What is the name of your state (only U.S. law)? Texas
I owe the IRS between $9,000 - $10,000 because when I filed my 2012 taxes, I did not include a distribution I took from my late father's beneficiary IRA. I fully knew what I was doing, and it was just a tough time in my life, being unemployed, and trying to get by. Anyway, I just didn't think the IRS would catch it, but obviously they did.
I was thinking about going to one of those tax debt settlement places, but I thought better of it. I am going to fill out all the appropriate paperwork and send in my application for an OIC to the IRS. I will be able to send them the necessary 20% of my offer and application fee! but I was really hoping somebody could give me some pointers when filling out the forms/application. Most importantly, how much should my offer be? I was thinking of offering $2,000 (to be paid in full within 5 months). Is that an appropriate amount? I make $90,000 a year, and I have a mortgage ($750), car payment ($350), and some pretty hefty credit card debt (trying hard to pay off quickly).
I really want to do good by this, but I just don't have the $9K to pay. I know the IRS only accepts 1/4 of all OICs submitted, but I'm hoping you can help me with my case.
I appreciate it in advance!
CPD
I owe the IRS between $9,000 - $10,000 because when I filed my 2012 taxes, I did not include a distribution I took from my late father's beneficiary IRA. I fully knew what I was doing, and it was just a tough time in my life, being unemployed, and trying to get by. Anyway, I just didn't think the IRS would catch it, but obviously they did.
I was thinking about going to one of those tax debt settlement places, but I thought better of it. I am going to fill out all the appropriate paperwork and send in my application for an OIC to the IRS. I will be able to send them the necessary 20% of my offer and application fee! but I was really hoping somebody could give me some pointers when filling out the forms/application. Most importantly, how much should my offer be? I was thinking of offering $2,000 (to be paid in full within 5 months). Is that an appropriate amount? I make $90,000 a year, and I have a mortgage ($750), car payment ($350), and some pretty hefty credit card debt (trying hard to pay off quickly).
I really want to do good by this, but I just don't have the $9K to pay. I know the IRS only accepts 1/4 of all OICs submitted, but I'm hoping you can help me with my case.
I appreciate it in advance!
CPD
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