How can I get out of my tax debt?
by admin ~ April 8th, 2008 . Filed under: United States .
Alex C asked:
I owe $80k+ in taxes and simply cannot afford to pay the IRS anything. I make very little at the moment and I owe the taxes on money I have never seen. I worked for a company who had Me put things in my name for awhile. They had me take out large sums of money for them as cash. I now know they used me as a shell company but the paper trail marks me as the debt holder. I was paid a very small sum of money to do this on top of my wages for the company. Being new to business and having no knowledge I thought it was a great deal. Now I am just screwed. Any suggestions?
If I decided to just do the time how would I go about doing that and how long would I have to serve?
Rubin Fergerson
I owe $80k+ in taxes and simply cannot afford to pay the IRS anything. I make very little at the moment and I owe the taxes on money I have never seen. I worked for a company who had Me put things in my name for awhile. They had me take out large sums of money for them as cash. I now know they used me as a shell company but the paper trail marks me as the debt holder. I was paid a very small sum of money to do this on top of my wages for the company. Being new to business and having no knowledge I thought it was a great deal. Now I am just screwed. Any suggestions?
If I decided to just do the time how would I go about doing that and how long would I have to serve?
Rubin Fergerson
April 9th, 2008 at 5:21 am
If you were unaware of what was going on, then you may be able to sue your former employer. However, if you signed all of the documents that made you the debt holder, you may have a difficult time.
April 9th, 2008 at 11:33 am
You got yourself in a pretty big mess..Your best bet would be to contact a Tax Attorney.
April 10th, 2008 at 4:05 pm
Get yourself a good tax attorney. HE / SHE may also know how to get tah debt completely absolved by going after the people who put you into that position to begin with. Smoe cases have the ability to negotiate a smaller amount than owed to the IRS and be paid out over time which, at least keeps you out of jail and keeps them from siezing your assets.
April 13th, 2008 at 8:50 pm
Hey Alex C
Tax Attorney. They can and do get taxes reduced to verry little or made void.
I know you can’t afford an Attorney…. Some cities have agents that will assist you at no charge.
April 17th, 2008 at 1:50 am
Get yourself a good tax attorney, you are not screwed and not going to jail over something like this.
Perhaps you’ll find something here:
good luck.
April 19th, 2008 at 6:50 pm
You won’t go to jail unless you conspired to commit fraud. The same would hold true for the others of your company. You should consult an attorney, if you haven’t already. He may be able to help you. Maybe he can subpoena some records that would substantiate your assertions, or at least implicate your supervisors.