Buried in tax debt

$19 of $100,000 goal

Given by 6 generous donors in around 11 months

I am in a deep hole and I can't see how I can get out of this hole by myself so that I can continue to support my son and myself.

Wellington

Hello

I started as a sole trader working hard to raise my son unfortunately I had little understanding of how provisional tax worked and slowly got into quite a lot of tax debt I was in a desperate position of being the sole financial provider and primary carer for my Son.

I never wanted him to go without and to be able to have good things and live in a nice clean dry house or know about my financial woes so hid this debt and continued getting into debt now I am at the point of being a 50 year old man with no savings , renting and $100000 in debt my Son is now 16 and I want to be able to provide him with a stable family home and be able to support him through University and hopefully actually be able to have a life myself and be able to save for retirement.

I work hard and I hurt no one I just wasn't very smart when it came to tax matters and blocked the debt out from shame and wanting the best for my son.

I'm too ashamed to show a photo and I spend many sleepless nights and live each day in shame because of this debt.

Use of funds

The funds would be used to pay my debts off so I can start saving for my retirement and for the chance to hopefully save enough to be able to invest in a house .

Guest Donor on 09 Jun 2021

Try applying for debt relief from IRD, they can and will write debt off. https://www.ird.govt.nz/managing-my-tax/debt-and-insolvency/financial-relief-nz-individuals

$10