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Okay, so I think I’m at my wit’s end here. I’ve been trying to help my dad settle his tax debt (about 55% of his income worth of debt) and he’s in jeopardy of getting a levy on his house. For context, my mom always handled financial stuff, but they separated in 2024, then my dad had a total loss fire, then they officially got divorced in January of last year. When they were married, she put him in a mountain of debt because of her failing business, so now he’s taking the fall. He can’t afford to pay it, and I’m trying to look into tax relief options, but I don’t even know if that is the best way to go about this. I’m 23, and I’m still learning how to do all of this since it’s foreign to me. Any advice would be greatly appreciated.
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Okay, so I think I’m at my wit’s end here. I’ve been trying to help my dad settle his tax debt (about 55% of his income worth of debt) and he’s in jeopardy of getting a levy on his house. For context, my mom always handled financial stuff, but they separated in 2024, then my dad had a total loss fire, then they officially got divorced in January of last year. When they were married, she put him in a mountain of debt because of her failing business, so now he’s taking the fall. He can’t afford to pay it, and I’m trying to look into tax relief options, but I don’t even know if that is the best way to go about this. I’m 23, and I’m still learning how to do all of this since it’s foreign to me. Any advice would be greatly appreciated.