I need to talk to someone about and IRS problem I am having, received a tax
bill for old (2002) employee taxes, and I'm worried, need to know my options. It's roughly $11,000 plus added interest of another $6,000. Isn't there a statute of limitations? They already filed liens
several years ago, but I have no property work speaking about for them to levy. Worried about having my wages garnished if I continue to ignore it. I tried a payment plan several years ago, and paid $200/month, but they added more interest than that back on each month so I was going nowhere. I eventually filed CH13, but did not follow thru with that, but they left me alone for the past 6 years, until now.
I'm wondering if I set up another payment plan, would there be a chance of paying the minimum $25/month for the rest of my life, just so they will leave me alone? Should I take a chance and wait it out for the statute of limitations? If they would drop the tax liens, I would be more likely to possibly get a loan to pay it off, but credit sucks now and I can't even get a credit card. Any way they would drop the interest? I know this is a lot of questions without you knowing more information about my finances, but I don't know where to start. I'm scared to call them and ask questions.