E
elvapet
Guest
What is the name of your state? IL
I need some good info on IRS vehicle seizure, what to expect and when.
I just started reading a book on resolving tax problems but it seems to not be helpful...
PROBLEM...my girlfriend of the last year bought a new car 6 months ago but a change of jobs requires her getting a car before the end of 2003 so she wants me to take over her payments (60 months, cost of the car $18,000) but I owe to the IRS a lot of money, about a years income in unpaid income taxes. I like to know what I am getting into before I sign documents.
I am attempting to work out a resolution with the IRS but until then I need to know...
what is the general rule for the IRS to seize vehicles? it is the only car I would own, needed to get to work.
what is the likelihood the IRS would/could seize it in the first year of payments?
...in the second year?
...in the third?
...in the forth?
...in the fifth?
...after it is paid off?
should i ask the irs?
how can I tell NOW what they IRS will do and will not do? how can I make sure I get fair treatment?
I need some good info on IRS vehicle seizure, what to expect and when.
I just started reading a book on resolving tax problems but it seems to not be helpful...
PROBLEM...my girlfriend of the last year bought a new car 6 months ago but a change of jobs requires her getting a car before the end of 2003 so she wants me to take over her payments (60 months, cost of the car $18,000) but I owe to the IRS a lot of money, about a years income in unpaid income taxes. I like to know what I am getting into before I sign documents.
I am attempting to work out a resolution with the IRS but until then I need to know...
what is the general rule for the IRS to seize vehicles? it is the only car I would own, needed to get to work.
what is the likelihood the IRS would/could seize it in the first year of payments?
...in the second year?
...in the third?
...in the forth?
...in the fifth?
...after it is paid off?
should i ask the irs?
how can I tell NOW what they IRS will do and will not do? how can I make sure I get fair treatment?