The Old Adage That Says, ‘Can’t Get Blood From a Turnip’ Put Me In Hot Waters With The IRS
Posted on March 9th, 2010 in Finance | No Comments »
It is an old clich? that means, “If I don’t have it, you can’t squeeze it out of me. In Grandma’s case, she had grown up poor and was so used to that lifestyle that she never expected anything more to come her way in life. PreferredTaxRelief
I survived a serious health condition which my doctors thought I wouldn’t make it. Thankful to be alive, I did something that is so out of character for me. I used my retirement account to take my family to the grandest trip of a lifetime.
I didn’t give much thought on the penalty that the IRS would slap on me for withdrawing my 401(k). The representative mentioned that I would be charged 20 percent upfront then the IRS would also require an additional 10 percent later but I guess I didn’t pay attention to the latter. I was daydreaming and all I hear was the flight attendant giving instructions on the emergency exits as I imagine the vacation I had just booked before calling the retirement rep.
Fast forward to today, I am still alive and the IRS is on my case to collect the money due to them when I cashed out my 401(k) But the money was all gone, of course, having been spent on our once-in-a-lifetime trip.
I heard myself repeating Grandma’s words again. “Can’t get blood from a turnip.” How could the IRS hurt me if I simply did not have the money to give them?
The IRS sent me one certified letter, which I ignored. The second certified letter arrived and this time, my body felt numb. This was for real. What was I going to do now?
I started asking friends if they knew of anyone who could help me, but none of my friends had ever allowed themselves to get into such a mess. I was relatively new to this internet thing but nonetheless, I still checked out a few businesses that claim they could assist me. After talking to the third one in a row that demanded an outrageous amount of money, I was about to lose hope when I found Preferred Tax Relief.
Right from the start of our relationship, I felt comfortable with Preferred Tax Relief. They immediately attended to my case and contacted the IRS.
In afterthought, I really feel fortunate to have discovered the professionals at PreferredTaxRelief.com My life wouldn’t be straightened out without their help. At last, I can sleep peacefully again! PreferredTaxRelief