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PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4674
Experience:  35 years tax experience, including four years at a Big 4 firm.
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I have a tax debt from a partnership sale from 2004(20000.00).

Customer Question

I have a tax debt from a partnership sale from 2004(20000.00). The IRS and CA FTB have been harassing me for years. I am now retired taking care of an older friend (87) living on my SS retirement of 869.00.I own nothing except two 15 year old cars. Will they take them?
Submitted: 2 years ago.
Category: Tax
Expert:  PDtax replied 2 years ago.
Hi from just answer. I'mCustomer and can assist. First, you might find that the tax debt is uncollectible. IRS has ten years to collect, so if you filed your 2004 by 4/15/15, IRS might be barred firm collecting due to the statute of limitations on collection.
Expert:  PDtax replied 2 years ago.
Sorry, you would have to have filed by 4/15/05, then it would be uncollectible after 4/15/15.
Expert:  PDtax replied 2 years ago.
CA has a twenty year statute. The good thing is they are not allowed to collect from social security, and might consider your vehicles not worth the $$ to pay the repo guy to get and store your cars. You might be effectively uncollectible for both.Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer