Can I start a home based business with an online company, if I owe back taxes?
I am currently looking at an online company that was advertised as a way to make extra money from home on the internet. It has a decent start up and the information provided on the website about the business and the contact consultant seem to be legit. I am currently in an installment agreement with the IRS and my wages from my full time job are being garnished by the state. Am I eligible to start up a home base business while I owe these taxes.
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You're eligible to do whatever you please, regardless of what you owe as long as you're in a payment plan approved by the IRS which you follow religiously.
That said, let me incorporate some of the comments, as they're important:
ChrisInEdmonton said:
Note that almost all such 'opportunities' are scams. In order to
provide a complete answer, you'll need to explain the terms of your
installment agreement with the IRS. Also, just curious. If you have
the money to start up a business, why aren't you using it to pay back
the money you owe
John Bensin added:
I strongly recommend you read through a few links on work-at-home
scams, e.g. fraud.org, forbes, Wikipedia, and the FTC
before joining something like this, to be safe
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