Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I have filed bankruptcy on my discharge they have IRS ace…

Customer Question
I have filed bankruptcy...

I have filed bankruptcy on my discharge they have IRS ace support stop5050 what does

Accountant's Assistant: The Expert will know how to help. Please tell me more, so we can help you best.

On the discharge they have IRS ace support stop 5050 does that mean the debt is discharged

Submitted: 10 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 8 minutes by:
8/25/2017
Tax Professional: Barbara, Enrolled Agent replied 10 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,188
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

ACS means Automated Collection Systems (ACS).

5050 is the IRS field office that issued the letter.

Can you upload a copy of what you received?

Thank you.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

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

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.WMatteson, 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.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, 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.

OrvilleHesperia, 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!!!!

AlexLos 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.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I need to calculate the average daily collected balance for
I need to calculate the average daily collected balance for a month … read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
Can you file bankruptcy on federal tax debt. Its for
I was in a non collectable status until april of this year… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
S Corp. 50/50 stock franchise. Filed personal bankruptcy and
S Corp. 50/50 stock franchise. Filed personal bankruptcy and discharged in March. Irs tax liens. One for payroll tax from 2009. Still operating and current. Bank lien on property in 2011. For credit l… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I collect Social Security and work part time. With
I collect Social Security and work part time. With collecting Social Security I have a limit on what I can earn which is $17,040.00. Can I work more hours and add to my 401K plan and it not effect wha… read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
My question is regarding collecting sales tax. Is that
My question is regarding collecting sales tax. Is that something you can answer? … read more
Bryan M.
Bryan M.
Owner
Masters of Accountancy
148 satisfied customers
I never received a copy of a 1099c form from my bankruptcy
I never received a copy of a 1099c form from my bankruptcy how do I get it … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My parents filed bankruptcy on credit card debt and other
my parents filed bankruptcy on credit card debt and other debts. They did not file form 982. The credit card company sent them a 1099-C with code G. Can they just check Box 1A or do they need to fill … read more
Barbara
Barbara
Enrolled Agent
6,188 satisfied customers
I received a payment from an involuntary bankruptcy case
I received a payment from an involuntary bankruptcy case this year. Social security and medicare were deducted from the payment by the court. How do I declare these deductions on my 1040 form? … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Do I report the loss of a stock due to bankruptcy as a sale
Do I report the loss of a stock due to bankruptcy as a sale without proceeds? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I filed Chapter 7 Bankruptcy in VA 12/28/2016. The Court
I filed Chapter 7 Bankruptcy in VA 12/28/2016. The Court discharged the Bankruptcy on 4/5/2017. I have the completed Form 982 and the Notice of Discharge from the Federal Court. What effect does this … read more
Carter McBride
Carter McBride
LLM
1,153 satisfied customers
I filed bankruptcy in 2017 and I need to know if there is
I filed bankruptcy in 2017 and I need to know if there is anything special I need when I file my taxes. … read more
abci168
abci168
Principal
27 satisfied customers
I received a 1099 C because I filed bankruptcy and was
I received a 1099 C because I filed bankruptcy and was trying to fill out form 982 to exclude it from my income. I filled out the form but it is still listed online 21 as other income. I thought after… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If a person files for chapter 7 bankruptcy in 2017 and the
If a person files for chapter 7 bankruptcy in 2017 and the debt is discharged in 2017, and no 1099's show up from the banks in January, February, March, or April of 2018, does that person still need t… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Business filing chapter 7 bankruptcy, has not filed Tax
Business filing chapter 7 bankruptcy, has not filed Tax Returns as of yet due to filing won't actually occur for another two weeks. What should we do in regards ***** ***** the Tax? We can't apply for… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,047 satisfied customers
In 2017 I filed Chapter 13 bankruptcy. Are there any
In 2017 I filed Chapter 13 bankruptcy. Are there any additional forms I must file with my 1040 return this year?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I filed bankruptcy 18 years ago against the IRS due to a
I filed bankruptcy 18 years ago against the IRS due to a divorce for the amount of $18,000.00 I am due to get a inheritance of over $600,000.00 in the next year or so. Will I still be liable for the I… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,395 satisfied customers
We are an SCorp if we file bankruptcy chapter 7 we don't
We are an SCorp if we file bankruptcy chapter 7 we don't want to reorganize. We have about a $60,000 taxes that we are paying payments on for employer taxes. Can this be claimed in our bankruptcy. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,047 satisfied customers
I had Chapter 7 Bankruptcy discharge in 2017 part of which
I had Chapter 7 Bankruptcy discharge in 2017 part of which my Line of Credit was discharged, however, I received 1099-C with a code F in Box 6 ( By Agreement) and Box 5 "Personally Liable repayment of… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x