The Saving Advice Forums - A classic personal finance community.

The I.R.S is holding my money :(

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • The I.R.S is holding my money :(

    I owe the IRS over $10k in back taxes. Can anyone help me reducing my taxes please.

    I recently enrolled in this government tax relief program
    But I would like to get as much advice as possible. Thanks
    Last edited by disneysteve; 12-14-2015, 04:48 AM. Reason: phone number removed

  • #2
    Originally posted by rhart3744 View Post
    I owe the IRS over $10k in back taxes. Can anyone help me reducing my taxes please.

    I recently enrolled in this government tax relief program
    But I would like to get as much advice as possible. Thanks
    In your other post, you asked if this is a reputable company but here you say you've already enrolled with them so I guess you made your decision (or this is spam).

    You titled this thread "The IRS is holding my money". It doesn't sound like they're holding anything. It sounds like you owe them 10K. What's the deal?
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

    Comment


    • #3
      Hmm, have you called the IRS? If you owe them money, you might want to talk to them. As long as you money, penalties accrue at a rate of .5% of assessed balance each month + 3% PER year compounded daily. Failure to pay penalty is assessed on balance after April 15 of the year following the tax year. Oh, yeah - the penalties max out at 25% of the original assessed balance; penalties can be abated under certain circumstances but not interest. If you owe money each year, you might get assessed "Estimated Taxes"

      If you paid the IRS money, it is not yours; if you owe past taxes, you are holding their money. If you
      I YQ YQ R

      Comment

      Working...
      X