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"First Time"? does that mean if he filed with the IRS for decades on time then did not for 5 years that would be counted as his "First Time" which would be forgiven?
I called an EA and was told that he handles delinquent taxes over five years old. He referred me to a EA that can submit OICs. I then called that EA and he said that although my cousin is in the hospital, he has too many assets to qualify for an OIC, and that he can help us with verifying and...
o.k. How about this link? https://irs.treasury.gov/rpo/rpo.jsf Of course I'd have to ask if they dealt with OICs, delniquencies, short-term washes, etc.
Oh. I'll have to carefully shop for the right representative. Is there a professional organization/website that has a list of representative? I live in Nevada.
All total from 2014, 2015, 2016, 2017: $75k. $50k tax, $25k penalties.
3/4 of this is from 2015 alone where my cousin played with short term trades on an ETF stock, raking windfall profits, then losing all by the end of 2015, without knowing the IRS washes out short-term repeated losses on...
What's an EA? OIC?
Due to head injuries my cousin cannot stay awake very long. He's very incoherent. I have his power-of-attorney to pay bills, etc.
I got the IRS bill on Monday. It's due Jun 12.
We don't have the funds to pay the amount.
I wonder how many weeks do I have until the IRS...
What is the name of your state?Nevada
My cousin had a bad motorcycle accident over a year ago and is still in the hospital. He worked under the table, received social security, and used savings to dabble in the stock market. He did not file 2014-2017. I filed his 2018 tax returns, paid it, and...
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