IRS problem.?

Question:

I had some problems with the IRS for a couple of years way back in the late 1980's. Due to very limited income and several layoffs I have not been able to do anything about paying on it. Same thing now, working but not enough money to make a contribution. I did buy a house two years ago (with borrowed money for down payment) and I am worried that the IRS is going to come after me. Any suggestions on which way to go to get this resolved. I tried to negotiate with them one time and they told me no deal that they would get it some day. I don't even want to think how much it is now with penalties and interest.

Answer:
The IRS has a 10 year statute of limitations from the time taxes were assessed to collect the tax. Unless you have agreed to an extension, the statute of limitations from the 1980s is expired.

If you want to stop worrying, hire a representative to inquire from the IRS if there are any back taxes still owed. I wouldn't deal with them directly since you don't want to give them any indication that you agree to an extension.

And do file and pay your current taxes. If you don't, the IRS could seize your assets.

Just file your taxes like you should, and make sure that you actually pay taxes now. No point in digging a deeper whole for yourself. If you are due back anything at the end of the year, expect them to take it. You can try again to make a deal with them now, but if you are just making enough to get by, then they might now even bother you.

why dont you just pay your taxes...talk about skanky.

PS i didnt order the package they just sent it to me after i cancelled my membership.

IRS problem.?

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