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Uncle Sam-not Invited To Christmas!

Mneoguy profile photo
  • Tuesday, December 14, 2004 @ 05:55 PM EST
  • 2 Comments
This my not be a question directly related to REI but for me it is indirectly causing a problem. I have a home that I rent to my parents (yes, my parents-I have a slight negitive cash flow so I'm helping not taking advantage here) but they have had problems paying rent do to past sales taxes from previous business - now bankrupt. Here is the breakdown: after paying for 4 years they still owe: 1,759.43 debt 417.19 intrest 716.00 penalty I have offered to pay the total debt for them if they could get the total discounted. A phone conversation w/state of Mich revealed that they would probably drop the penalty if I sent a check for 2,176.62. Does anyone have any advise in dealing w/state issues? Would they go for less?
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  • blueford
    blueford14th December, 2004
    0
    Reply

    Settling for 75% isn't bad. I would take it and run unless you have reason to believe they don't owe the tax. The government doesn't really have any reason to forgive tax - they don't need to create any goodwill with the "customer"

  • Mneoguy
    Mneoguy14th December, 2004
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    Reply

    Thanks for the advice

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