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

[newbieshore]

I am honestly worried this could destroy my life and hold me back for 2 decades, I must owe around 500k once all filed, they now want to see my wifes income as well, bills, savings, bank accounts, and income. I was not doing well at all and my bank statements show it, I barely started doing well again started making sales and I can either run them via my wife or me should I put all income via her ? I have a young daugher, we just got a house via an investment I had that I sold, all these problems with IRS were before I got married to my wife.

I will most likely have to pay them monthly but I am scared they will want a high amaount and with a mortgage and bills and a kid this will crush me I do plan on doing a letter of compromise

Has anyone been in this situation ? Any advice ? What steps did you take so that the IRS gave you a low monthly bill and settled for a lower amount in the future. Your advice would be HIGHLY appreciated.

(I did hire an attorney but not sure if it will help)

I have a piece of land that if I sell I can offer that profit to the IRS, just waiting for it to sell.

 

[ChadMuska]

Did you forget your user credentials? https://www.offshorecorptalk.com/threads/abandoned-llc-troubles-visiting-us.46533/#post-329136

Either way, you have my sympathy. The US’, scandinavian countries’ and the Spanish’ tax authorities are the ones you would want nothing to do with at all. 500 000 usd because you forgot to file is ridiculously harsh, 25k is already steep as it is. I was surprised what @Martin Everson brought up.

Good news for you though is that Russia is looking for westerners at the moment. And being in debt isn’t a crime, so I’m not sure if they’ll deny you residence because of it. Maybe that’s something you can look into.

 

[Davis123]

Did you forget your user credentials? https://www.offshorecorptalk.com/threads/abandoned-llc-troubles-visiting-us.46533/#post-329136

Either way, you have my sympathy. The US’, scandinavian countries’ and the Spanish’ tax authorities are the ones you would want nothing to do with at all. 500 000 usd because you forgot to file is ridiculously harsh, 25k is already steep as it is. I was surprised what @Martin Everson brought up.

Good news for you though is that Russia is looking for westerners at the moment. And being in debt isn’t a crime, so I’m not sure if they’ll deny you residence because of it. Maybe that’s something you can look into.

You want this poor guy to move to Russia like Edward Snowden ? . Maybe he can get a good tax attorney for plea bargain.

 

[Davis123]

I am honestly worried this could destroy my life and hold me back for 2 decades, I must owe around 500k once all filed, they now want to see my wifes income as well, bills, savings, bank accounts, and income. I was not doing well at all and my bank statements show it, I barely started doing well again started making sales and I can either run them via my wife or me should I put all income via her ? I have a young daugher, we just got a house via an investment I had that I sold, all these problems with IRS were before I got married to my wife.

I will most likely have to pay them monthly but I am scared they will want a high amaount and with a mortgage and bills and a kid this will crush me I do plan on doing a letter of compromise

Has anyone been in this situation ? Any advice ? What steps did you take so that the IRS gave you a low monthly bill and settled for a lower amount in the future. Your advice would be HIGHLY appreciated.

(I did hire an attorney but not sure if it will help)

I have a piece of land that if I sell I can offer that profit to the IRS, just waiting for it to sell.

I think you need to get yourself a good tax attorney. It will cost you but you might get help this way

 

[wellington]

I will most likely have to pay them monthly but I am scared they will want a high amaount and with a mortgage and bills and a kid this will crush me I do plan on doing a letter of compromise

Well, first of all reach out to them openly, and say you want to conclude this period amicably for the Gov, and for your family.

 

[GF150]

I don't know if this is possible but, if I were you, I'd try to buy some time, e.g. 2-3 months and see if the new Trump Administration will not, by any chance, look at your case differently. Just thinking....

 

[JohnnyDoe]

This lawyer can help you: https://www.talktoataxlawyer.com/why-talk-to-a-tax-lawyer/our-team/

 

[Davis123]

I don't know if this is possible but, if I were you, I'd try to buy some time, e.g. 2-3 months and see if the new Trump Administration will not, by any chance, look at your case differently. Just thinking....

I doubt it. He is promising to do away with CBT which I doubt tax attorneys and cpa associations will let him pass. IRS knows already we are not worthwhile targets. It’s just these lawyer lobbies who want these laws to make their money plus keeping rich Americans away from fleeing USA like other rich westerners are.