Sorry, but if the IRS says you owe it, you owe
Posted By: MT/ME on 2006-03-06
In Reply to: IRS says I owe $$$ for self-employment tax (sm) - need some moral support until I call
it! Hire an accountant or preferable tax lawyer ASAP. Good luck to you. Since its from 2003, I'm sure a large share of the $$ is in penalties and fees. Great trick of the IRS - they wait a few years to supposedly catch the error, then a tiny error can be compounded into a huge financial disaster for the tax payer. But they are nicer these days and take monthly payments...
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