So I am in some deep waters with the IRS, I didnt file for about 7 years and they now want me to file

[Martin Everson]

You all are making him more nervous than he is . Best advice for him is to sell evert get out of country and try to talk to an attorney to fix this problem

He would need to ask Joe Biden for a presidential pardon like he did for his son for his tax evasion and gun charges. Otherwise its not gonna end well for OP sadly.

--- quote start

For the tax charges, Hunter Biden faced up to 17 years in federal prison and $1.35 million in fines. His gun-related conviction carried a potential of up to 25 years in prison.

--- quote end

 

[bubbledouble]

Yeah, unless you are the son of Joe Biden right now, it won't go away, sadly.

 

[Davis123]

He would need to ask Joe Biden for a presidential pardon like he did for his son for his tax evasion and gun charges. Otherwise its not gonna end well for OP sadly.

--- quote start

For the tax charges, Hunter Biden faced up to 17 years in federal prison and $1.35 million in fines. His gun-related conviction carried a potential of up to 25 years in prison.

--- quote end

 

[Davis123]

He would need to ask Joe Biden for a presidential pardon like he did for his son for his tax evasion and gun charges. Otherwise its not gonna end well for OP sadly.

--- quote start

For the tax charges, Hunter Biden faced up to 17 years in federal prison and $1.35 million in fines. His gun-related conviction carried a potential of up to 25 years in prison.

--- quote end

Pays to be a President’s son . Trump is getting off from his tax problems too for years

 

[GF150]

Perhaps nobody reminded Joe that Hunter was his son. Otherwise he wouldn't do that, no, he wouldn't, righteous honest man that he is.

 

[Matade]

"you owned a house last week."
"no idea what you are talking about, i own nothing *smirk*"
"you are going to federal prison for tax evasion."
"Oh."

So? Prison is not life sentence. He keeps the stuff, that's what matters. Besides, he should hire a good lawyer.

 

[drysponge]

Prison is not life sentence. He keeps the stuff, that's what matters

You operate in the imagination

 

[Offshore Traveller]

Maybe OP is on something that we are not aware of in this forum, after all :
https://www.cnbc.com/2024/12/05/irs-crackdown-on-wealthy-americans-faces-roadblocks-.html

 

[Martin Everson]

Maybe OP is on something that we are not aware of in this forum, after all :
https://www.cnbc.com/2024/12/05/irs-crackdown-on-wealthy-americans-faces-roadblocks-.html

OP has already been contacted by IRS so its a wrap sadly . Jail awaits and it could get worse if he waits it seems. Best he seek professional advice.


------ quote start

Under current law, a person who owes federal taxes and fails to file a tax return can only be charged with a misdemeanor in most cases. If they are convicted, the misdemeanor offense is punishable by a term of imprisonment of not more than one year, and a fine of not more than $250,000, or $200,000 in the case of a corporation, or both.

But according to the Treasury’s new proposal, “any person who willfully fails to file timely required tax returns in any three years” out of five, and whose unpaid tax bill in that five-year period adds up to at least $250,000, “would be subject to a new aggravated failure-to-file criminal penalty.”

In these cases, the offense would be classified as a felony, and would be punishable by a term of imprisonment of no more than five years, a fine of up to $250,000, or $500,000 in the case of a corporation, or both.

---- quote end

 

[Alonzo]

But according to the Treasury’s new proposal, “any person who willfully fails to file timely required tax returns in any three years” out of five, and whose unpaid tax bill in that five-year period adds up to at least $250,000, “would be subject to a new aggravated failure-to-file criminal penalty.”

In these cases, the offense would be classified as a felony, and would be punishable by a term of imprisonment of no more than five years, a fine of up to $250,000, or $500,000 in the case of a corporation, or both.

I feel bad for OP… he’s very likely screwed

 

[Matade]

You operate in the imagination

Explain how, please.

 

[Davis123]

OP has already been contacted by IRS so its a wrap sadly . Jail awaits and it could get worse if he waits it seems. Best he seek professional advice.


------ quote start

Under current law, a person who owes federal taxes and fails to file a tax return can only be charged with a misdemeanor in most cases. If they are convicted, the misdemeanor offense is punishable by a term of imprisonment of not more than one year, and a fine of not more than $250,000, or $200,000 in the case of a corporation, or both.

But according to the Treasury’s new proposal, “any person who willfully fails to file timely required tax returns in any three years” out of five, and whose unpaid tax bill in that five-year period adds up to at least $250,000, “would be subject to a new aggravated failure-to-file criminal penalty.”

In these cases, the offense would be classified as a felony, and would be punishable by a term of imprisonment of no more than five years, a fine of up to $250,000, or $500,000 in the case of a corporation, or both.

---- quote end

I remember some guy ran away to some country and came back after 20 years and he was filing away too from there after his earlier fiasco but they got him for old records .

 

[undercover]

I remember some guy ran away to some country and came back after 20 years and he was filing away too from there after his earlier fiasco but they got him for old records .

really, 20 years after? OP you better get a good tax attorney to help you out or leave the USA for the rest of your live.

 

[Davis123]

really, 20 years after? OP you better get a good tax attorney to help you out or leave the USA for the rest of your live.

I wasn’t talking about myself. I read this somewhere. Some had problems living in Panama too years ago when IRS came after them in Panama. It was all over news.

 

[undercover]

Still there is no way to hide from tax dept in the USA thanks god I'm not a citizens there.

 

[Davis123]

Still there is no way to hide from tax dept in the USA thanks god I'm not a citizens there.

Yep my suggestion to OP was either get a good tax lawyer ( ambulance chaser will drip him dry ) or get out of USA while he can.

 

[newbieshore]

I wanted to get your thoughts on a matter I'm dealing with. To keep it brief, I used to generate significant revenue when the market was strong I’ll admit, I think I got a bit lucky back then. However, my current income is nowhere near what it used to be, and I find myself unable to pay even a quarter of what I owe the IRS.


Do you think this situation might support a case for a letter of compromise? I’d really appreciate your insights, especially considering all the recent changes.

 

[Martin Everson]

You started the thread in Nov 12 2024 then vanished and came back in 7 Mar 2025

Then you open a thread below with same post above. This thread is now closed.

Thread 'The IRS agent who was auditing me is getting fired today, can this benefit me in any way ? I owe them north of 500k'

Friday at 22:49

I wanted to get your thoughts on a matter I'm dealing with. To keep it brief, I used to generate significant revenue when the market was strong I’ll admit, I think I got a bit lucky back then. However, my current income is nowhere near what it used to be, and I find myself unable to pay even a quarter of what I owe the IRS.


Do you think this situation might support a case for a letter of compromise? I’d really appreciate your insights, especially considering all the recent changes.

• newbieshore
• Replies: 5
• Forum: Tax, Accounting, Licensing & Legal

•