Betty The Restauranteur

[Mental_Mouse]

I'm not surprised Betty's still doing a juggling act, the question is how long can she keep it up...

The problem is, she thinks it's a juggling act, where every time a plate or cup comes down she can send it into the air. The question is, is she actually capable of paying off her debts under the terms she has (or any terms, for that matter). From the story so far, I'm not sure she has the metal capacity to do so even if she potentially had the financial capacity.

Frankly, leaving forclosures this late was not necessarily a kindness -- she's surely going to lose the home and restaurant (and be dead broke), but I suspect that the longer this goes on, the deeper the hole she and her hubby will find themselves in.

[eltf177]

I see Betty's house of cards come crashing down and in the not-to-distant future...

[Deserted]

At this rate, I vote "forever".

[eltf177]

I'm not surprised Betty's still doing a juggling act, the question is how long can she keep it up...

[Crai]

My understanding of the IRS is if an employer withholds the Tax’s and you have proof they did so then it is on them to forward those Taxes to the IRS. If they fail to do that it is not the Employees responsibility to recover the moneys, it is Tax fraud on the part of the employer and the IRS will nail them for it.

Look at it like this, you pay the casher for your food, you get a receipt and food. The Casher pockets the money, Manager comes out says where is the money. Are you responsible or is the casher? You have the food and a receipt, how are you still responsible?
I went through something similar to this at a place I worked.

[Ghel]

For the month of June, Betty's checking account was overdrawn. But she must have made enough during the "Patriotic Days" (as our town calls their Independence Day festival) to bring her account back in the black.

[Seanette]

Been a while since we heard anything about Betty. What's she currently up to? Still managing that juggling act?

[taxguykarl]

So, TGK, tell me how much trouble she can get in for that, you seem like the guy that would know.

All kinds of monetary penalties and interest, needless to say.

[eltf177]

That would explain why they haven't moved in yet, as long as the turnip is yielding some blood let's not kill it until it stops yielding completely...

[Ghel]

Betty is still making monthly payments to the IRS and the state Department of Revenue, although I'm not sure if that's for back taxes she still owes them, or if that's for withholding from employees' paychecks. It seems awfully high if it's the latter.

[eltf177]

So, TGK, tell me how much trouble she can get in for that, you seem like the guy that would know.

Personally, based on Betty's behavior over the years I'm shocked the IRS hasn't swooped in by now!

[Tama]

So, TGK, tell me how much trouble she can get in for that, you seem like the guy that would know.

[taxguykarl]

IIRC, she is still paying on withheld income taxes.

[Tama]

How long did it take her to pay those taxes from 3-4 years ago? lol

Doesn't surprise me a bit.

[eltf177]

Thanks.

And the 2015 deadline is fast approaching, somehow I don't think Betty will be paying on time again this year...