Appearances
Taxes
Answers to Your Tax Questions
Posted by Jean
April 15th is quickly approaching, and as I mentioned in yesterday’s post, we spent over three hours answering your tax questions this morning as part of Today’s tax hotline. Here’s a video of just a few of the callers we helped today:
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I believe knowing how to manage our money is one of the most important life skills for adults - and even more important to pass on to our kids.
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My husband & I owe the IRS approx. $49,000.00 in back taxes. My husband did real estate for 12 yrs. and we also started our own remodeling business about 4 yrs. ago. Our tax debt has become overwhelming. We have been doing installment agreements since 2005. I feel like the debt will never go away. A couple of years ago we sold an investment home that appraised for $1.1 mil for $567,000. With the market crashing we had no choice. Our 2009 tax returns show an income of approx (-) $570,000. We hoped that with all this our tax debt would become zero. Do you have any suggestions? I always see ads for tax relief/settlement companies but do not know who to trust. Please advise.