Personal/Business taxes. He wasn't proficient in Quicken Books and recommended another. She did the Business /Schedule K and he did the personal taxes. He messed up my taxes (entering numbers on the wrong line) that I had to call the IRS to help figure it out. After that fiasco, I was looking for another CPA. However, we had a CPA that visited our Coffee shop, and she told us, her and her husband owe a CPA firm and they would take on our business. After deep diving into our 2021 Taxes, she realized that all of our P/L sheets were so off and the Quicken book categories were so displaced and miscategorized that it changes our P/L Sheets, which meant both our 2019 and 2020 schedule K's were radically grossly incorrect. Both previous CPA's, the second actually was following in the first's footsteps errors, showed us having $109,000 loss in our business. Our actual loss was around less than $10,000 for both years. This new CPA just made an amendment for both of these years. Now I got a tax bill near $8000 I owe to Fed and $2000 to the state. Neither my daughter nor I have ever received a paycheck from our store, we have struggled financially with it. The lease is up in August, and it will be finally over for us. I got married in 2021and moved to another state while my daughter continues to run the store. I am receiving Social Security, very minimal and my husband is on a fixed income due to his job, until he retires next year. If I ask for an OIC, would they still include his income? This all took place before we got married. He sold a little home to his son and made some money off of it. He has no pension, so it was part of his retirement. Just wondering if they will work with me since we found out the errors, want to be very honest about the situation, don't feel it's our fault that these two CPAs didn't do their job correctly causing a hardship on me particularly. Would they even listen ??
So if I have 100,000 in debt how can that be put into do not collect because of bills. My question is, why does the irs see your gross income and not your net? Your net is what you have after all your deductions!
I just received my Tentative Job Offer for the IRS(Contact Representative with the Small Business/Self-Employed division). I'm so excited. I'm fresh out of college, and this will be my first full-time job. 😊.
Nice
Congrats
Happy for u
So if I have 100,000 in debt how can that be put into do not collect because of bills. My question is, why does the irs see your gross income and not your net? Your net is what you have after all your deductions!
Always awesome....!
What about the appeals process before your debt is officially moved to collections? Will the irs offer a lower settlement amount going that route?
Appeals try to settle
@@HelpFromAFormerIRSAgent for a lower amount generally?
@@milwaukeemuscle469keep in mind, appealing extends the statute.
1:55
I have a 1099 in the mail that came recently for 2022 tax year from a credit card debt charge off. My mail has been bouncing around I guess and finally made it to me. It was about $18000 charged off. But on my irs online account it says zero owed. What do I do with this?
U must ask u r tax preparation person
Tk u
I do not comment on returns
Tk u
Was it a 1099C? If so you need to file it with your tax return. The IRS will include the $18K to your taxable income.
Can u discharge back tax with tda account
You need to ask the bankruptcy attorney, how the court will handle the dischargeability, and how they will treat the asset
@@HelpFromAFormerIRSAgent you said you knew how to get this removed that is why she asked you.
How to tell if the tax debt is civil or criminal?
If you all money it's not good to make any difference whether it's civil or criminal. If you pull your IRS transcripts off@irs.gov you find out thank you for the question
My husband owes 4k in taxes and 3k in interest and penalties to IRS. How do we get that number down?I don’t want to agree to pay if there’s a way to negotiate less. We just had a baby and can’t afford to pay that but we want to get rid of all our debt and start working towards our financial goals. I owe 2k but it was sent to collections. Is there anything I can do to get rid of that as well?
I sold my house in 2022 moved in a apartment for 9 monthes then bought another house.l only stayed in the house l sold for 9 months gave my tax man 1099 form he did not put it on my taxes.House was sold for $785,000 loan 564,000 l put $160,00 down my money.Now the lRS saying l owe $390,000
Hi sir I received a letter from a 3rd party saying that I owe $254.00 two hundred fifty four. From my taxes I can’t believe it . I’m very poor why would they want $250. From me I think it’s fraud, how can I dispute or waive This debt
Never pay what you don’t know that you owe you probably got a third-party notice who worked with the IRS
You can call them and ask what it’s for but do not give them any information about you whatsoever
I have a question and I know it was very dumb on my part but this is situation I’m in. I initially had 100,000 in stocks that was clear tax paid money. I made a risky stock play and made about 300,000 profit so I was up to 400,000 in late 2021 then beginning of calendar year 2022 I still had 400,000 and made some bad choices and didn’t set aside tax money and the 400,000 went down to 100,000 but this was in beginning of 2022. So now I got back tax returns and owe $102,000 so I will have to pay the 100,000 and be left with nothing. Is there any kind of relief or anything I can do about this being that it was in 2 different calendar years but only about 4 months apart?
your current 433a irs financial statement determines all
IRS says I put the wrong mortgage interest..it was supposed to be 534.00..I put 5340.00..I have to send them my mortgage statement..what recourse do I have?? Kim
u must write letters to them if no luck called the taxpayers advocate in your state
why did you leave?
My wife was murdered
I left that day
@@HelpFromAFormerIRSAgent oh my. My condolences.
Are irs agents taught to be reasonable and fair vs. trying to trick, scheme and make false statements to try and intimidate? For instance, I have a friend who has (in my opinion) only mistakes in omission, has always paid payroll taxes and only on occassion would get a letter for a missing filing (aka 941, 940, having paid but just possibly forgetting to file after quickbooks rejected the password to efile something. Assuming my friend has no back taxes, is it fair to say that the irs really is just wanting everything current and to determine that my friend is legitimate after 20 years in business?
It's really hard to say without knowing the facts I'm not trying to dodge the question but you need to have much more detail before you comment
Is there any way for me to contact you?
I have irs agent stealing money and messing up my tax information have other irs agents helping him Thomas Serrano California
Report him
Sooo...hire a tax attorney is what you're saying? I sure as heck am not going to understand all of the intricacies of the tax payment programs.
if it is serious debt find a tax pro really
I see that you have put your number down for someone else to call. Can I call you and talk to you about my issue? I took down your number but I don’t want to call at an inappropriate time. I live in California.
Tk u
Midday is great
How can I contact you?
954-328-3501
I filed for bankruptcy… Including years that were filed on my behalf after the bankruptcy the IRS is now trying to collect on years that are over 10 years old. Is there anything I can do?
Ryan there's nothing you can do you must file all your returns that they are not filed bankruptcy will do you nothing
You don't need to file shit. When they come to your door tell them you are not going to incriminate yourself.
I had to retire from nursing medically after 38 years. I took out my 401K (paid taxes) and invested in a coffee shop with my daughter at the end of 2018. Had a CPA for over 22 years that did my personal taxes and she worked on our business taxes for 2019. My daughter and her had a disagreement and she dropped us, I sought out another CPA for our 2020 Personal/Business taxes. He wasn't proficient in Quicken Books and recommended another. She did the Business /Schedule K and he did the personal taxes. He messed up my taxes (entering numbers on the wrong line) that I had to call the IRS to help figure it out. After that fiasco, I was looking for another CPA. However, we had a CPA that visited our Coffee shop, and she told us, her and her husband owe a CPA firm and they would take on our business. After deep diving into our 2021 Taxes, she realized that all of our P/L sheets were so off and the Quicken book categories were so displaced and miscategorized that it changes our P/L Sheets, which meant both our 2019 and 2020 schedule K's were radically grossly incorrect. Both previous CPA's, the second actually was following in the first's footsteps errors, showed us having $109,000 loss in our business. Our actual loss was around less than $10,000 for both years. This new CPA just made an amendment for both of these years. Now I got a tax bill near $8000 I owe to Fed and $2000 to the state. Neither my daughter nor I have ever received a paycheck from our store, we have struggled financially with it. The lease is up in August, and it will be finally over for us. I got married in 2021and moved to another state while my daughter continues to run the store. I am receiving Social Security, very minimal and my husband is on a fixed income due to his job, until he retires next year. If I ask for an OIC, would they still include his income? This all took place before we got married. He sold a little home to his son and made some money off of it. He has no pension, so it was part of his retirement. Just wondering if they will work with me since we found out the errors, want to be very honest about the situation, don't feel it's our fault that these two CPAs didn't do their job correctly causing a hardship on me particularly. Would they even listen ??
sorry no They will look at the financial collectable of the case, sorry
So if I have 100,000 in debt how can that be put into do not collect because of bills. My question is, why does the irs see your gross income and not your net? Your net is what you have after all your deductions!
Irs looks at both net and gross incomes, but net income is more more important