Anonymous
06/14/2013 13:32
Subject: Bankruptcy and the IRS
If your income is reduced and you can no longer make the same payments each month you can probably renegotiate your payments with the IRS.
Anonymous
06/14/2013 12:02
Subject: Bankruptcy and the IRS
If you have that much debt why would you be a self employed contractor.
Typical DCUM judgmental idiot poster.
Maybe because that is his job? And no other job he could now get would pay as much?
Anonymous
06/10/2013 13:42
Subject: Bankruptcy and the IRS
Anonymous wrote:I have been on a payment plan for years with the IRS paying faithfully $700/month. Yes, it was my fault so no flaming please! Because the amount owed is still substantial, there is no way to pay this off before I'm 63. Since I'm a self-employed contractor, I don't have a lot of financial benefits (ie matched savings plan, etc) and income of $100,000 with lots of bills, tuition payments, etc.
If there are any bankruptcy attorneys out there, I would appreciate some advice. I am concerned that I won't be able to keep up the payments as I get older and won't be able to generate my present income.
If I file bankruptcy, would that eliminate the debt? I have never missed a payment and always in time. The IRS won't lower the debt because personal debt is not their problem. I understand that. Any solid advice from attorneys out there? Not worth cashing in investments.
If you have that much debt why would you be a self employed contractor.
Anonymous
06/10/2013 13:39
Subject: Bankruptcy and the IRS
You might be able to discharge the actual taxes owed but no the penalties and interest that accrued.
Last year, they made changes to the Offer in Compromise option. Take a look at the newer requirements because this may offer you the break you need.
Last year, they made changes to the Offer in Compromise option. Take a look at the newer requirements because this may offer you the break you need.
Anonymous
06/10/2013 12:22
Subject: Bankruptcy and the IRS
OP some tax debt can be eliminated through bk-
http://taxes.about.com/od/bankruptcy/qt/bankruptcy_tax.htm
http://taxes.about.com/od/bankruptcy/qt/bankruptcy_tax.htm
Anonymous
06/09/2013 12:46
Subject: Re:Bankruptcy and the IRS
Hire a tax attorney. They might be able to negotiate a deal with IRS
Anonymous
06/09/2013 12:39
Subject: Bankruptcy and the IRS
OP again. My goal is to keep paying as long as I possibly can without becoming homeless.
Anonymous
06/09/2013 12:37
Subject: Bankruptcy and the IRS
I have been on a payment plan for years with the IRS paying faithfully $700/month. Yes, it was my fault so no flaming please! Because the amount owed is still substantial, there is no way to pay this off before I'm 63. Since I'm a self-employed contractor, I don't have a lot of financial benefits (ie matched savings plan, etc) and income of $100,000 with lots of bills, tuition payments, etc.
If there are any bankruptcy attorneys out there, I would appreciate some advice. I am concerned that I won't be able to keep up the payments as I get older and won't be able to generate my present income.
If I file bankruptcy, would that eliminate the debt? I have never missed a payment and always in time. The IRS won't lower the debt because personal debt is not their problem. I understand that. Any solid advice from attorneys out there? Not worth cashing in investments.
If there are any bankruptcy attorneys out there, I would appreciate some advice. I am concerned that I won't be able to keep up the payments as I get older and won't be able to generate my present income.
If I file bankruptcy, would that eliminate the debt? I have never missed a payment and always in time. The IRS won't lower the debt because personal debt is not their problem. I understand that. Any solid advice from attorneys out there? Not worth cashing in investments.