gottago wrote:Since the IRA only paid a portion of the liablity the interest has continued to add up and with the additional liability due to the levy the total amount I owe is more now than it was when I submitted the OIC.
Yes, but that had nothing to do with the IRA funds being levied. An unpaid balance is still going accrue interest and penalties (until the penalty maximum is reached). But I assure you that whatever balance you owe today would have been far more if the IRA funds were still in your control. That is just the mathematical reality.
Considering that we have already paid about $110,000 for the years in question I really don't think anyone is or has been covering for me.
Yes, the compliant taxpayers have to cover for whatever you still owe in the form of government borrowing. And consider that if all taxpayers were compliant we would be able to push for lower tax rates.
The errors have been addressed and corrected by the attorney but since the Appeals only made the termination related to the liens/levies the OIC is still out there somewhere waiting for the returns to be processed that are now assigned to audit reconsideration. No communication from an "offer specialist"--just the Appeals Officer and the RO.
Earlier you had made the point that someone had come up with a "reasonable collection potential" which suggested that someone in the IRS had looked at your financial statements and OIC and had made a determination. Now you seem to be saying that no one has contacted you about your OIC. Which is it?
Have you submitted a copy of the original OIC to the Appeals Officer? He or she has the authority to make a determination of the offer's merits and propose acceptance as part of Appeals's responsibility to resolve your tax situation fully.
Being homeless without a car does not seem "reasonable" to me.
I doubt it will come to that - unless you have equity in your residence that the IRS could seize and sell to apply to the tax liability. If that were to happen, you and your husband would be able to move into an apartment or a smaller affordable home that you rent. Given your tendency to exaggerate the circumstances facing you, I think that you are intimidating yourself into not resolving your tax situation. You gave us a number of arguments about how impossible it was to reconstruct the trading records and to file amended returns. The minute you stopped listening to yourself and started listening to the advice given here, you quickly saw some hope and daylight on that front. Yes, you had to do some hard work to make that a reality but still you were able to do *something* to turn that issue around. I am suggesting that you do something similar on the employment front.
They can consider whatever they want--that still does not give me any money to give them.
And they will, not because they "want" but because financial reality dictates that you can be employed - not merely on your terms.
I did not voluntarily become unemployed
Which has nothing to do with the situation - it is your voluntary decision to not seek employment outside your immediate geographic area.
and, hard as it is to believe, I can not find a job.
It is not hard to believe, given that you are only seeking employment under a narrow set of criteria. I could be unemployed also if I set the bar as high as you have.
I know another person here (no IRS issues that I know of) that was fired by the Army 10 months ago and she is still unemployed. She is actually more marketable than me because she does family practice but has no prospects here.
Again, not unbelievable. But not 100% unemployable.
There are jobs elsewhere in the state but I am not exactly in the position to move.
Again, per your decision and the criteria you have set. But it is good to see that you are acknowledging that you could get employment if you really set your mind to it.
