4 ms·
Well I hope your friend tried to work with the IRS. At the very least they can put tax debtors on a payment plan, but I would think that they could grant an exc
by evdubs 5y ago
Well I hope your friend tried to work with the IRS. At the very least they can put tax debtors on a payment plan, but I would think that they could grant an exception to your friend to have the gain and loss cancel each other out even if they took place during different accounting periods. Never hurts to ask.
- WalterBright 5y agoHe did reach a settlement with the IRS, after all, the debt was more than his net worth. But he still lost everything and wound up in a trailer.