. wrote:In another thread, the village idiot claims he has been dunned for 11 years of frivolous penalties for a total of $110K.
Village idiot wrote:I have filed using CtC for both me and my spouse for the following years (and it was a lot of work, let me tell you!): 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, and I have already pre-filed in anticipation for 2009. We now have a combined total penalty assessment of $110,000.00, not including penalty interest, which is running at about $726.00 for each passing month that we refuse to pay.
http://quatloos.com/Q-Forum/viewtopic.p ... 4&start=75
Here's the specific post. Very sad if he's telling the truth.
The answer appears to be 11 years @ $5,000 x 2 (primary and secondary) = $110,000.
In the post under discussion, I notice the following:
Weston White wrote:Since last speaking with you about this, we have received Final Notices of Intent to Levy for the following years 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, and 2008... our notice for 2009 is still pending. Though I really don't know how the IRS expects us to actually pay anything. Being that we live in a shabby little $600. a month run down 2 bedroom boxed-house we rent that was built in the 1940's, in a crummy part of town. We only have one vehicle, so my wife has to take the bus to work and back to her minimum wage job and I drive a 1994 Nissan Sentra POS that is actually a salvaged vehicle, I just finished paying it off about 2-years ago, it now worth about $500., if that (oh joy!). We have nothing else of value that we ourselves own. We can barely keep a couple hundred Dollars in the bank each month. No savings, no retirement, no IRA's, no vacations; we really have nothing of our own, and why? Because the IRS takes all of our money from us in taxes already... and what they want another $110-grand? I say good luck, ROFL.
That's the part that's sad (if he's telling the truth).
I find the emboldened text interesting. If Weston requested a Collection Due Process Hearing, and if he petitions Tax Court for judicial review of the Notice of Determination, he might stay any resulting levy until Tax Court upholds the determination.
If he did not request a CDP Hearing, he'll see a levy within thirty days.
Final Notice(s) of Intent to Levy are only issued when there's a levy source. In this case, it's likely to be a paycheck, and if the IRS levies his paycheck, reality will come crashing home sooner than Weston expects, and his wife may rethink her decision to stay with him.