Q: After unemployment I lived off of and opened a business that failed on my 401K.I owe $15,000 in fees
Are there any programs from Obama that can help me?I am broke & can not afford an attorney or a big tax bill.What can I do?
A: You might qualify for an Offer in Compromise. Check out the IRS website and go to Offer in Compromise. If you are single and your present gross income is less than $49,000 then you might very well qualify if you don't have any other assets for value. Then maybe you can settle for a lot less.
A: I agree with colleague Mr. Moore, you may speculate on Offer-in-compromise. Good luck
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