I checked the mail today and there was a letter from the IRS, I opened it since seemed extremely important and he is out of town for work. (He's an independent contractor, files 1099) He'll be gone until the 13th.
He never filed his taxes for 2014. (We didn't meet until 2016 and he never disclosed this information to me)
A Breakdown of the letter:
- Original amount owed: $43,810
- No payments have been made (obviously, since he never filed)
- Failure to file penalty: $9,857.25
- Failure to pay penalty: $10,076.30
- Failure to pay proper estimated tax: $786.61
- Interest charges: $8,671.38
- Proposed amount due: $73,201.54
- He must file his return by 1/23/19 or they will file for him.
2018's combined income was about $60k since he was unable to find If both of our job situations stay the same, 2019's combined income will be about $150k. (neither of these number take taxes into account)
We have only been married for 6 months. I am FURIOUS. The penalties alone are equal to my yearly income. We were saving to buy a house, I guess that's not a thing anymore. We were also about 10k away from being 100% debt free. I had NO IDEA about any of this, if I'd known I wouldn't have married him until he got his shit together. I didn't think it was possible to feel this much rage towards the person I decided to share my life with! Side note, last week I was diagnosed with a chronic illness and was planning on going from full time to part time. Guess not :(
Do I try to find him an attorney? Will this affect my taxes at all? I'll be doing "married, filing single" since I'm a W2 employee. Is there any hope for us to not be in crippling debt for the next couple of years, or are we megafucked? Most importantly, what do we do?
Any help is appreciated, I have never been in a situation like this before and I'm completely lost. If more info is needed, I will gladly edit.
Submitted January 05, 2019 at 01:46PM by Throwforventing http://bit.ly/2Rbv4jF
