Submitted by ofmiceandmermaids t3_z8xe89 in personalfinance
93195 t1_iydspx7 wrote
So your fiancé owes 11 years of back taxes…..
The correct/legal thing to have done was report income, filing yearly and sending in estimated taxes quarterly.
He’s got 11 years to catch up on, although the statute of limitations may have passed on some of that.
Getting a mortgage will be difficult (impossible) until his tax problem is resolved, as no bank will touch someone with that much unknown tax liability, and he has no tax returns to prove income.
Best action is to contact a tax lawyer.
ofmiceandmermaids OP t1_iydtrf3 wrote
Thank you that makes since. He was in and out of the legal system until about 2019, but has been working steadily sense. It's honestly a huge mess so a lawyer makes sense. I'm new to all this so thank you for your help.
RockAndRollerGuy t1_iye965x wrote
The 10-year Statute of Limitations doesn't apply if you willfully failed to file a tax return. The clock starts ticking on the later of the date of an IRS assessment or when the tax return is filed. 11 years of back taxes are rightfully owed here.
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