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Hey Mahmud, thanks for your reply. Can you share what experiences you have to make you think that? It seems the IRS has one thing going for it (and against us)
by nestlequ1k 17y ago
Hey Mahmud, thanks for your reply. Can you share what experiences you have to make you think that?
It seems the IRS has one thing going for it (and against us), persistence. They don't forget old debts, pretty much ever. However, in terms of harshness, it doesn't seem like they are too bad. How do they extract money from you? They could seize my bank account, but then they'll get what I already owe them anyways. They can't take my car, house, etc, since I don't own any of it. And they aren't the type to break people's legs (at least, I dont think).
- mahmud 17y agoIf you really want to do this, sit down with a CPA and make sure you keep the IRS posted every stop of the way. My experience was that they were willing to seize my father's business and liquidate it, sending 12 employees and their families, not to mention my parents, into the street .. all for $80k.
- nestlequ1k 17y agoSorry to hear that about your father's business. Will definitely take your advise about talking with a CPA. I'm sort of operating on the assumption that the worst the IRS can do is seize assets, none of which I have. It's probably a stupid, naive assumption, which I'm sure the CPA will chew me out for. However, I figure it's better to pull this kind of crap when you're young :-)