Taxes

[LoudHandle]

I'm inquiring to see if any of you have used / needed one of the tax representation companies? Which one did you use? Was the experience good / bad? Worth it or not?

Situational Summary
Up until 2010 I had always done my own taxes, in 2011 I got married, bought a house, which should have been a decent tax shelter. When I tried to do my taxes with Turbo Tax it never asked for any of that information, so disheartened that it claimed I still needed to pay nearly $20,000 in taxes, I filed an extension and planned on meeting with a CPA to sort it out. Well life happens and I've never got around to filling for 2011, nor the years since. Now I'm recieving seizure notices and need to get this mess sorted.

If you have any experiences good or bad and don't want to post them; a PM would be fine also. Thank You in advance for whatever you can contribute!

 

[Mafesto]

We're all thinking it, so I will just go ahead & say it.
"Sucks to be you"


Meet with a CPA & get a game plan.
Suck it up, cuz you're gonna have some penalties to pay.

 

[polaris dude]

Yeah, I think we are all cringing at you having 20k/year worth of taxes owed dating back 4 years.

At this point whichever company you can get to fastest take them. They are all about the same and right now you need all the help you can get.

 

[allied1]

DO NOT call any of those aholes you see on TV adds! Do some research on a GOOD tax attorney. They are out there. Make sure to hire a CPA firm that works well with the tax attorney you choose.

 

[bholmlate]

Get a good tax attorney. The attorney should be able to get any of the penalties waved so you only have to pay the original amount owed. Then get on the government's easy payment plan and pay it off like any credit card. Don't expect any tax return money form the state or federal level until you pay it off. they will just take the money and put it toward what you owe.

 

[POLZIN]

YIKES bend over and assume the position

 

[bobback]

Are you Nick Diaz?

https://www.youtube.com/watch?v=JD5MRrqRhWI

 

[LoudHandle]

Are you Nick Diaz?

https://www.youtube.com/watch?v=JD5MRrqRhWI

No, I've paid plenty in taxes, ($58,000 in one year alone).

 

[slednutz]

I am an accountant and my biggest piece of advice for you based on prior experience is to have everything organized for whomever you meet with. I provide a service and I am pretty much selling my time, people are always shocked when they receive their bill based on time when 50% of it was spent organizing the person's information that they dropped off. In your case you need stop the bleeding by filing all of the prior years returns, and then you can deal with abating Failure to pay penalties and interest.

 

[SRXSRULE]

I wouldnt worry about it, I'm sure they are just messing with you and it will all go away. You dont really need to pay your taxes.......... LMAO!

I'm really shocked that the guy that knows everything, about everything and has such HIGH standards that he has to have custom one off parts built for everything because the normal aftermarket parts arent good enough cant figure out how to file a tax return for over 4 yrs! Good luck, your gonna need it! Eric

 

[Mafesto]

I wouldnt worry about it, I'm sure they are just messing with you and it will all go away. You dont really need to pay your taxes.......... LMAO!

I'm really shocked that the guy that knows everything, about everything and has such HIGH standards that he has to have custom one off parts built for everything because the normal aftermarket parts arent good enough cant figure out how to file a tax return for over 4 yrs! Good luck, your gonna need it! Eric

OUCH!!
While he's down let me kick him too! lol

 

[jerrydecoy]

Self employed?? Corp or sole prop.???

 

[kanedog]

When you go to jail, say hello to Wesley Snipes and joe guidice. Hahahahahahaha.
Just kiddin with ya.
I advise to start makin payments right away. Any monthly amount shows you are trying to pay down the amount owing. Penalties and interest are ticking away every minute of everyday and if it's at collection stages it's hard to reverse any charges.
Number 1 piece of advice is to open up a dialogue with them. they don't like when u don't pay but when u don't talk to them they seem to escalate collection action like a runaway freight train.

 

[LoudHandle]

Self employed?? Corp or sole prop.???

Personal Taxes, I'm just an employee, used to work for a contractor to big oil, but now I'm working for a LLC that does fabrication and mechanical work for the little guy ( Fisherman, local people, other small businesses).

I think once the forms are completed for the un-filed years. I will owe very little, time will tell.

 

[Bubba]

Tax

If you were working for someone and they paid in out of every check they gave you and you did not claim more than yourself you should be ok, my single guys that work for me make 60 grand a year pay in around 2 to 3 grand claiming just them self and dont have much they can right off.

 

[MORSNO]

Personal Taxes, I'm just an employee, used to work for a contractor to big oil, but now I'm working for a LLC that does fabrication and mechanical work for the little guy ( Fisherman, local people, other small businesses).

I think once the forms are completed for the un-filed years. I will owe very little, time will tell.

Good luck man! Hopefully it all works out to just paying a few fines/fees for not filing.

 

[slednutz]

If this is your only experience with the IRS and you have filed timely in the past take advantage of FTA or First Time Abate Relief with the iRS. This will require written correspondence with the IRS, you can also attach a FTA penalty relief form when you file the actual returns to help abate the FTP (failure to pay) and FTF (Failure to file) penalties. Basically this is somebodies one get out of jail free card for a normal timely filer, which helps abate penalties imposed for non or late filers who have had no prior issues.