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Tax question......please help

We forgot to file two 1099's on our tax return in 2009. We took it to our tazx preparer last year and he told us we had 3 years to file it and he suggest we wait until the next year. So we did. Well we got a notice from the IRS in Nov. We have agreed to pay monthly installments. The tax is less than $1000. Do we have to pay this off before filing our 2010 tax return?

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Anonymous

Asked by Anonymous at 3:36 PM on Jan. 4, 2011 in Money & Work

Answers (4)
  • No, they might just garnish your 2010 taxes to get what you owe them
    mommy_of_two388

    Answer by mommy_of_two388 at 3:37 PM on Jan. 4, 2011

  • Contact the IRS and work directly with them. They agree to compromises all the time!
    tasches

    Answer by tasches at 5:38 PM on Jan. 4, 2011

  • Call the IRS 1-800-829-1040 - Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).
    rkoloms

    Answer by rkoloms at 11:37 PM on Jan. 4, 2011

  • No you don't have to pay it off before you file. Though if you are expecting a refund they might take out that $1000 and put it towards your back taxes.

    I also would think about getting a new tax adviser. That sounded like bad information that (s)he gave you.
    Erica_Smerica

    Answer by Erica_Smerica at 1:59 AM on Jan. 5, 2011

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