A retired couple paid a tax relief company $10,000 to get their IRS debt put into "currently not collectible" status. The IRS gives that status for free, based on income. Damon Day and I walk through how that happens, the one question to ask any tax relief company before you pay, whether old IRS debt can go in bankruptcy, and the enrolled agents most people never hear about.
Then this week's real debt chats: a student loan scam voicemail, credit repair that filed fake identity theft, Zelle, being sued and choosing between bankruptcy and debt settlement, a security clearance, the extended car warranty sold under pressure, and Social Security with 15 personal loans. No shame and no judgment in any of it.
Chapters:
0:00 Paid $10,000 for what the IRS gives free
1:37 Can old IRS debt go in bankruptcy?
3:04 One question for any tax relief company
4:52 Enrolled agents: help most people miss
5:24 This week's real debt chats
6:34 A student loan scam voicemail
8:27 The debt collector's long pause
11:13 Credit repair that filed fake identity theft
11:59 Zelle: who pushed send?
14:53 Who really steals your identity
16:30 Sued: bankruptcy or debt settlement?
20:48 Security clearance and bankruptcy
21:55 Not "bankruptcy for everyone"
23:55 The extended car warranty
25:42 The pre-checked shipping protection box
26:04 Is a car warranty ever worth it?
27:54 My $50 brand-new engine
30:38 Social Security, 15 loans and "judgment proof"
32:40 A collector's call and a heart attack
34:40 Debt relief companies and fixed incomes
37:37 Before we go
I'm not a lawyer or tax advisor; this is general information, not advice for your situation.
Watch the video version on YouTube: https://youtu.be/_XVEu7JVAWQ
