My mom’s old company (she quit a year ago) apparently messed up either their tax reporting or withholding for the past several years (at least 3+). My mom got a letter from the IRS today stating she owes $60k to the IRS by the 26th. She called her old company and they confirmed this and she is not the only person that this has happened to. She has not yet called the IRS. My mom does not have 60k lying around.
What is the best way to go about this? I am having her call the IRS tomorrow. Do they do payment plans? What is someone supposed to do in this situation?
Edit: I looked at her form and it was specifically retirement income and her company did not withhold enough tax from that. The IRS bill identifies issues with her W2 and 1099-R.
Submitted December 02, 2019 at 08:41PM by irsmessupthrowaway https://ift.tt/37ZT4er
