You can get a free consultation from just about any tax professional. They would have noticed your mistake within a few minutes of talking to you.
The IRS usually takes 3 years to find a mistake like yours. It sounds like you've been filing wrong since 2005. The penalties suck but you got to keep that extra 15% for a really long time.
Most importantly, you have a really long time(6-12 months) from your initial notice from the IRS, before they start trying to collect. You couldn't pay right now even if you had the money, that was my experience anyways. I received a different letter from them, months later, and was finally able to pay.
Everyone knows you don't mess with the IRS. I don't get how you did this wrong for 6 years, never researched it, asked someone, or talked to an accountant. My gut tells me you probably knew what you were doing.
The IRS usually takes 3 years to find a mistake like yours. It sounds like you've been filing wrong since 2005. The penalties suck but you got to keep that extra 15% for a really long time.
Most importantly, you have a really long time(6-12 months) from your initial notice from the IRS, before they start trying to collect. You couldn't pay right now even if you had the money, that was my experience anyways. I received a different letter from them, months later, and was finally able to pay.
Everyone knows you don't mess with the IRS. I don't get how you did this wrong for 6 years, never researched it, asked someone, or talked to an accountant. My gut tells me you probably knew what you were doing.