Can they make me pay back fed taxes from old business?

[Dolly1948]

What is the name of your state?
I live in Ohio.
I had an S Corp. until 1994. I closed the company down completely. I believe I paid all my taxes, however, I just got a threatening call from IRS. I know everything is perfect with my personal taxes. There had been questions about some supposedly unpaid bills, BUT I took care of those. I am married. Do not work because of disability. Currently filing for SS disability. Haven't work since 1999. I have NO personal real estate or cars. Everything in husband's name. If I can't pay this, what can the gov't. do to me? Anything to my husband or our house? How about my SSD money coming in spring?

 

[abezon]

You're probably judgment proof, since you have no assets. Check on the bankruptcy board to see if your type of income is exempt from garnishment/levy.

The IRS only has 10 years from the date of assessment of extra taxes to collect. They only have 3 years from the due date of the return to assess additional taxes. It may be that the IRS did not assess the additional taxes soon enough, & is barred from collecting already. You can request a statement of account & the date they assessed you if you want to check. The taxpayer advocate's office should be able to help.

 

[Dolly1948]

Thanks to Everybody, especially Abezon

Thanks so much for answering my question. What a wonderful thing the internet is!
I've posted on other boards and everyone has been great! Thanks again.