MikeMountain
Junior Member
What is the name of your state (only U.S. law)? NY
I've been self-employed for about 10 years and filed all my taxes but haven't paid them. I did have a payment agreement years ago but couldn't keep up on the payments. I got a visit from a revenue officer but I wasn't home. He sent me a form 433 to fill out, and I have a meeting with him at my home next week. I just talked to him and he gave me a lecture about paying taxes, which I deserved, and said I need to get current on this years taxes before he could do anything. He wants $8000 which I don't have. And he says I need to try and get a loan against my house.
First - can I go to jail for any of this? And there's no way a bank will give me any kind of loan with my credit, and from what I owe to what the house is worth may not even cover the $8000. Not too mention I'm divorced but the house is still in my and my ex's name. I really don't want to go more into debt by trying to get a home equity loan.
What options do I have? Why didn't he just give me an offer in compromise or payment agreement? Should I get some kind of attorney? We're supposed to meet next week so I don't know if I have time.
I've been self-employed for about 10 years and filed all my taxes but haven't paid them. I did have a payment agreement years ago but couldn't keep up on the payments. I got a visit from a revenue officer but I wasn't home. He sent me a form 433 to fill out, and I have a meeting with him at my home next week. I just talked to him and he gave me a lecture about paying taxes, which I deserved, and said I need to get current on this years taxes before he could do anything. He wants $8000 which I don't have. And he says I need to try and get a loan against my house.
First - can I go to jail for any of this? And there's no way a bank will give me any kind of loan with my credit, and from what I owe to what the house is worth may not even cover the $8000. Not too mention I'm divorced but the house is still in my and my ex's name. I really don't want to go more into debt by trying to get a home equity loan.
What options do I have? Why didn't he just give me an offer in compromise or payment agreement? Should I get some kind of attorney? We're supposed to meet next week so I don't know if I have time.