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IRS Audit — estimated tax penalty avoidance

Started by newbie_worker_GA · Nov 13, 2023 · 1,690 views · 21 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
NW
newbie_worker_GA OP

Quick background on my situation — any input appreciated.

estimated tax penalty avoidance. I've been dealing with this for about 15 weeks now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

Should I hire a lawyer for this or try to handle it myself?

AW
anon_worker_GA

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

NH
need_help_buyer_MA

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

HM
help_me_employee_2022

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

FK
FreelancerKate

I've seen this play out several times in my field.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

OD
OpenSourceLawyer_Dan

Not a lawyer, but I have direct experience with this.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

RE
RemoteWorker_EU

I've dealt with this before.

What worked for me was having everything documented. It took 3-6 months but was worth it.

OD
OpenSourceLawyer_Dan

I've seen this play out several times in my field.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

WB
worried_buyer_WA

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

RM
RestaurantOwner_Miami

I went through almost the exact same thing.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

RM
RestaurantOwner_Miami

I went through almost the exact same thing.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

DI
desperate_investor_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

HM
help_me_trader_2022

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

PB
PatentAgent_Boston

I've dealt with this before.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

ES
eComm_Seller_2022

Not a lawyer, but I have direct experience with this.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

PN
Photographer_NYC

Not a lawyer, but I have direct experience with this.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

RM
RestaurantOwner_Miami

Been there. Here's what I learned.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

DP
desperate_parent_WA

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

TA
TenantRights_Advocate

I've dealt with this before.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

TA
TenantRights_Advocate

I went through almost the exact same thing.

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

ND
newbie_driver_NC

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

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