I am a business owner and I am having an issue with getting paid for my services that have been completed. My husband was a business owner (both of us in construction) and recently had to shut his company down to to an issue with the IRS. I have done work for one of the same companies that he has in the past. His company was issued a levy and the levy was also send to the General Contractor that I am doing the work for. The General Contractor is now holding my funds and refusing to pay until they hear from the IRS. Meanwhile there is no paperwork filed against my company for a lien or a levy by the IRS. This GC is just not paying me. I have hired a CPA to help us and he flat out told us that what this General Contractor is doing to us is ILLEGAL!! Because of this we have gone bankrupt. We are losing our house, our cars and have had to seek counseling becuse of the amount of stress that this is putting on our family. We do have a 20month old daughter and in less than a month we will have no place to live, no vechicles and be completely broke. I am in a situation where the only thing I can do is hire legal counsil to get our money. We are owed over 0,000 and we don’t think we will see a dime unless we get legal counsil. Can I sue them for withholding funds? Can I sue them for emotion distress? How much can I sue them for? I need some advice!! Please help me!!!

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I have completed all my back tax returns but have not yet filed them (2005-2008) and have come up with a tax owed of around ,000 which will surely be at least -,000 by the time penalty and interest are added in. My 2004 returns shows me owing ,000 and the IRS has already started the levy process against my personal income last week but made an error on the form so I have dodged a bullet until they get it corrected.

I spoke with the IRS this morning and told them how much my gross and taxes were for the 4 years I haven’t filed and they have asked me to fill out a collection information statement form 433F and have given me until Monday to call them back and give them the info on the phone.

Due to some huge unpaid medical bills, my debts outweigh my assets by at least 3 to 1 (assets ,000, debts including ,000 tax are around 0,000).

I have around ,000 cash saved, and ,000 equity in my house but cant find a lender because my credit is terrible.

Any suggestions? Will the IRS be able to give me an installment plan or could I opt for an offer in compromise? Or is bankruptcy an alternative?

I have never been in such a poor financial condition in my life.

Thanks.
Can I possibly do and offer in compromise? I realize now that federal taxes can not be discharged in a bankruptcy. Can the IRS do an installment agreement for ,000 or is the maximum ,000?
Thanks for all the advice but please get off your pulpits. Facts only please, no criticism. I know the situation I am in and how i got here. You dont need to remind me and/or accuse me. I just came here for answers. So lets stick to the answers people.
Any answers about the possibility of Offer In Compromise?
Can I do an installment contract for ,000 if I can pay it within 3 years?
AFTER I FILE ALL RETURNS DUE AND OWE ,000, CAN I GET AN INSTALLMENT AGREEMENT? IS IT POSSIBLE?

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