Hoyt, KS asked in Health Care Law and Tax Law for Kansas

Q: I signed up for ACA health insurance when I was unemployed, early in 2018. Then I landed a job with insurance. Now I owe

15 k to IRS and 8k to is. HELP! I am 65 with no savings. I work full time.

Related Topics:
2 Lawyer Answers
D. Mathew Blackburn
D. Mathew Blackburn
Answered
  • Tax Law Lawyer
  • Englewood, CO

A: You likely received a subsidy and then had income that exceeded the allowable amount under the subsidy.

Go to irs.gov and pull forms 9465, 433F, and 433D. Fill them out and mail them in and mail the first two payments, the third should be auto debited from your account.

Or hire a tax attorney to resolve it.

Bruce Alexander Minnick agrees with this answer

Linda Simmons Campbell
Linda Simmons Campbell
Answered
  • Tax Law Lawyer
  • Burlington, CT

A: If you cannot afford to repay the amount monthly (the IRS will want around $210 a month) then you will likely need to hire an attorney to help you come up with a collection alternative which can be currently not collectible status, an Offer in Compromise, or a partial payment installment agreement.

Most of us offer a free consultation and can give you an idea of what would be the best collection alternative. Just stay away from the places you see advertised on TV.

Bruce Alexander Minnick agrees with this answer

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.