IRS experiences?

iVillage Member
Registered: 05-09-2002
IRS experiences?
20
Sun, 01-18-2009 - 2:02pm

Anyone here have any experiences in dealing with the IRS to pay back taxes?

Daisypath Anniversary tickers

Pages

iVillage Member
Registered: 03-27-2005
Mon, 01-19-2009 - 8:02am

Generally speaking they want their money inside of one year of your filing if at all possible.

iVillage Member
Registered: 10-06-2006
Mon, 01-19-2009 - 10:48am

I'm glad you're happy, Erin.

iVillage Member
Registered: 03-17-2003
Mon, 01-19-2009 - 11:43am

You are right.

iVillage Member
Registered: 05-09-2002
Mon, 01-19-2009 - 12:00pm

There has been nothing that has been hidden at all in our relationship as far as money and/or debt.

Daisypath Anniversary tickers
iVillage Member
Registered: 03-17-2003
Mon, 01-19-2009 - 12:35pm

Clearly your feelings for him are strong and your commitment to him is admirable.

iVillage Member
Registered: 08-24-2007
Mon, 01-19-2009 - 2:03pm

Hi Erin:


First, congratulations on the engagement!

Kate


empty purse

iVillage Member
Registered: 01-23-2007
Mon, 01-19-2009 - 7:48pm

Erin:

We all know you're crazy over this guy and have been waiting for a proposal for a long time. Congratulations! He proposed and you are living together. That's great. I mean that sincerely. Nevertheless, I would not pay his debts for him, especially if you have your own debt. Until you are married, try to pay down your own debt first. You'll be happier entering your marriage free of personal debt. I also agree with a number of other posters here: he needs to learn to do this on his own. He messed up, not once but twice, and now has to pay for it. He'll grow a lot from this.

That wasn't what you asked for, though, so ignore it if you wish. You asked about payment plans with the IRS. We owed state taxes after we lost a business and, believe me, they don't go away. We set up a payment plan pretty easily and paid it off within a year; but, our payments were heftier than we would have preferred. We bit the bullet and paid up. Never was I so grateful to pay off a debt!

Good luck, Erin.

Dee






iVillage Member
Registered: 05-09-2002
Mon, 01-19-2009 - 9:37pm

Hey everyone.


I think I may have given you all the wrong impression here, that I'm just waiting to swoop in and try to dig him out of this hole he's in.

Daisypath Anniversary tickers
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Tue, 01-20-2009 - 10:38am

Hi Erin - Have you looked at the IRS forms for repayment? We owed the IRS money back in 2003. DH elected to pay it all off within one year, but he seems to recall that the form gave him the option of spreading the payments out over 3 years. We weren't dealing with past years' taxes, though - it was the current year's taxes that he hadn't paid throughout the year in his quarterly estimates.

We ended up paying the IRS $1500/month for a year, more when we had it, to pay it down quicker. It was *a lot* of money. The IRS was easy enough to deal with, though, and that was the absolute last year that we ever had that trouble. From then on, we always took 1/3 of any 1099 income and put it in a tax fund that we looked at as "not our money" - no matter what we never touched that money.

Good luck!

All my best,
Danni
cl-phocid, Debt Support Group



All my best,
Danni

iVillage Member
Registered: 07-05-2006
Tue, 01-20-2009 - 11:00am

I myself was wondering why everyone was getting so up in arms when you said that this tax problem was a mistake of his employers that was accidentally forgotten about. It didn't sound like he was being purposely irresponsible about his taxes. Anyway - the one thing I will add here is that I have a husband who is very irresponsible with money and in the beginning of our marriage it was hard to deal with this. He even took out a loan behind my back while I was visiting family to try and hide his extravagant spending. He spent our rent money! I tried to teach him by giving him a few bills to pay. These bills were his responsibility and he payed them late every month and I had to remind him multiple times. Finally, I just admitted defeat and combined our bank accounts and took over all the bill paying myself. He doesn't mind, I enjoy it and everyone is happy. And definitely take him up on using your own money for your own debts and his money for his debts at least until you're married. It would be a good goal to be completely out of debt before your wedding and if you want any advice on saving money on your wedding...I saved a ton on mine. I got my dress off of ebay. It was a 1300 dollar dress straight from a designer that I got for 350. Never worn. Beautiful! I got my veil, slip, hair pins and candles off of ebay as well. I got married on a friday night and saved 10%. We saved my husbands whole check each week for 8 months and paid for the wedding entirely in cash. Of course, we both lived with our parents back then so we could do that. I remember how mad my mother was that we had 7,000 dollars in the bank and we were spending it on a wedding! That could be a downpayment she would say and ya, that would have been great, but I loved our wedding, it was exactly what I wanted and I will always remember it. Altogether, we spent 10,000 on our wedding and honeymoon in cash. It felt great!! By the way - this was 6 1/2 years ago. Good luck and try not to get personally offended by the advice. It's harsh sometimes but these ladies have a lot of experience.

PS - I'm a wedding pianist. I don't know where you live, but I just thought I'd add that in there! I live in NH.

Pages