True Stories of IRS Tax Debt The Trouble For Truckers
True Stories of IRS Tax Debt The Trouble For Truckers
Heard It All Before: I need letters and receive e-mails from people who tax help and advice. Too often, an independent contractor, truck drivers are hit particularly hard by the IRS. Their way of life, always on the road it may be difficult for them to file their taxes on time. Our unfortunate debtor, in his letter he did not get "Post" and as a result of the IRS collection has two brutal measures to be enforced against the person.
TheQuestion is, what can he help?
Hello. I got your website and thought I'd drop you a line. I'm in a bad state. I owe back taxes from 1996, 1998, 1999, 2006, and probably also due for 07 to both. I have a bank release the other day and they have confiscated my paycheck. I am over the road truck driver and I do not get "snail mail" as a normal person would. Consequently, I was not able to react to in time. After repeated calls, I never get the same answer twice from them. I am toothe point that I do not even know who to believe no longer exist. A staff member had told me to pay over 1k per month and another told me $ 300 per month. They tell me I owe them more than 37k. By all rights I am a tarp. I live in my car. But I have no intention of living in my car only 24/7/365 make payments to the IRS. I know that the limitation period will come in, very soon. However, I try to use the offer in compromise, back in 05 and they rejected the offer. It was rejectedon incorrect information that they have failed to make with me when I asked her to show me where the so-called vehicle was that it for me. I know that no payment scheme would allow me signing my rights to the statute of limitations. I have nothing I no properties I have payments on a car and that was it. I'm not sure where you here. I could really use some tips.
Let's break his situation.
He owes back taxes from 1996, 1998, 1999,2006 and 2007 for a total of $ 37,000. He has seized a garnishment on his wages, and his bank account.
If the magic number 10?
He mentioned that he knows the statute of limitations is about to let expire. That is partly correct. The statute of limitations is a period of 10 years that the IRS has to collect on your debts. There are factors that contribute to increase the length of the statute, and that person has added it already.
He mentioned that he usedfor an offer in compromise in 2005. The amount of time a person waits for an approval on an offer is received, the statute of limitations. Since most deals take more than a year, that person is the statutes of at least 11 years from now, when the first debt.
If he is lucky, he could see the debt disappear from the year 1996, but he is still owed to the other years.
He also mentioned that when he comes in the form of a payment system now that will broaden the statute. That is true. If youinto a payment plan with the IRS, they have the option of the limitation period of 5 additional years to renew.
What is the solution?
Now to the offer in compromise The author asserts that he was in 2005, rejected on a technicality. This is one of the pitfalls of an offer in compromise. Even if you qualify, if the papers do not absolutely correct, then you can do still get denied.
Is it the stream?
It seems so, but appearances can bebe mistaken. Even if it opts for an offer in compromise in 2005, he has refused a good candidate for an offer. He lives on his truck, he has no fortune, and his only asset is a car. His situation fits the undue hardship clause for an offer in compromise. Even if he starts the job of the IRS collection process is a temporary holding action, which means his paycheck and bank accounts can be accessed again can be found. He had to stay up to date with its input in the future if hewill accept an offer in compromise. It is important that his life and financial freedom to have back.
http://www.irsdebt.pannipa.com/2009/11/14/true-stories-of-irs-tax-debt-the-trouble-for-truckers/
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