That’s a very small part of it. $100 or something.
[Reply]

This too shall pass. God I hate taxes, I feel for you man. Serious.
[Reply]

I don’t remember exactly, but it must have been. We weren’t living in CO when we sold the house or filed taxes, and the house sale was the only income we were reporting. I think they changed the date of purchase needed to claim a certain exemption, and we originally did qualify but after the change were outside the window by like 6 weeks.
[Reply]

Tell the IRS guy you will let him put it in your wife's ass to make it go away. If he is gay you might have to take one for the team.
[Reply]

Give me money, rich man.
[Reply]

The IRS will never, ever, ever rescind interest.

If you, as a taxpayer, can show hardship (i.e. surgery, cancer, etc.) for filing late or making a mistake, they'll likely rescind the penalty.

Otherwise, pay as soon as possible in order to avoid further interest and penalties.
[Reply]

Yes, about 10 years ago had a 3600 tab for not paying capital gains on a stock sale. I called the lady in Philly and apologized, since it was my fault. She said “I never hear that so I’ll close your case. Have a nice day”.
[Reply]

This is SPOTT on, they don't care. Here is a cautionary tale. We found out we owed $10,000.00 for a penalty on an IRA loan I took out to put a down payment on building our house. Long story short, you have the length of your house loan to pay it back without penalty but the company doesn't have to set up a payment plan with you. It's on you. Long story short we owe and they don't care.

1) DO NOT hire one of the tv companies offering to bail you out. They want $2000.00 up front for you to fill out endless paperwork so they can submit it to the Internal Renal Service so
a) That can stop IRS calls, letters etc...
b) You can be set up on payment plans over a few years. (we are paying 200.00 a month.

2) NOW, if your tax preparer is not some discount deal they have the same number and can make the IRS call for you asking for a stoppage on your case and a new file on that year.
3) If they cant do that go to an reputable preparer that can immediately make that call and file your new file on that year. Just call around and ask if they can do those two things.
4) Calm down, it's scary but will linger on for years. It's not the end of the world and life goes on.

Good luck from a family that's been there done that.
[Reply]

Lock him up.
[Reply]

It was a pain in the butt when we did it. It took a lot of phone calls, waiting on hold for an hour to speak to someone and then being disconnected, speaking with multiple departments, etc. We only paid a small sum of interest to show that we were making payments, and we eventually got that back when filed the amended return. The CPA we used was basically worthless and we ended up doing all the leg work, even though it was completely his fuckup that caused the whole thing.
[Reply]

I’d check with the tax preparer first to see if they will help and also confirm it’s taxes you legitimately owe. If it’s something you do owe and the interest and penalties are not much, probably not worth the headache to try something other than just pay and move on. Maybe the prepared will reimburse you for interest and penalties because of their error.
[Reply]

wow! A 1%'er on chiesplanet! Champagne wishes and caviar dreams!
[Reply]

I’d love to just have to pay 4K in taxes.....
[Reply]

On the right path here, but maybe suggest she give a blow job to the IRS to get you out of the debt OP.
[Reply]

You have no idea how poor I actually am. Yes, I have investments and rental properties, and our assets on paper are fairly healthy, but very little of it is liquid.

Regardless, I won't be eating cat food when I retire.
[Reply]