Owe Back Taxes?

IRS investigating $2 million in vendor payments at Seminole Tribe of FLorida
Federal prosecutors and the IRS are investigating billing irregularities at the Seminole Tribe of Florida involving more than $2 million in payments to vendors.

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State offers spare change for Williamson Act payments
SACRAMENTO — Need another example that California’s fiscal crisis has taken a turn for the absurd? Then consider that the state spent $1.

Read more on The Vacaville Reporter

Updated: IRS says it wants its share of BP payments received by oil spill victims
The IRS says that under current law, BP payments for lost wages are taxable — just like the lost wages would have been. The IRS says payments for physical injuries or property loss are generally tax free.

Read more on Mobile Press-Register

I recently was notified of an error on my 2006 tax return. After 1040x form, i owe $4,500 back!

Let say if I owe IRS $60,000.00 in total and I wanna do the installment plan, how much roughly I will need to pay per month?

Any related information would help, thanks.

A roofing company performed services on the roof of a property I own without my consent in order to get a rebate from the state electric company energy incentive program.A contract was issued & fraudulently signed by the contractor salesman and my tenants.This voided the warranty on my roof. I contacted the roofing company and they agreed to replace the roof, and I opted for a settlement for damages caused,equivalent to their cost of replacing the roof.They have given me a check for the agreed settled amount but requested that I sign a W9 in order to send me a 1099 next year. I have a problem with this as this is not income to me, but rather compensation for damages caused by their negligence for performing unauthorized services on my property.They insist they will file a 1099 and I am telling them I should not pay taxes for their damages. I have everything well documented and the backup from the Pwr/Light Co.HELP,what can I do what are my rights…I have not cashed the check.HELP HELP
MoB…..thanks for your answer. This was a mutual settlement out of court. Contractor did not want me to report him and offered to replace the roof, but since I had roofed the house (with another roofer 13 months prior) the roof was new…red shingles and they applied a white sealant over the new shingles that is not reversible, I requested a settlement for damages caused.Contractor paid what he said would cost him to re-roof so I am certain he would not have given me a W9 should I have reroofed. He received money from FPL from the energy program, and now he wants to benefit as an expense to me? Something is wrong here? If later on something happens to my roof, I will not be able to replace it for the amount he is paying since that is his cost but a fair settlement between us, and he has voided the warranty I had only 13 months before. I have the check and I want to stop this so it can be clarified. Can you offer more help…..please. I should have gone to court on this but nice me??

Hey Judy, get real!!
And Bostonia, when they say ” don’t pay for now ” what would YOU call that?
Thanks Wartz, your right but still I ask’ ” is that fair ?”

I received a full refund and have been making installment payments for more than a year, but others on here say the IRS will take the refund and apply it to your balance. I’m confused!