I Owe $94,000 to the IRS!

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9 авг 2020

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Комментарии : 241

@DisabilityExams 3 года назад

He ran a business and didn't pay his taxes.

@deanalbertson7203 3 года назад

He probably needs to use the available deductions.

@cactaceous 3 года назад

Yup, just like the President of the United States and the CEO of Amazon and big business after big business after big business after big business...Then the middle class has to pay for them and small businesses sometimes to survive have to at times not pay up front. Probably like this guy. But billionaire? Oh, no, they don't need to at all. In fact, let's give them more tax cuts and immediate bailouts when the economy tanks. USA. You are just a pawn in the game.

@jacobg8640 3 года назад

@@cactaceous CEO's have to pay individual income tax if they receive compensation. Corporate profits get passed down to the shareholders aka you and me so it's nice not to get taxed twice on that.

@insideoutsideupsidedown2218 3 года назад

Jacob Greenstone your responding to someone who is just parroting MSDNC and has no clue what it takes to run a business.

@jacobg8640 3 года назад

@@insideoutsideupsidedown2218 Lol I know. I'm just really bored today. Wanted to see if there's a specific deduction or credit of tax law he doesn't like or if he has no clue what he's talking about.

@teemoe5937 3 года назад

Even the joker is scared of the IRS!

@Bondmanproductions 3 года назад

I’m crazy enough to take on Batman but the IRS?! Noooo thank you!

@prospersis4540 3 года назад

Just wiped my debt with the IRS this month!!!! That’s definitely a load off my shoulders!

@mistiinseattle Год назад

congratulations!!!

@MissHunterELA Год назад

I did tooooo! Just made the last pymt today actually. I owed about $2500 to those suckas. ($1600 from 2021, $882 from 2022). I didn't realize that late penalties were added daily.🫠🫠. I'm over it. Now to conquer the rest of these students loans + medical debt.

@steelunited1115 3 года назад

I owe the irs $1600 and I can’t sleep lol

@insideoutsideupsidedown2218 3 года назад

Get it paid, you are small potatoes, just get it done

@edwardfarmer4230 3 года назад

steel united 111, you should be able to pay that off, IN your sleep. Lol but seriously, small amount to owe, as long as you attack it.

@567Kriss 3 года назад

Beans and rice kiddo!

@ltnorbiit3020 3 года назад

Get it done before the interest eat you alive! Besides the IRS could garnish your wages so they’ll try to get every little penny out of you.

@glorymanheretosleep 3 года назад

Don't let the IRS get more. They are competent in what they do, don't believe any others that say otherwise.

@Elizabeth-yg2mg 3 года назад

The IRS will tack on penalties and late fees to the late taxes, but after you pay back the principal your accountant can write a letter requesting a refund of the penalties and late fees and the IRS generally gives those back. Call around your city to find a CPA who's experienced in this type of problem--it's well worth the money and something a layperson couldn't do on their own.

@engalvan 3 года назад

Elizabeth I paid principle and fees fines for my moms irs debt and then request penalty relief. They received request and am still waiting for reply 2 years later

@lionelluva 3 года назад

Great advice!

@Elizabeth-yg2mg 3 года назад

@@engalvan My CPA put "key words" into the request letter that triggered the IRS computer to kick my case out for refund. I don't remember what the words were and the letter looked a bit sloppy so I was doubtful but a refund came fairly quickly. She said she learned about this in one of her continuing education classes. This is why a skilled accountant is important; they can save much more than they cost and keep you out of trouble.

@LaPrincesaKarin 3 года назад

I didn't know you could request a refund of late fees and penalties, good to know 👍

@sydmaker4115 3 года назад

I guess he didn't get a stimulus check

@LetsTalkPersonalFinance 3 года назад

$94 000 is a ridiculous amount of money to owe to the IRS😂😭

@koreanplayboy 3 года назад

He probably was over leveraged and couldn’t catch up to his liabities in his business and couldn’t pay the taxes

@alladreamwedreamed 3 года назад

Precisely like dave said, they just make up an amount for non filings and its usually obscene, then they throw on fees. My CPA filed a few years of unfiled taxes and got the amount due down to like 10% of their made up assessment. There's sometimes amnesty programs popping up too. I would think there could be more amnesty upcoming as they get desperate to collect revenue.

@compoundinterestinsights 3 года назад

Let's Talk Personal Finance that’s what happens if you run a business and avoid paying taxes. I know a friend who pays more but obviously he files his taxes every year

@NSGLiv 3 года назад

I’d be on a plane out of the country so fast lol

@speakingtruths4215 3 года назад

WildBoy Liv Yes, avoid your real problems and run like a coward to a different country. Seems like such a manly way to handle a situation.

@royalredus 3 года назад

Chris Hogan did a great job of repeating what Dave said. It's so helpful to have him there.

@DrJack144 3 года назад

perkol8ter that’s what all of Dave’s personalities do. Yes people. They never disagree with him, ever.

@christineandrews6993 3 года назад

Chris is perhaps the biggest yes guy of them all. I feel others at least add some input but with Chris, he basically repeats what Dave said and maybe a line or two about being intentional (smh)

@royalredus 3 года назад

@@christineandrews6993 LOL yes to "being intentional"

@lionelluva 3 года назад

This is why you need to pay your taxes and stay on top of them. It'll always comes back to haunt you.

@rory644 3 года назад

True that, its always on the system just waiting for you

@bosshismoney4424 3 года назад

Owing the IRS is no joke, get a great tax professional

@TortoiseCashFlow 3 года назад

We watched the video

@notmebutyou8350 3 года назад

I agree. Unfortunately, I know.

@ramonuy5567 3 года назад

Jail Time ??????

@insideoutsideupsidedown2218 3 года назад

No, on jail time. They want the money, not sending you to federal prison where they end up spending money on you.

@alextogo8367 3 года назад

@@ramonuy5567 stripped away anything you have till you pay back or till you're dead. Adding up on interest on your debt.

@queen.kristal8395 3 года назад

U should have never done taxes on your own if you make $200k or more a year.the more money u make the more difficult the filing taxes become.hire a accountant and see the reviews before hiring.also hire a tax attorney to help you with this mess.

@KS-cl8br 3 года назад

It's not that hard, it's just math. Not hard to calculate assuming you don't have rental properties income or something complicated.

@queen.kristal8395 3 года назад

K S it doesn’t matter what type of income it is.when u have a business you get tax differently than a regular job.

@KS-cl8br 3 года назад

@@queen.kristal8395 I know that it's not hard. I am familiar with state tax (my previous state) and federal tax and social security self employed tax. It's different but you can learn it if you take the time. I don't know how to do the depreciation which is why I said not real estate income, it's probably not too bad I just can't speak to it.

@dgr8oneme 3 года назад

What if you are a CPA and earn more than 200k a yr? Or what if you earn $199,999 a year?

@queen.kristal8395 3 года назад

dgr8oneme lol if your a cpa u can still do your own taxes

@GoldEagleX 3 года назад

As a tax preparer for the past two years, I hear some people say, "Oh, I didn't file that year because I knew I would owe." Come on people! Either hire people like me or buy some software, just do it! Putting it off only accrues interest. I heard a guy lost his house to the IRS because he didn't file properly for 5 years.

@johnstack5008 3 года назад

Also a bad tax preparer can mess you up.

@jeepaz79 3 года назад

I hate it when people just keep talking and talking dammm lol

@deeu757 3 года назад

I’m a CPA and my advice is to hire a good CPA who is an expert in dealing with the IRS and filing an amended return before hiring a tax attorney. A tax attorney charges more and what you need right now is to file the amended return and correspond with the IRS with the help of a great accountant.

@jabari441 3 года назад

Dave Ramsey always giving golden advice! 🔥 Huge Fan!!!

@JadeTrading 3 года назад

👍 Thank you for sharing

@Kysen10 3 года назад

Owing the IRS is the worst kinda debt, you'll get locked up if you don't pay.

@juniorgod321 3 года назад

Nah! Owing me money is much worse than that!

@michelarosier1918 3 года назад

😳😳😳

@CaseyBurnsInvesting 3 года назад

One thing both political parties can agree upon is we hate the IRS.

@halohadel 3 года назад

you sure about that?

@AaAa-ri4uf 3 года назад

I remember when Ted Cruz was talking about getting Rid of the IRS and they called him an evil man..... so I unfortunately disagree

@JustineCarissa 3 года назад

LOL 😂

@user-yr3uj6go8i 3 года назад

The Democrats would do anything to raise taxes.

@EastCoastReefer 3 года назад

Aren’t the left always trying the sic the IRS on the wealthy?

@menumlor9365 3 года назад

Fun fact: Many young pro athletes owe money to the IRS. it’s mainly because they didn’t know Uncle Sam needs his cut of your earned income.

@djohnson-ku4cl Год назад

Shaq had this problem.

@sydmaker4115 Год назад

Like which people

@menumlor9365 Год назад

I don’t need to tell you. Just it up. There are countless examples including famous and well known athletes. Or just watch 30 for 30 broke.

@djohnson-ku4cl Год назад

@@sydmaker4115 Shaq O'Neil lectures about this.

@brianpitsilides5337 3 года назад

Takes render unto Caesar to a whole new level of irony

@numanuma20 3 года назад

Lol

@ImSoReadyToRetire 3 года назад

Exactly and Caesar is going to get his one way or the other and it will be brutal!!!!

@user-hd8ej8yx9p 3 года назад

He was like: i'm Caesar!! oh wait, who's Caesar??? Jesussshelppppp

@insideoutsideupsidedown2218 3 года назад

Yeah, like repaving all,the roads out of Rome into the now defunct empire

@tomaitoe 3 года назад

Hilarious 😂

@michelarosier1918 3 года назад

Wow, I don't ever want to be in that position to own the IRS. 😳

@christophercrawford2323 3 года назад

Even not paying your city or occupational taxes penalizes you. I didn't know there was occupational taxes until a few years later. They add interest every month for every year you are behind.

@HomeTeamRock 3 года назад

Dang! It shows me how blessed I am with theses calls coming in

@ericeandco 3 года назад

My first choice would be a tax attorney for that kind of debt. But if you’re already working with a CPA or an enrolled agent that’s fine. You have to amend the taxes first. Try to get the debt to 50k then get on a payment plan. Make sure to keep your taxes, including estimated and the payment plan current. If the payment plan isn’t feasible you might consider an offer in compromise. It’s not a sure thing but if they grant it, you’d pretty much get a fresh start. Be warned it’s a low acceptance rate and you have to come up with the payment of the offer.

@livefreewithcalebd 3 года назад

WOW!!! Just WOW!

@gmosha1 3 года назад

Never owe IRS no matter what!!! Them guys don’t play.

@Sombra_Azul_ 3 года назад

100%

@alextogo8367 3 года назад

Yeah. Their penalties are absurd.

@PInk77W1 3 года назад

I owed the IRS $1200. Back in 1990. I pulled out my credit card and paid them. LoL.

@michaelwoods4495 3 года назад

I've found the IRS to be reasonable and even helpful, but not the automatic letters that the computer generates or the low-level flunky who'll call you first. But when you get to a real Revenue Agent with knowledge of the tax law and power to act it'll be different.

@cheesebear3353 3 года назад

How about pay your legally required estimated payments just like the rest of us have withheld from our paychecks,

@peter1062 3 года назад

@Sir We Are About to Die You are absolutely right! You are completely ignorant.

@mattcrouch9348 3 года назад

Sovereign citizen has entered the chat.

@HamiltonRb 3 года назад

Sir We Are About to Die Income tax was brought in after WW1 to pay for the war but once the government had the money rolling it they never stopped

@dgr8oneme 3 года назад

So without the income how does the government build the infrastructure you need?

@Kevin_Roche 3 года назад

@Austin Duke Show a source or it's not true.

@Sexy40baby1 3 года назад

My decision is made. I'm running away from folks with mountains of debt. I can't see the clouds due to all this.

@machintelligence 3 года назад

The IRS isn't always right , either. Some decades ago they denied an interest deduction on our joint tax return. It was interest on a home loan in my wife's name (we kept properties in separate names as we were both self employed and were guarding against having any possible liability claims going after all of our assets.) The IRS never looked for a statement of interest paid from the bank in her name and social security number, only in mine. Fortunately she was a practicing tax attorney at he time and a CPA -- but it still took over a year to get them to admit their mistake. They sent us multiple letters demanding payment.

@sweetshopadmin7779 3 года назад

Wow SuperWife to the rescue lol what do you do for a living?

@JK20239 3 года назад

Deliver pizzas..... little caesars style lol

@lady56725 3 года назад

Lol

@ChrisMFlorida 3 года назад

Gold Joshua..... G O L D.

@thecatnextdoor12 3 года назад

For a 100k, needs to deliver more than that.

@grantfolds3261 3 года назад

Chris you should be the voice in documentaries

@05subisti 3 года назад

Is this inception?? Seeing a Dave Ramsey add on a Dave Ramsey video. I wasn't sure if RU-vid was glitching or if it was really an add. Haha.

@MixedFitBeauty 3 года назад

It's ad mom

@dominicankid1001 3 года назад

This dude got out of control

@bleepbloop9123 2 года назад

I inherited some money from my family that passed away & honestly didn’t know I had to pay taxes, no one mentioned it to me…I felt so stupid & just want to say always assume you have to pay taxes on everything!!

@Talkinglife 3 года назад

Good video

@CerronPritchett 3 года назад

KGB oh I mean the IRS wants 94k from this guy but Hank Paulson made 200 million and paid no taxes what a joke.

@dafeaki911 3 года назад

I’ve always wondered but does Dave mute the call at the halfway point or just hang up? Lol

@jtim83 3 года назад

Yup he does😂. I noticed him pushing this button when he’s done listening to folks

@DeionSardines 3 года назад

jtim83 probably just muting/putting them on hold because sometimes he asks the caller to stay on the line because they got something for them

@MrPeterschmit 3 года назад

Every man wishes he had that mute/hang-up button. Or is it just me ?

@dannygg8758 3 года назад

I'm, pretty sure it just mutes their voice.

@scuba535 3 года назад

He mutes them. I’ve seen at least one video where he brought them back to ask a question.

@scaldon2 3 года назад

You own tge IRS . You run and pay them

@jpdst29 3 года назад

I’ll never understand why people try to talk over Dave and give more information than is necessary or blather on about useless information. Be succinct and get to the point. They are calling him for help so let the man speak. Smh.

@Laure_Travels 3 года назад

he said he was nervous in the beginning

@DavidGeorgiaPersonalFinance 3 года назад

If this was my client, he'd be off the phone with me and on the phone with one of my tax people that I'm networked with lol.

@markyouneva7840 3 года назад

The IRS owes me money so I've been sending them quarterly statements with a bunch of made up penalties and interest. I would ask them to take Dave's advice and hire a good tax attorney.

@samlogosz8422 3 года назад

It's kind of funny to push someone's buttons but the KGB.😀

@mrenae6798 3 года назад

😂

@shutupandeatasmr4498 3 года назад

I am always confused AF when people avoid taxes?!? I have two uncles (one on each side of my fam) who just thought they could not pay taxes for 6 years. Can an idiot-...i mean...individual who has done this explain WHY you wouldn’t pay taxes in the past?!? Do you think the IRS won’t find out orr???

@marcusvision 3 года назад

Same reason why some people work cash only...under the table. And the messed up part is , they wait till you're waist deep in it to tell you owe I'm sure.

@marcusvision 3 года назад

@Sir We Are About to Die I believe I seen a comment on RU-vid along the lines of if you use a federal note, you are then required to pay tax on it.

@johnmarks714 3 года назад

In this PDF, is an explanation of IRS authority to collect taxes is on page 1 "Contention: The filing of a tax return is voluntary."

@InvalidFingerprint 3 года назад

@Sir We Are About to Die well we do have representation, so quoting the revolutionists doesn't make sense...

@PInk77W1 3 года назад

I had a neighbor who told me he hasn’t paid taxes in 40yrs. I said “better u than me.”

@sorctime4023 3 года назад

I owe both the IRS and CA a total of $65,000 this september.

@PInk77W1 3 года назад

I hope u are rich

@ChrisMFlorida 3 года назад

Spend 2k on the ELP and 2k on the tax attorney.. Dave Ramsey style!

@codys5727 3 года назад

Nobody screws as hard as the government

@eddiekulp1241 3 года назад

Cant relate to people that didnt pay taxes i paid mine. He knew what he was doing all people i know that had this problem knew better

@johnstack5008 3 года назад

For some types of income the tax code can be very complicated. Like your tax preparer taking "grey area" deductions that the IRS decides you can't deduct. Then you owe a big bill to the IRS with interest and penalties.

@TheNabilshow2 3 года назад

The best advice I can give is: Get a certified CPA or Tax advisor to help you file. The money you pay them is an investment, learn from them on how to file, learn how to build your fiscal Balance Sheet and get your income right on the forms. After that, you can do it by yourself and just check proof it with your personal accountant. Good luck.

@mememefirst 3 года назад

94,000 to IRS and not in jail? Good Lord..

@ericeandco 3 года назад

Don’t forget to address the states.

@ronash465 3 года назад

IRS = I R Scared

@musicpro7278 3 года назад

That's lame IRS= IM REALLY SCARY

@NeoAndersonReloaded 3 года назад

Know the income tax law. Oh yea there isnt one.

@Indyzato 3 года назад

How much do you make to owe $94,000? That would be about 17-18 years of taxes for me.

@lorraineowens9547 Год назад

Tax attorney or tax professionals to figure out taxes.

@mxerb5912 3 года назад

Sold his car at CarMax for 6500 means it was probably worth 12000

@eileeneclark9011 3 года назад

8/11/20....Obviously this nervous/neurotic caller is NOT the brightest bulb in the chandelier.....

@Justin-jn5wm 3 года назад

When did shaq join the show?

@JohnnySmoove 3 года назад

People are so careless. no wonder why these Americans are losing their lives.

@michelleeaton6602 3 года назад

I felt nauseous reading the title of this video.

@dollarcostbackpacker1226 3 года назад

IRS an euphisim for drug addiction or gambling debt!?

@user-eu2me4bp7j 3 года назад

Build the wall!!!

@acewings221 3 года назад

If i owed 94k to the IRS i’d just fake my death and move to Thailand

@edwardlopez9061 3 года назад

Who doesn’t like ladyboys right?

@markyouneva7840 3 года назад

@@edwardlopez9061 don't you mean ladybugs?

@samlogosz8422 3 года назад

😀

@alextogo8367 3 года назад

That's if they don't get a hold of your passport and seize your funds first.

@koreypaul6698 3 года назад

@@markyouneva7840 sure, like the ladybug from A Bug's Life...

@thelastmemphian 3 года назад

Lol i work for the IRS and i wish i was on this guys case

@thelastmemphian 3 года назад

Perry Lin to be honest, i was well connected. Someone told me about a hiring surge and i jumped on it. The government hires a lot of people though. Look on usajobs. But my job is very engaging and pays very well. Big Problem with the gov is that dumb people dont get fired

@ep9321 3 года назад

What would you do if you were on his case? Lol

@herbertscott9575 3 года назад

@@thelastmemphian Requirements?

@insideoutsideupsidedown2218 3 года назад

You of course know then about the taxpayer advocates office within the IRS?

@herbertscott9575 3 года назад

@Sir We Are About to Die Those aren't requirements, those actually violate discrimination laws. Are you an employee with the Revenue Service?

@MrOfficer235 3 года назад

I would move to Canada

@umairahmad4711 3 года назад

Earned income = Higher taxes Unearned income = Low taxes

@KS-cl8br 3 года назад

Not right but that's how they do it.

@lifestylewithmommynelly 3 года назад

Problems I try to avoid 😫😫

@orenges 3 года назад

Everyone owes IRS A Columbine

@John3.36 3 года назад

After we die, what happens to us?

@inorbit5701 3 года назад

Whatever dude

@anadaker3939 Год назад

Never take tax advice from a guy who filed for bankruptcy for millions of dollars. You don't need a tax attorney. You can get a tax professional like a CPA who specializes in individual tax returns or an Enrolled Agent (EA). You would fill an IRS Form 2848 for Power of Attorney and Declaration of Representative to authorize an individual to represent you before the IRS. I seriously doubt that an amended return (1040X) will wipe out this guys balance to zero because it sounds like a Schedule C sole proprietor business and he didn't report all of his gross income or can substantiate his expenses. A lot of the calls on the Dave Ramsey show are staged and not real people or situations.

@DanielGarcia-zz9eg 3 года назад

What business was he running ?????

@MixedFitBeauty 3 года назад

Boats and hoes

@eddiejohnhurst1 3 года назад

I owe $260 lol!!!

@sickofyou277 3 года назад

What we should be talking about is how to abolish earned income tax. Why are we taking this theft thinking its ok.?

@gurjantsandhu 3 года назад

They are Brutus, Ceasar you are gonna get stabbed. Get professional help asap.

@rayn1ful 3 года назад

what the heck is an IRS?

@rayn1ful 3 года назад

@Faffy in Canada we call it revenue Canada , i thought it was called revenue USA, if they call it irs how do you know what country your paying taxes to ?

@caseys.7804 3 года назад

@@rayn1ful the IRS (Internal Revenue Service) is in the US that makes sure all the taxes are collected and paid. If the taxes aren't paid, interest can be added on and/or jail. If taxes aren't done correctly or at all (like this caller), the IRS can pick any amount and tell them how much they owe. Understandably, no one wants to ever owe to the IRS.

@rayn1ful 3 года назад

@@caseys.7804 shoulnt the country name be in it , we have Revenue Canada , should be United States revenue service ,

@caseys.7804 3 года назад

@@rayn1ful I wouldn't think so. The US government has many different services that they provide, IRS being one of them. It would be redundant to have "United States" for every service.