What is the name of your state?What is the name of your state? CA
My financial life has been a disaster since a layoff and divorce in 1998.
I have tax debts from 1998 as well as 2000 (not yet filed) 2001 and 2002 (filed but not yet paid) with a total liability over $50,000 -- Federal and State (CA).
I again lost a job in 2000 and took money out of a 401k to pay debts and expenses (yeah, that was really a stupid thing to do!) Last year, I paid tax and the small refund was applied to my tax debt. I have been unemployed and working part-time, doing temporary work, with unpredictable income, averaging under $1,000 per month, since 2002... barely surviving, with insufficient income and assets to pay debts.
I filed a Chapter 7 bankruptcy (pro-se) in October with a large tax liability and $50k consumer debt... and had my 341 meeting two weeks ago -- the trustee reported no assets to distribute. My deadline for objections is mid-January, 2006.
I have no money to pay an Enrolled Agent or Tax Attorney... so I am going to have to do all this pro-se, by myself... but have plenty of time to devote to it.
I am in the process of getting my records together so I can file all my Federal and State tax returns in December.
Meanwhile, here are some of my questions:
1. Is anybody willing to share personal experiences about an IRS Offer In Compromise done with or without professional help?
2. Can I do an Offer-In-Compromise (OIC) while I am in bankruptcy, or must I wait for my discharge?
3. Should I file an Adversary Complaint in Bankruptcy court to get a judge's determination on the dischargeability of my tax debts? I was assessed over $50,000 taxes, but did not yet file for 1998 and 2000.
Any suggestions?
My financial life has been a disaster since a layoff and divorce in 1998.
I have tax debts from 1998 as well as 2000 (not yet filed) 2001 and 2002 (filed but not yet paid) with a total liability over $50,000 -- Federal and State (CA).
I again lost a job in 2000 and took money out of a 401k to pay debts and expenses (yeah, that was really a stupid thing to do!) Last year, I paid tax and the small refund was applied to my tax debt. I have been unemployed and working part-time, doing temporary work, with unpredictable income, averaging under $1,000 per month, since 2002... barely surviving, with insufficient income and assets to pay debts.
I filed a Chapter 7 bankruptcy (pro-se) in October with a large tax liability and $50k consumer debt... and had my 341 meeting two weeks ago -- the trustee reported no assets to distribute. My deadline for objections is mid-January, 2006.
I have no money to pay an Enrolled Agent or Tax Attorney... so I am going to have to do all this pro-se, by myself... but have plenty of time to devote to it.
I am in the process of getting my records together so I can file all my Federal and State tax returns in December.
Meanwhile, here are some of my questions:
1. Is anybody willing to share personal experiences about an IRS Offer In Compromise done with or without professional help?
2. Can I do an Offer-In-Compromise (OIC) while I am in bankruptcy, or must I wait for my discharge?
3. Should I file an Adversary Complaint in Bankruptcy court to get a judge's determination on the dischargeability of my tax debts? I was assessed over $50,000 taxes, but did not yet file for 1998 and 2000.
Any suggestions?