Does anybody here know much about IRS tax liens ?

[IneedIRStaxhelp]

I'm a ghost of a poster here and in tax trouble ! They are threatening me with liens. Do any of these tax relief places work or are they a scam ? Can I get a home equity type loan until I sell my house ? I'm about 8k into the IRS and town for taxes on a place worth over 200k but unemployed.

This is a serious thread not a joke.

[dodger33]

Places are a scam. If you are younger and have wage earning potential they will not settle with you. Get into a payment plan with them.

[tltaylor89]

If you don't pay soon they will send a Notice of Levy out this will entitle them to seize your property to cover said debts.No debt solution business do not help try to settle .

[BatemanPatrickl]

If you don't pay soon they will send a Notice of Levy out this will entilethem to seize your property to cove said debts.No debt solution business do not help try to settle .

Entile them? Marbe tile Ted?

[IneedIRStaxhelp]

Can you get a home equity loan in this situation ?

[IneedIRStaxhelp]

Why am I on post review ?

I'm not trying to scam points. I said right off that I have another real username here, I just don't want my brothers here to know of my situation.

[minet123]

No they are a scam
when I had some tax trouble I called the IRS office in Philadelphia
believe it or not
they where very very helpful
but it was my first notice and I called right away
Had everything settled in a few months and it turned out they owed me a dime but i saved all kinds losing tickets from the track among other recipts

[wtt0315]

p.m me i will help you.. i have had a lien in past

[blackbart]

those ads are for scam artists, if it is serious trouble you should find a trustworthy tax attorney to represent you.
it sounds simple and could negotiate on your own, just be warned they can and will do whatever they want like seize everything with no warning. best advice is to take immediate action, do not wait. if you hold the title to the property you should get a home equity loan. call a mortgage broker.

[TexansFan]

There are some legit tax attorneys out there who can help. Obviously the IRS isn't an agency you want to mess around with. Those guys have to authority to do just about anything with your money and property.

[MartinBlank]

Simple.

Set up a payment plan with the IRS. It isn't difficult, it is based upon your income-----and it isn't punitive.

The biggest problem you could create for yourself is avoiding the IRS. Communicate with them, and it is an easy problem to solve.

[TexansFan]

You sure get into a lot of trouble Brock.

[stikymess]

Places are a scam. If you are younger and have wage earning potential they will not settle with you. Get into a payment plan with them.

Call them work out a payment plan.

[IneedIRStaxhelp]

I'll be calling them Friday.

[Emily_Haines]

Quick sell you house and get out of dodge or better yet get a home equity loan and make no payments, stay as long as you can for free...........then split.

[nobs]

They can garnish your wages if it comes to that, but they will let you do a payment plan.

They accept payment plans always but they keep charging interest until its paid off.

Dont avoid them, the longer you avoid its more interest and penalties

[Emily_Haines]

Screw paying these fuks....the only thing their interested in is confiscating your money to bail out their corporate masters. You think you will ever get a bail out when you in need. They can't do shit to you if you don't keep your money in a bank and work for cash. More people quit paying these assholes the sooner the country implodes and we can start over.

[robmpink]

doesn't it take a few years before they do a lien? I guess you didn't file returns/taxes in the past few years.

[Doug]

bad spot

[stikymess]

I was audited last year 2009, for a tax year of 1999, what ever happen i owed them 7 hundred and they tacked on 13 hundred of interest and fees, so the clock i guess was ticking, wish they told me earlier.

[wtf]

I was audited last year 2009, for a tax year of 1999, what ever happen i owed them 7 hundred and they tacked on 13 hundred of interest and fees, so the clock i guess was ticking, wish they told me earlier.

i am sure it cost the government over 5k in human resources and other related fees to get this chump change

[Extra Innings]

I was audited last year 2009, for a tax year of 1999, what ever happen i owed them 7 hundred and they tacked on 13 hundred of interest and fees, so the clock i guess was ticking, wish they told me earlier.

didnt know they could go back that far

[SCRAGGS]

I'm a ghost of a poster here and in tax trouble ! They are threatening me with liens. Do any of these tax relief places work or are they a scam ? Can I get a home equity type loan until I sell my house ? I'm about 8k into the IRS and town for taxes on a place worth over 200k but unemployed.

This is a serious thread not a joke.

jj i am sure you condo is worth more than 200k.

[wtt0315]

irs debt is good for 10 years starting the first day of the next year

[jjgold]

Strange thread

sell the house, they are going to get it if not

[dmtrader]

If I understand your case, you will be paying interest and penalties no matter what. If you take out a home equity loan, there will be more fees (and additional interest) until you sell your home, when you will incure MORE fees to pay off the two mortgages.

It sounds like you didn't file a return or just decided not to pay. The IRS has three years to audit your return, but can assess tax, interest, and penalties anytime if you do not file a return, file a false return, or willfully attempt to avoid to pay tax.

Contact the IRS, prove you are unemployed, be willing to pay SOMETHING now, and get on the payment plan. File your tax return this year, where presumably the gov't will owe you money (apply that to your balance). Get ready for some hefty interest charges.

I know you don't like this, but remember, "poverty is expensive." Find a job, stop gambling, and get out of this hole you dug for yourself.

p.s. They CAN take your home (or car, boat, anything of value), but rarely do. They must apply to a neutral magistrate (judge) for permission to do so. This requirement limits the ability of the IRS to act unilaterally. They CAN seize your bank account and retirement plan without asking the court for permission.

Bottom line - they probably won't seize your home (at least right away), but they will make things so miserable so you will sell the home and pay them with the proceeds.

[jbrent95]

Talk with a CPA that does taxes for a lot of individual business owners. They tend to have experience with the IRS and are less expensive than an attorney.

[TexansFan]

Screw paying these fuks....the only thing their interested in is confiscating your money to bail out their corporate masters. You think you will ever get a bail out when you in need. They can't do shit to you if you don't keep your money in a bank and work for cash. More people quit paying these assholes the sooner the country implodes and we can start over.

Seriously, you are very near the top for the most brain damaged poster ever.

[str]

If you have equity in your home , of course you can get a home equity line of credit.
Usually up to 80% LTV(loan to value). Do expect an appraisal to come in low.
End of the day it should be a true 70% LTV.
Careful on the closing costs. Do not get screwed.
Borrow the 8 grand against your house and write off the interest.
Talk to the IRS and they WILL work with you.
Tell them what you are planning to do.

[Housemoney]

What bank in their right mind would give an equity line to someone that is unemployed?

The most recent mortgage loan I received, they need 2 years tax returns in addition to the W2s. The OP would have trouble providing those.

Best advice so far is talk to a CPA, but I bet the OP is tight on funds. Not working does that to you. He will be forced to talk to the IRS himself. Not something I would want to do.

It will be interesting to see what kind of payment plan the IRS gives someone that is drawing unemployment.

[MartinBlank]

Screw paying these fuks....the only thing their interested in is confiscating your money to bail out their corporate masters. You think you will ever get a bail out when you in need. They can't do shit to you if you don't keep your money in a bank and work for cash. More people quit paying these assholes the sooner the country implodes and we can start over.

Yeah, don't pay them.

See how that works out for you.

Oh yeah, and unless you are selling crack or turning tricks in the streets---they will find where you work, and they will make your life a f'in nightmare.

Most people don't "work for cash"----they actually go to a job and get paid. So Emily's advice is like throwing you a life vest after you have f'in drown.

[dherd]

i am a cpa. DO NOT IGNORE THE IRS - they are not bad to work with contrary to what you may have heard.
IF YOU OWE THE TAX call them and tell them you want to make payment arrangements. on $8000 it should not
be a problem. they will send you the forms which you can probably fill out yourself, if you cannot call the irs back
for help in filling them out, if that does not work call a cpa and have him fill the out for you.

DO NOT CALL one of those guys you see on the tv. they work on a percentage and will likely not take anything as small as 8k anyway.

pm me if you have more questions.

[Emily_Haines]

Yeah, don't pay them.

See how that works out for you.

Oh yeah, and unless you are selling crack or turning tricks in the streets---they will find where you work, and they will make your life a f'in nightmare.

Most people don't "work for cash"----they actually go to a job and get paid. So Emily's advice is like throwing you a life vest after you have f'in drown.

Yep, pretty fair that GM does not have to pay any income taxes yet everyone else is suppose to. If it was me in this situation I would not pay. Jesus Christ you could mow lawns and rake rocks out of a ditch and still come away with the same money that someone making 60K a year does just by not paying the taxes on the money you earn.

If you need to go out and get a real job just use a fake ss number and see how the IRS garnishes that.

[dodger33]

didnt know they could go back that far

No statute of limitations if you don't file your tax returns boys and girls. File them on time!

[63890000]

get a tax lawyer man