@JVille wrote:
DO you have a CPA that was involved with the Tax Issues and is familiar with your BK and the specifics of the State & Federal taxes you wrote off vs your current tax situation?
A letter and info provided by a CPA would provide what the UW is looking for.
As another poster wrote earlier, I am also surprised that you had the ability to wipe out Taxes to the Feds thru a BK Action. Including the Tax liens in the BK does not = IRS going along with that action. Possibly this is what is going thru the UW mind.
I did not have a CPA that handled my personal taxes. Any taxes associated with the business I ran, were not included. This was my own personal tax liability, as a result of the income genertated through the business.
The tax liability was wiped out through the BK. The tax liens came after the BK, for the tax amounts I was able to wipe out through the BK. My BK attorney essentially told me, even though the tax libility itself was wiped out, the IRS could still attach to my assets for the value of the taxes I wiped out. Trust me, this boggled my mind too. I did not own any real estate or significant assets at the time. Fast forward from around 2012 (which is around the time the tax liens appears in my mailbox) until today, I guess the IRS decided that they could not attach the liens to anything or collect anything of significant value and just released them all, within the last couple of years.
I am not so much worried about the tax debt being the issue, as I am........that, I gave the UW the lien releases....but the lien releases, which are the real proof that the tax liability is no longer attacheable or collectable....does not appear to be enough to satisfy them.
I'm just very stressed and not sure what else I can do, other than just...wait and see what may be asked of me, beyond what I have already done and provided. The silver lining is, at least I will eventually know what needs to be taken care of, if anything.
