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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 10173
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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4179 ( last 4 digits) I owe back federal income taxes. I

Customer Question

My name is Marcia *************....4179 ( last 4 digits) I owe back federal income taxes. I asked an IRS consultantant, Jeri ********8, from Tucson and she set up a monthly payment by dividing what I owe by 20 years and came up with a figure of $520. automatic withdrawal from my checking account. (I was not advised how she came up with the $520. a month.) I receive $997. social security and I get an oil royality check that various every month from right now about($1600.) to $6000. I'm 80 years old and can afford $550.00 a month. Can you please release the automatic payment from my bank, Wells Fargo or reduce the payment
to $150.00 I will pay more when I have more. Its my duty to pay my bills. my birthday iis *********. My address is *********. Thank you and I hope I hear from you. Marcia ***********
Submitted: 9 months ago.
Category: Tax
Expert:  Lane replied 9 months ago.

I'm so sorry Ms. Hutchinson, you've reached JustAnswer.com; a web site that matches experts in tax, finance, legal and other areas to answer questions from users such as yourself.

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But we are not IRS, Social Security or any other Govt agency.

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You certainly CAN negotiate that amount down with IRS if you can document that you cannot afford the payment.

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Would you like my help with that?

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