NotQuiteGoodEnougher
NotQuiteGoodEnougher t1_j6owcis wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
What exactly did I give that was factually incorrect?
The IRS will work with you to work out a payment plan? (check)
You have 10 years? (check)
If you don't work out a plan, they can seize/sell assets? (check)
I was wrong that the plans end at the end of 10 years. You however, were also wrong to imply that was the end of the discussion. Carefully leaving out the additional powers the IRS can employ to 'get the money' before the 10 years are up.
I think you're arguing with me, while taking issue with another poster. Try harder.
NotQuiteGoodEnougher t1_j6osuku wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
Then maybe be a little more pointed and a little less general. For the 5-7 year timeframe the OP is in before the 10 year statute of limitations expires, they are ABSOLUTELY able to engage in a payment plan, and hopefully cover their taxes in arrears.
From you posting, I suppose you score a point for 'absolutism' but accomplish little else.
Yay! You're technically correct, but also wrong. I suppose in one sense though it simply points out that the IRS wants their money. You can make a payment plan, and if it's within the timeframe they will play softball.
If you're up against the wall on the 10 year limit, they'll just bend you over and take what they are owed, with a little less nuance and care.
Also, never ever said "they don't care how long it takes". Go back and read again, none of my previous comments are edited. Perhaps you're in such a hurry to make such a non-point you were misreading? It certainly didn't come from my mouth. I specifically noted the 10 year timeframe.
Ease up, Francis.
NotQuiteGoodEnougher t1_j6oposf wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
1st, the OP indicated the tax debt is from 2018, 2019 and 2020, which means they have at least 5-7 years before the debt could expire due to lapse of timing.
2nd. The IRS has other levers to pull in the case of tax liabilities. I suppose the OP could 'hang on' for another 5 years, dodge the IRS and hope for the best. For the money they are talking...unlikely. A couple of hundred, probably.
3rd, I would concede as a non-tax professional that your reply does indicate that a payment plan does not extend past the tax due date, which seems counterintuitive, but that's the Gov for you.
Additionally, what you're NOT saying is that the IRS will look to settle the debt through exisiting assests/liquidation/levy of assets.
>Before a PPIA may be granted, equity in assets must be addressed and, if appropriate, be used to make payment. In some cases, taxpayers will be required to use equity in assets to pay liabilities. However, as discussed below, complete utilization of equity is not always required as a condition of a PPIA. Consider levy or seizure in accordance with IRM 5.10, Seizure and Sale, and IRM 5.11, Notice of Levy if there is significant equity in assets.
So let's not make it like a taxpayer can simply run the clock out and the IRS is powerless to settle the claim for taxes in arrears.
NotQuiteGoodEnougher t1_j6omjx8 wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
If you acknowledge the debt and work out a payment plan, it absolutely does. You're kidding right?
NotQuiteGoodEnougher t1_j6oakpy wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
If you are obligated on a tax plan they will be flexible. The debt doesn't 'expire' if it's being serviced through payments. And a 10 year plan is better than a zero year plan.
I've worked with the IRS on payment plans before. They are very generous on the terms and payment schedules and the interest rates are very reasonable. If you owe it, get in front of it. They will work with you.
NotQuiteGoodEnougher t1_iyo4p54 wrote
Reply to comment by bronkscottema in Cruise ship passenger rescued from ocean isn't sure how he went overboard, he tells ABC by PichuLovy
Or, TBH he was suicidal, hit the water and changed his mind. Treaded water for 15 hours, and thought he'd rather not divulge the 'reason'.
Of which I totally respect. I just hope he gets some mental health treatment if necessary.
NotQuiteGoodEnougher t1_iy4uevv wrote
Reply to comment by yeah87 in A job interview ended because I refused to tell them what my current salary was and what my salary expectations were. Is this normal? by RepresentativeError8
Op made it clear the expectation from the interview was that salary history was to be provided.
If I was OP I would have countered that I want the range.
Luckily I live in a state that's very serious about this. Employers are required to provide the range, and are prohibited from requesting my salary history.
NotQuiteGoodEnougher t1_iy4trt1 wrote
Reply to comment by spysnipedis in A job interview ended because I refused to tell them what my current salary was and what my salary expectations were. Is this normal? by RepresentativeError8
And a lot of states (40%) specifically made it illegal for employers to ask your past salary history. So it's important to know what state the OP is in. Because there are many employers breaking the law, that are either doing it accidently or on purpose.
NotQuiteGoodEnougher t1_iy4k53g wrote
Reply to A job interview ended because I refused to tell them what my current salary was and what my salary expectations were. Is this normal? by RepresentativeError8
What State did this occur in?
Specifically, AL, CA, CO, CT, DE, DC, HI, IL, ME, MA, MD, NJ, NY, NC, OR, PA (state agencies only), VT, VA and WA.
If you're in any of those states, you need to call the labor board in your state and file a report. In those states it's strictly illegal to ask for your past salary history, let alone make it a condition of continuing an interview.
Not sure about the downvotes, OP indicated he was asked salary history. Which depending upon where it occurred could be illegal.
NotQuiteGoodEnougher t1_irxfucb wrote
Yes, but did he note 'no toddler' in the backseat when he picked it up? Maybe it was left earlier. I mean people leave those kids all over the place.
NotQuiteGoodEnougher t1_j6oxu5m wrote
Reply to comment by tmoney144 in Optima says my dad owes $40k in back taxes?! by [deleted]
Lol hilarious. The double down I can't admit I've been arguing with the wrong person defense.
You're a hoot at parties I imagine.