Underpaid tax need advice

Find out exactly what you owe and do up a spreadsheet of all your income and outgoings and they should be able to do up a payment plan or if you can try offer a settlement figure that might work. I am only basing that on a family member who owed €8,000 and done that about 7 years ago paying €3,000 so I don't know how revenue are now in the same situations. Hopefully some of the financial regulars here can advise you better.

You should still have you wife's personal tax credit plus her home carer tax credit.

Go into your revenue account and check you have all these. Don't worry about it you probably owe nothing or little.

Assuming it's a revenue error which they corrected, and not anything you did to cause the error, I would start by explaining you cannot afford the 10k and offer a settlement amount (as the other poster said above).

I don't think so, but what I was getting at is, as it's their error, not your error or your attempt to defraud, they should be more willing to discuss and negotiate.

I had an audit on me a few years ago as I accidentally misclassified something and owed them money (not 10k mind!), but it was my fault nonetheless. Even then, the revenue folks were lovely to deal with and accepted my genuine mistake and agreed to remove the penalty fee they had charged.

As for next steps, I would probably consider getting professional advice. I know it will cost money but as there's 10k at stake it's no small change. Maybe start by contacting citizens information?

2020, the year of Covid 19 and the TWSS / EWSS, were you paid via either of these?

This wasn't taxed at the time and unless you have already sorted the liability out that could form part of the 2020 underpayment.

Are you sure the email is actually from revenue and not a scam? Revenue dont normally email you directly. They send a letter or you can see the details in ROS or the revenue 'my account service'.

Sounds like a scam. Don't click on any links in the email and be brought to a site which looks like revenue site but will simply collect your details.

Yep I agree that the way its done. The OP seems to have received an email though and stated what the email said. He needs to clarify for us if it was an email ( if so sounds like a scam) or just an instruction to log into my account or ros.

(1) make sure it's not a scam

(2) check all tax credits, for each year

(3) check SRCOP for each year

(4) do you submit normal Form 12 tax return each year, e.g. to claim tax relief on medical expenses?

Revenue can only go back four years unless you deliberately tried to defraud them. In this case they may be ignoring 2019.

Thousands of people submit tax returns every year.

You may want to claim tax relief on rent paid, medical expenses, or remote working, etc.

You may need to declare extra income, e.g. dividends, rent, etc.

Given that many people have medical expenses, it is completely normal and common to submit a Form 12 tax return.

I suggest that you submit Form 12 tax returns for 2020 onwards.

We had the same problem when we got married - we wanted to stay separately assessed though. Spotted it when my pay took a nose dive as all the credits went to my wife.

It took a call or two to Revenue to sort it out - can be painful to get through but they will help you out. You the one calling them looking to sort out a mess partly of their own creation by not assigning credits as you requested so there will be some settling to do but they will work with you on it to get it sorted.

Take downtheroad's help as it does sound like your credits are low.