I owed over $1K in back Oklahoma state taxes and received a " final notice" from a law firm in OKC back in late September. I didn't have the cash so I filled out the coupon and sent the Law firm a 1099-A and the coupon. I received a certified letter from the Oklahoma Tax Commission. I now owe $0 in taxes. However, they did send a bill for $88 for late fees and penalties. Success!!
Share your success stories.
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I Also think that you giving the law firm 5% created a fiduciary obligation to them to work in your best interest that was a smooth move thanks for the information and coaching Chris and Crew!!
Perhaps. I’ll continue to use the same method.
I owe $58000 in loan I took For my Business ASP can I do that to pay it? That will be great. buy the way I'm 100% owner of this business.
Wonder if I should amend my LLC to show my Beneficiary name as the owner. If I did this could I then pay a business tax debt through a 1099-A?
Congrats!
Mad love for grabblers - they just could not refrain from assessing you penalties/interest on a zero balance due. lol. The final result minimizes most of the disgusting taste they leave behind though
No doubt. Like Chris always says "they'll collect...they'll collect".
Norman, the answer to your question is a firm NO. You're business is not the same number as your SSN.
Did anyone give you the answer?
I will think will be the same proses.
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Congratulation, must feel better to have that out of your hair.
When you sent the 1099a did you send them it to file or did you send them a form of one already filed?
In regards to the 1099a the lender, was the lender your name or the treasury name and address?
Congrats on getting those taxes paid!
Providing the 1040-V, 1096, 1099-A and OID hard copies likely helped a lot. I'm going to do that next time. Thank you for sharing 🙏
Do you think it is better to wait till this action goes into collections, or deal with the tax board directly. Just asking, cause I just received a similar letter from California, state franchise tax board.
Could you please show images of how you filled out each thing including the coupon?