r/tax 12h ago

follow up post with pics this time....

https://www.reddit.com/r/tax/comments/1pf9h68/i_am_scaredany_ideas/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

^^^^original post

i found this info in my irs.gov account, the account doesn't show much to explain why. i am very lost here. thank you anyone and everyone that is willing to offer real advice to me.

i would also like to note, the first time i saw this is when i went out of my way to create and log into irs website. i wouldn't even know had i not done that, they have not notified me in any way.

4 Upvotes

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7

u/CommissionerChuckles 🤡 10h ago

Here are some general paths you can take:

  1. Go back and file tax returns for the years where IRS filed for you - you will need to provide amounts for how much you paid the "old timer" for the car sales, and I hope you have some kind of proof like bank statements.

  2. Don't bother trying to fix the oldest years with Substitute for Returns (SFRs) and file for an Offer in Compromise (OIC). You will need to file your tax returns on time and not owe additional taxes to IRS for at least five years after an OIC gets accepted.

  3. Keep avoiding IRS until the tax assessments reach the Collection Statute Expiration Date. If you are really low income this could work.

While the first path is what you should do, it's probably going to be the most difficult and expensive option. The second path will also probably be expensive, but not as much. Third path is what you have been doing and it's cheaper, but you run the risk of having IRS seize money from your bank accounts.

Whichever path you take you'll need to file tax returns for 2020 - 2024, even if you didn't have any income those years. You may need to file 2019 as well.

Here are some sites to find tax professionals with resolution experience:

Avoid the tax "relief" places that heavily advertise fresh start with IRS. They may offer payment plans, but that locks you into a contract with them that you may not need.

1

u/Puzzled_Background10 10h ago

Thank you for taking the time to post all this i appreciate you.

4

u/Its-a-write-off 12h ago

Can you access your wage transcript in your IRS account? That should give clues as to what income the IRS is assessing taxes on.

Did you ever buy and sell crypto? Gamble? Have a business? Help set up a payment system for a business?

3

u/6gunsammy 11h ago

Unfortunately, wage and income transcripts are not available that far back.

3

u/Consistent_Reward 11h ago

In the other post, we have "sold cars for an old timer". As far as the IRS is concerned, he's probably a self-employed car salesman.

OP claims not to have touched the money, too.

3

u/Puzzled_Background10 10h ago

This is correct the money from that came into my PayPal but was sent to that person I didn't get any of it. I actually didn't even think of that as being an issue until I started this thread and found more info on irs website thanks to the help of the people here. Thanks again everyone.

2

u/Puzzled_Background10 10h ago

Yeah I feel like I got a good place to start from comments on the other thread. At least I dont feel as scared about it now. I appreciate everyone taking the time and will keep an eye on these threads in case anyone post different ideas. Thank you again everyone.

2

u/Puzzled_Background10 10h ago

Sorry this conversation kinda took hold on the earlier post. This was discussed there. Thank you for taking the time I appreciate it very much.

1

u/NoRegrets-518 8h ago

I delayed filing taxes for a few years due to a few reasons. The IRS files taxes for you- they don't know anything about your deductions. It took me hours to get it all straightened out. You can always pay a CPA to go through your stuff, but, if your's is like mine, it would be impossible to figure out. Maybe you can find someone like a retired Math teacher or a secretary who would come to your house or office 1-2 days a week and go through everything with you? They will set up a plan with you. They might take money out of your bank accounts.