Because of financial setbacks in 2006 and 2008, with my business losing clients because of the financial crisis, I was unable to pay all my federal income taxes
. Is there a statute of limitations
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: In 2006, I owed $9,763.62 which increased to 16,020 with penalties and interest
. In 2008, I owed $862.97, which increased to $1306.41. I currently have some major health issues, cannot work and am living solely on my social security benefits
JA: Is there anything else the Accountant should be aware of?
Customer: I have tried to pay the back taxes over the years but am at the point now where I cannot afford it. I have congestive heart failure, with a pacemaker/defibrillator implanted, type 2 diabetes, COPD, asthma, and sleep apnea. I see 3 specialists at least once a month at $35 copay to each. I don't qualify for disability
because of (1) my age and (2) my SS benefit is too high.