Reader Question: Stuck between IRS and a hard place (help!)
Reader Kyle has the following question that I hope some of you can help with. If you have a knowledgeable answer to his dilemma, please comment below:
Looking everywhere for a helping hand. Question about taxes. I’m in a serious pickle it would seem. I am now 3 years behind in taxes and have got some big fees to negotiate. Never mind how it happened, it’s complicated, 1099 and was catching up on rebuilding a life after a brief spout of homelessness and couch surfing. Got out of that hole, but right into a new one.
I was planning to file everything, set up a payment plan and be on a smooth road to recovery when a lay-off struck. Now I am unemployed and just barely getting by again. Even if I get a job soon, I won’t be making close to as much, savings are drained too. What can I do in this situation to approach the I.R.S. for repayment without just losing everything?Everyone says get a tax attorney do work it out, but I can’t afford that right now. Is there a way I can pause till I’m back in the game. I hear they are being mindful of the recession. How mindful can I expect them to be?
I know I have some tax geeks in my ~3000 daily readership, so help your fellow reader! I purposely stay away from taxes because it’s all I can do to not screw up my own each year (and just imagine if I stayed in the Accounting major in college!).
Thanks in advance!