Thread: Tax help plz

I just got a letter from irs stating I own xxx amount plus interest & penalties. It's a corp. account but I haven't done any business for that year, nor earn any income and haven't filed a return. what should I do, I don't believe I own them anything, but how do I prove it?

While I am a big advocate of doing as much of your own tax work as you can once you start getting letters from the irs that include penalties you probably are going to need help.

First thing is contact the irs and explain that the corp was not active and did not have any income for that time period. If they give you an easy way to fix things such as filing a return for that period than you are good to go. If you get any other response then you really need to contact a local tax attorney.


Whatever you do, do not ignore the letter. The irs does not play nice when they get ignored and you do not want to wake up one morning with all your accounts frozen.

You probably want to get some advice from a CPA. I'm not sure what the fees and penalties are for, but you may be required to file something if your corp has not been dissolved.

A CPA will know what is going on and if they have made a mistake. Also having the CPA respond for you will probably be helpful.

you still got to pay a penatly. i had to do the same thing. even though we all know you had to make something or spend something on the biz. no bothers tho just pay the penatly it should be 50 bucks but varies from state to state.