Question for the Money Doctors
Question submitted on Jun 18, 2014.
QuestionIm retired since 2010 .chapter 7 granted the 1st of January 2009. I have an insurance life policy that the irs says i owe 76,000. If this is true what % of said amount of tax i have to pay the irs. I.m retired and on ss only for income. Please advise my options? thank you S rector
Hi, thank you for the question. I'm afraid that I don't have enough information to give you a proper answer though. In fact, if the IRS says that you owe $76,000, then you need to seek a tax professional in your area as soon as possible. Visit www.findacpapfs.org to find a personal financial specialist in your area.
For additional information visit http://www.360financialliteracy.org/