Talk About Marriage - View Single Post - Newbie here and I'm petrified. IRS tax levy

fama volat · 11-27-2009, 02:01 PM

HappyHer, thanks for replying. I know it sounds stupid that I didn't know anything. However, to me, it is simple common sense that a person takes care of their finances responsibly. I was raised that you pay cash or you go without. You play by the rules. Debt is paid first and whatever is left over is what you live on. This is how we've managed our finances the first 20 years of our marriage. This is where my mistake begins. I assumed he would handle things the way I did for the first 20 years.

Beginning in 1994 we had 4 kids (a set of twins) in less that 5 years. When he went into business for himself in 96 I went back to work nights 3am-11am in 97 when the youngest was 2.5 and the twins were 6 months old to help out. I asked him in 99 if it was OK for me to quit work as I was expecting our fourth and working nights and getting 5 hours sleep in split shifts wasn't helping me. It was then that I told him I couldn't do everything. If he could take over the finances it would help. It never occured to me that he wouldn't take out for his taxes, etc. Not once did he EVER let on that there were problems. I feel like the last 10 years was all a big lie.

I'm guilty for being stupid and not asking to see anything but had no reason to think things weren't being taken care. He is a financial adviser for Christ's sake! Even when I did start asking questions I couldn't get anywhere. I'm trying to hack into his email accounts, rifling through desk drawers, asking for keys to the lockbox-everything.

We have an appointment Tuesday to speak with someone and I hope it isn't too late to keep the IRS from freezing what pittance we do have. I'm really concerned about our house though. We have about 112,000 in equity which is enough to satisfy whatever back taxes he owes. I never thought at the age of 50 I would be starting completly over with four children with the economy in shape its in.

11-27-2009, 02:01 PM	#3 (permalink)
fama volat Registered User Join Date: Nov 2009 Posts: 3	Re: Newbie here and I'm petrified. IRS tax levy HappyHer, thanks for replying. I know it sounds stupid that I didn't know anything. However, to me, it is simple common sense that a person takes care of their finances responsibly. I was raised that you pay cash or you go without. You play by the rules. Debt is paid first and whatever is left over is what you live on. This is how we've managed our finances the first 20 years of our marriage. This is where my mistake begins. I assumed he would handle things the way I did for the first 20 years. Beginning in 1994 we had 4 kids (a set of twins) in less that 5 years. When he went into business for himself in 96 I went back to work nights 3am-11am in 97 when the youngest was 2.5 and the twins were 6 months old to help out. I asked him in 99 if it was OK for me to quit work as I was expecting our fourth and working nights and getting 5 hours sleep in split shifts wasn't helping me. It was then that I told him I couldn't do everything. If he could take over the finances it would help. It never occured to me that he wouldn't take out for his taxes, etc. Not once did he EVER let on that there were problems. I feel like the last 10 years was all a big lie. I'm guilty for being stupid and not asking to see anything but had no reason to think things weren't being taken care. He is a financial adviser for Christ's sake! Even when I did start asking questions I couldn't get anywhere. I'm trying to hack into his email accounts, rifling through desk drawers, asking for keys to the lockbox-everything. We have an appointment Tuesday to speak with someone and I hope it isn't too late to keep the IRS from freezing what pittance we do have. I'm really concerned about our house though. We have about 112,000 in equity which is enough to satisfy whatever back taxes he owes. I never thought at the age of 50 I would be starting completly over with four children with the economy in shape its in.