How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Robin D. Your Own Question

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 7412
Experience:  15years with H & R Block. Divisional leader, Instructor
14155347
Type Your Tax Question Here...
Robin D. is online now
A new question is answered every 9 seconds

I am disabled with bipolar and I toook 23000 out of my 401k

Customer Question

I am disabled with bipolar and I toook 23000 out of my 401k due to hardship. The IRS says I owe 11000 including the 5000 they gave me back on 2011. Will I be able to get one of those tax attorneys to make it less like they advertise. I have tons of medical bills and household bills of people taking care of me and I cant afford this what do i do?
Submitted: 1 year ago.
Category: Tax
Expert:  Robin D. replied 1 year ago.

Robin D :

Hello and thank you for using Just Answer,

Customer:

hi

Robin D :

You do have options and an Offer In Compromise (which is what you deiscribed) is one

Robin D :

Hi

Robin D :

But

Robin D :

First you would need to set up a payment plan

Robin D :

The IRS would not even look at an OIC unless you do.

Customer:

i cant get it reduced. and what is a oic

Robin D :

Offer In Compromise
They generally approve an offer in compromise when the amount offered represents the most they can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer in compromise.

Customer:

would getting a tax attorney who tries to reduce the amount be a good idea

Robin D :

The payment plan is required first. You set up saying you will pay so much and then after it is accepted you can ask for the Offer In Compromise(OIC) to pffer an amount less than the full tax due.

Robin D :

You can get an attorney but get one you already know if you can

Robin D :

Those pennies on the dollar adds are not right

Customer:

what kind of a payment should i be allowed to make

Robin D :

Whatever you can realistically afford. I have asked for Installment payments for people at $15 a month

Robin D :

Apply for an installment agreement


Customer:

even when they owe 11000. also will this be put on my credit report and do they take the amount every year for your income tax refund. also do i need a attorney

Robin D :

Yes to all except the attorney. A good tax preparer can assist you with the forms if you want for the Installment. A CPA or enrolled Agent would be able to assist with the OIC (and would be less expensive).

Customer:

should i just to it myself and agree with the 20 payment a month. And would I have to pay interest. also would a cpa have a better stance on reducing the total amount

Robin D :

A CPA would be bale to look at the return info and advise if you di not take all the deductions you were allowed or if you truly owed less but they cannot get the IRS to just reduce the amount of tax. You should set up the Installment amount your self (as long as you know the amount is correct that you owe). Have a professional look at your returns and make sur ethe iRS is correct in their assessment , then set up the Installment Agreement.

Robin D :

be able* sorry not be bale

Customer:

why do lawyers advertise to reduce tax liabilities

Robin D :

I do not know why they would do that, I know the IRS has issued warnings about the ads that promise pennies on the dollar for reductions of tax owed.

Customer:

thanks

Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 7412
Experience: 15years with H & R Block. Divisional leader, Instructor
Robin D. and 7 other Tax Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.