Dec. 29, 2025

IRS debt solutions

IRS debt solutions
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Season 3

TaxTalk4u.com IRS debt solutions TaxTalk4U.com IRS collections of tax debt the solutions to problems Offer in Compromise OIC, Installment Agreements, Partial Pay Installment agreements, Currently Non Collectible status. There are several options to solve your IRS tax debt. Taxation Solutions Tax Relief provides the answers to tax debt problems with simple solutions to saving your family. See IRS Playbook.info for 3 simple steps to solving tax debt.

Tax Talk 4 U is broadcast live Mondays at 10AM ET and Music on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Tax Talk 4 U is viewed on Talk 4 TV (www.talk4tv.com).

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WEBVTT

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The topics and opinions express in the following show are

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solely those of the hosts and their guests and not

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those of w FOCY Radio. It's employees are affiliates. We

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make no recommendations or endorsements for radio show programs, services,

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or products mentioned on air or on our web. No

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liability explicit or implies shall be extended to W FOURCY

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Radio or it's employees are affiliates. Any questions or comments

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should be directed to those show hosts. Thank you for

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choosing W FOURCY Radio.

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Barry G.

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Fouler EA brings me tax Talk for you right here

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on W four CY Radio and Talk for TV. As

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an enrolled agent and a national leader in tax resolution

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as well as Trucker bookkeeping and tax planning. With over

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thirty years of experience, Barry will break down taxes, bookkeeping,

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tax planning, and tax relief for individuals and businesses just

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like you. So let's have some tax talk for you

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with your hosts.

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Barry G.

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Foul Hey, welcome to Tax Doc for you. How your

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final show of year. So hey, we're so going to

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come up and celebrate the new year here this week,

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So Happy New Year, Merry Christmas, I hope everybody had

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wonderful Christmas break. You know, we kind of got a

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chance to get away from the office and everything when

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we're starting to look forward to the new year. Tax

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season starting for US. Tax season gets us time of

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all kinds of filings, and it's kind of like the

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triple quadruple witching game month when it comes to taxes

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and moving into January, because you know, one we got

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to get making sure that you got your estimated tax

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payments made if you're required to make them by January fifteenth.

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You then have the filing deadlines for all kinds of

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forms for payroll tax is nine forty one's, nine forties two's,

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and then you also have the filing requirements for ten

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ninety nine miscellaneous see all coming up by the end

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of January.

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That is a lot to be done in one month.

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And when you have a company electruck or tax tools

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that does a lot of bookkeeping for owner operators and businesses,

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you know you've got to make sure that you've got

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everything right to be able to issue the ten ninety

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nine's for anybody that's driving for any of the trucking

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companies that we're bookkeeping for.

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You got to make sure that any other ten.

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Ninety nine that need to be sent out, you've got

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all the information for which we try to collect out

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the year from our clients. So you've got a lot

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of work to do, and you want to make sure

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that you've got all your eyes dotted and t's cross

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and book's done, so that you know that you've got

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all the payments you've made to your contractors in the

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system to be able to issue those ten ninety nine. Now,

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as we move into the new year, one of the

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big things that you as a taxpayer want to make

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sure is that, hey, you're getting off on the right.

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But so if you owe the IRS or state taxes,

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it is a great time to get a solution in

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place to start the new year without having to look

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over your shoulder at what the IRS is going to

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be doing to you. Yes, the IRS collections they don't

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care what time of the year it is. They don't

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care if it's the New Year, they don't care if

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it's Christmas. They don't care if it's Easter or any

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other holiday out there. They just want their money because

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any money you have they consider errors. So to deal

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with the IRS, the first thing you should do is

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make sure you have filed all your tax returns.

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So if you have.

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Any unfiled tax returns, we need to get those filed

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first and foremost. Second thing before you explore any of

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the IRS payment options or solutions, we need to do

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a complete tax analysis to check to see if not

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just in compliance, but what the tax debt the IRS

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is saying you owe. Check the Statute of limitations to

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see if any of this debt is going to fall

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off anytime soon, and then make a decision whether or

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not you're going to go to maybe a short term

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payment plan, a long term payment plan, offering compromise, temporary

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delay of collections due to financial hardship, non collectible status.

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All these things can be out there in play. So

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we're going to go through each one of these things

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and make it decision. Hey, what do we need to

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do and how do we need to do it? As

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we're going through this program. So when we talk about

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filing all the returns, the first crucial step of filing

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unfiled returns. The reason we have to do that is

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because the IRS requires you to be current on all

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filing and payment requirements for the current year to be

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eligible for most IRS payment options even if you can

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unafford the full amount code at the time of filing.

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So what they're saying is is that you need to

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make sure you filed every return. That means ten forty's

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if you have a s corp, eleven twenty s's, if

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you have a partnership, ten sixty five payroll tax forms.

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The whole works of got to be filed, and they

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prefer them filed on time, So you then need to

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start getting all those incompliance, but making sure the current

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year you're doing everything timely. Now, what does the IRS

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mean by being current on all filing and payment requirements,

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Because obviously, if you owe the IRS money and you

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can't afford to pay them, you're not going to be

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current on your payment requirements. They're only talking about payment

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requirements for the current year. That means your estimated tax payments.

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That makes your payroll tax payments. So you've got to

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be making these payments timely.

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This year.

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So if we're moving into twenty twenty six, you know,

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the real nice thing is is you have a clean slate,

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So the first estimated tax payment isn't going to be

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due for twenty six until April fifteenth, you will need

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to make your payroll tax payments if you're doing payroll

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and stuff, so you know those payments would be due

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based on what the IRS is sending you a letter

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now about that says you've got to pay you weekly

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or semi weekly or monthly or quarterly. You've got to

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be in compliance with whatever the rules are or payroll taxes,

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and then we can move forward to figure out what

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your options are. So you know, from here on now,

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you're going to be required to file on time, So

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filing your return, you know, by the deadline, or if

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you're filing ten forty and you do an extension, making

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sure you have it fully paid or something by April fifteenth,

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and then get your return filed by the extension deadline.

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So it gives you some options.

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But by filing, by filing these returns by the deadline,

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it's going to help you avoid the failure to file penalty,

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which is often much more significant than the failure to

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pay penalty. So you know, you need to be aware

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of these things so that you can look at what

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is going to be happening to you if you miss

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filing deadlines, because not only when you miss that filing deadline.

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If you were to put a payment plan in place

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or an offering compromise in place and you miss it deadline,

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well then the penalties are severe and you lose your

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payment plan, you lose your offering compromise. Those you can't

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afford to lose at that point and then have to

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put them back in place again. So it becomes very

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important that once you have a solution, and even as

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you're working on your solution, you file everything on time,

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including your payroll tax forms, including your company tax forms,

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and your personal tax forms. Now you know, one thing

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that does help you along the way and maybe even

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putting some delays in for the IRS is paying what

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you can when you can. You know, even if you're

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making some payments towards it, sometimes it delays the IRS

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is collection because it reduces what you owe but also

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reduces the amount of penalties and interests they are going

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to be accruing as well on that tax debt, and

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it gives the appearance that you're actually attempting to put

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a solution in place or working towards putting a solution

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in place. So sometimes even making that contribution towards the IRS,

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towards your debt. That payment, you know, it helps moving

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things down the road and delaying things with the IRS

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that sometimes it puts off the collection activity as well.

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Sometimes that small payment goes a long way to generating goodwill,

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especially sometimes if you're dealing with the revenue officer and

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you're saying, hey, I can't afford to make any payments,

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I can't afford this, I can't afford to pay the debt.

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Whatever it may be, that little bit of a payment

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out there makes it a little bit simpler to do it. Hey,

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if you need help with tax debt, make sure you

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call Taxation Solutions at eight eight eight nine three zero

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one zero one six again eight eight eight nine three

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zero one zero one six. We can help you find

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a solution to your tax problemits We offer a taxation Solutions,

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tax Relief, Taxation Solutions dot net. We offer free consultation,

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So give us a call and let us help you

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figure out your options and what you need to do

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to put a solution in place to solve your tax debt.

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Once and braw, Hey, we're going to take a short break.

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When we come back, we're going.

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To continue exploring what.

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You need to do to help solve your tax debt

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with the IRS or even your state taxing authority.

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Do that right after we have only scratched the surface

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of today's show. Please stand by as Barry G. Fowler

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will be right back with tax talk for you. If

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you own the IRS or are going through an IRS audit,

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don't go at it alone. Called Taxation Solutions tax Relief

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at eight eight eight nine three zero one zero one six,

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we are your solution for IRS debts, audits, back taxes, garnishments,

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leans and levees. Whether you're an individual or business, you

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need a solution and a strong aggressive tax resolution. Don't

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let the IRS walk all over you. Stop the IRS

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now call eight eight eight nine three zero one zero

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one six or go to Taxationsolutions dot net now for

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a free no obligation consultation. Let's get back to tax

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stock for you with more tax stock once again, here's

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your host, Barry G.

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Fowler.

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Hey, welcome back. You know as the IRS ruining your life.

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You know we've heard it from many people that have

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called Taxations Solutions dot net at eight eight eight nine

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three zero one zero one six at the IRS is

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ruining my life. IRS has taken everything out of my

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bank account. IRS has garnished my wages or garnished social security.

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The IRS is reading lentless when it comes to collections,

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Why do you think they're the biggest, baddest collection agency

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in the world. You know they have intrusive calls, terrifying

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notices in the mail. I mean when you open those letters,

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you're terrified. Some of them don't even open them, threatening messages.

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You know what's really unsettling to me to taxpayers out

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there they're getting these letters, is how much power they

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can legally hold over you, your finances, your career, your life.

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And every day you fail to act, they're throwing more

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and more fees pen on these interests. And you don't

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have to be powerless. You can actually use us here

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at Taxation Solutions dot net by calling us for a

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free consultation and us finding a solution to your problem

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to get the IRS out of your life, off your

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back and a solution in place so they can stop

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ruining your life. Hey, if you're a do it yourself

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we do offer you our playbook. You can go to www.

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Dot IRS playbook dot info again IRS playbook dot info

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to discover the IRS playbook We've used for thirty plus

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years to get the IRS off your back for good,

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and as little as three simple steps. Again that's www.

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IRS playbook dot info to get the information to put

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a solution in place. It's our three simple steps. We

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try to make it simple. We try to make it easy.

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We try keep the IRS off your back. So using us,

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you can win the game, the game of defeating the IRS,

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game of putting a solution, getting IRS out of your life,

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getting the IRS to leave you alone, to get you

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the solution you qualify for, so to get penalties abated,

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to maybe get the tax reduced, maybe to get it

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eliminated all together. So you know, what are your options

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at the end of the day, that's the question, what's

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my option? What's my option for solution to my tax debt?

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When I owe the IRS? Now, it doesn't matter how

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much money, you know, whether it's one thousand, two thousand,

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and ten thousand and twenty fifty, one hundred thousand, a million,

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00:14:41.559 --> 00:14:45.360
two million, there's a solution for you. And you could

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owe more than that, there's a solution for you. And

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the IRS Revenue Manual provides several different options depending on

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your financial situation. So the first one short term payment

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plan or ASK will actually grant you up to one

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hundred and eighty days pay the full balance. Now, any

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interest or penalties will still apply and still occur during

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that one hundred and eighty days. They won't give you

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the full hundred and eighty days. If you've already had

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holds in place for thirty or sixty days, they will

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subtract that out of that hold. Sometimes we've been able

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to get them to give us the full hundred and

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eighty days, especially if we can prove that you're going

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after a loan or a mortgage or something like that,

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then you can pay it off within that one hundred

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and eighty days. But you're still going to be accruing interest,

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you're going to be accruing the penalties on the money

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that you owe, So it'll be more money than what

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we put hold in place for the one hundred and

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eighty days. But it does offer you a solution. So

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maybe you're going after, you know, a second mortgage, or

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maybe you're borrowing money out of your four O one

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K to pay something off. This is an option and

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you can do that while you're waiting for the money.

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The holds their irs isn't going to take anything out

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00:16:02.480 --> 00:16:05.759
of your account, so it does give you the option

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00:16:06.360 --> 00:16:09.559
there on what you you know, to pay it off

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in full over that hundred eighty days. The other option

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that they give you is a long term payment plan,

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their installment agreement. It allows you to make monthly payments

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up to seventy two months and slatch it much longer

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than one hundred and eighty days of course, so up

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to seventy two months, and you can either go in

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00:16:32.559 --> 00:16:36.559
and apply that online if you owe less than fifty thousand,

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but it's going to be a full pay plan. They're

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going to tell you how much they want and that's

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00:16:41.559 --> 00:16:44.080
what you've got to pay. So if you can afford

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to pay it off over a full seventy two months,

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then you can take their offer and pay them the

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full amount over the course of seventy two months. Again,

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they're going to continue to accrue interest on this, they're

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going to continue to get you any penalties that they

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can hit you with. Still, if you fail in doing

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this long term payment plan anytime in the future, it

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kicks you out of the payment plan and then you

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have to go back in apply now. If you fail

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to make estimated tax payments then you have taxes do

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come April fifteenth, It could kick you out of this.

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Long term payment plan.

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If you fail to pay your taxes come in April fifteenth,

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Guess what They will kick you out of this payment arrangement.

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If you file an extension on your taxes and then

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you still owe money come October fifteenth when you file,

287
00:17:40.200 --> 00:17:42.839
guess what. You're right, they kick you out of that

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00:17:42.880 --> 00:17:48.039
payment plan again. Still, if you don't file an extension

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and don't meet the deadline of April fifteenth, guess what

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they kick you out of that payment plan again. See

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every payment plan that they put in place requires full,

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complete alliance whole Compliance means filing and paying taxes and

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paying estimated taxes timely, filing your tax return timely, paying

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all the taxes that you have coming due by April fifteenth,

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not October fifteenth, Because remember that extension to file is

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only extension to file the tax return, not an extension

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of time to pay. IRS does not offer an extension

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of time to pay. They only offer the extension of

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time to file. So if you're missing deadlines, whether it

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00:18:35.759 --> 00:18:39.279
is your long term payment plan or a short term

301
00:18:39.319 --> 00:18:45.559
payment plan, compliance is still required of you. Now you

302
00:18:45.720 --> 00:18:49.359
just got done looking at this and you looked at

303
00:18:50.400 --> 00:18:53.720
how much money the IRS is requiring of you to pay,

304
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and you can't afford it.

305
00:18:56.000 --> 00:18:59.440
Now what to you? Well, there's still a couple of different.

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Options, possibly three different options you still have available to

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00:19:03.880 --> 00:19:04.839
you to do.

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It could be a.

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Partial pay installment agreement, could be an offering compromis, or

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it could be non collectible status. So one of those

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three options is completely available to you, and we will

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00:19:18.319 --> 00:19:22.000
go through those options in our next break. But if

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you are needing help to solve this problem with the IRS, hey,

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00:19:27.000 --> 00:19:31.160
we have specials going on right now at taxationsolutions dot

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00:19:31.319 --> 00:19:34.119
net just for you to get you started in the

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00:19:34.160 --> 00:19:36.720
new year on the right foot. All you got to

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00:19:36.759 --> 00:19:38.799
do is call us at eight eight eight nine three

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00:19:38.920 --> 00:19:42.319
zero one zero one six again eight eight eight nine

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00:19:42.400 --> 00:19:45.599
three zero one zero one six to take advantage of

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00:19:45.680 --> 00:19:49.960
the year and specials that we are offering to you

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00:19:50.640 --> 00:19:54.240
as a taxpayer that owes the IRS money. Get that

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00:19:54.319 --> 00:19:59.559
solution in place early next year so that you're not

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00:19:59.720 --> 00:20:03.079
still sitting behind that eight ball, where you're not waiting

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00:20:03.119 --> 00:20:05.680
and looking over your shoulder to see that the IRS

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00:20:05.799 --> 00:20:08.079
is going to take everything out of your pain again.

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Free consultation, free phone call eight eight eight nine three

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00:20:12.559 --> 00:20:18.799
zero one zero one six Taxationsolutions dot net. Taxation Solutions,

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00:20:18.880 --> 00:20:21.680
tax Relief get the relief you deserve. Hey, we're going

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00:20:21.720 --> 00:20:24.599
to talk about your other options right after the spring.

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We have only scratched the surface of today's show. Please

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00:20:29.400 --> 00:20:32.640
stand by as Barry G. Fowler will be right back

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00:20:32.759 --> 00:20:38.680
with tax talk for you. As an owner operator, you

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00:20:38.839 --> 00:20:42.359
already spend too much time away from your family. Trucker

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00:20:42.440 --> 00:20:45.799
Tax Tools handles all your bookkeeping and taxes no matter

335
00:20:45.839 --> 00:20:48.519
what level trucker you are. Life on the road can

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00:20:48.559 --> 00:20:52.119
be taxing, but that doesn't mean that your wallet or

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00:20:52.240 --> 00:20:56.119
time with your family should suffer. Trucker Tax Tools makes

338
00:20:56.200 --> 00:20:59.799
your life run smoothly. So a Trucker tax Tools dot

339
00:20:59.839 --> 00:21:02.599
Com for a free guide that will give you the

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00:21:02.640 --> 00:21:07.119
tools to never worry about your taxes again. Call Trucker

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00:21:07.200 --> 00:21:11.319
Tax Tools eight seven seven nine sixty six two four

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00:21:11.680 --> 00:21:15.400
seven seven or go to Trucker tax Tools dot Com

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00:21:15.440 --> 00:21:21.880
now and let the experts keep you trucking. Let's get

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00:21:21.920 --> 00:21:24.960
back to tax stock for you with more tax stock

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once again, here's your host, Barry G.

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Fallon.

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00:21:31.640 --> 00:21:36.319
Hey, welcome back, got a message here a question fro

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00:21:36.359 --> 00:21:41.400
him Al Al said he was dealing with the IRS

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00:21:41.559 --> 00:21:44.759
revenue officer and they said he did not have a

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right to representation. Interesting, hey, Al, thanks, great question, because

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00:21:49.960 --> 00:21:53.559
people dealing with the IRS sometimes the IRS says no,

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00:21:53.680 --> 00:21:56.920
you don't need representation, and it can be interpreted that.

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You don't have a right to it.

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Well, the IRS actually has a taxpayer bill of rights

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00:22:04.519 --> 00:22:07.640
and you have in that bill of rights it's the

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00:22:07.839 --> 00:22:12.759
right to retain representation. Now, when you retain us to

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00:22:12.839 --> 00:22:17.079
be a representative, your power of attorney, we actually step

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00:22:17.200 --> 00:22:20.880
into your boots and deal with the IRS directly. You

359
00:22:21.000 --> 00:22:24.279
don't get to deal with the IRS. They don't get

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00:22:24.319 --> 00:22:28.160
to call you unless we are failing to truly represent

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00:22:28.279 --> 00:22:31.759
you by not answering their questions or not getting information

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00:22:31.960 --> 00:22:34.880
or not calling them back. That doesn't happen here at Texas,

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00:22:34.960 --> 00:22:39.279
and we are very aggressive to go after the IRS

364
00:22:39.400 --> 00:22:42.759
and find the best solution for you. We take it

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00:22:42.839 --> 00:22:46.400
upon ourselves to move through this as quick as possible,

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00:22:46.799 --> 00:22:50.039
but we also need your help. So if you're delaying us,

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then you and I will have that conversation. If it's

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00:22:54.440 --> 00:22:58.000
the revenue officer not wanting to deal with us, we

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will go above their head and work to the manager,

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00:23:00.880 --> 00:23:03.799
so we will find the solution and move this thing

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00:23:04.200 --> 00:23:07.319
through as quick as possible. Now, you also have other

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00:23:07.400 --> 00:23:09.759
rights in this Bill of rights, and the right to

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00:23:09.759 --> 00:23:13.519
be informed, the right to quality service that's kind of funny,

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00:23:14.079 --> 00:23:16.440
the right to pay no more than the correct amount

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00:23:16.519 --> 00:23:20.279
of tax, the right to challenge the i r S's position,

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00:23:21.039 --> 00:23:25.839
right to appeal in IRS decision, right to finality, right

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to privacy, right to confidentiality of course, the right to representation,

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and the right to affair.

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And just tax system.

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Nobody ever that I've talked to you feels like the

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00:23:36.720 --> 00:23:41.519
system is right, is the system fair? And is the

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00:23:41.519 --> 00:23:45.319
system just? Now anyway, we're going to dedicate a show

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00:23:45.359 --> 00:23:47.079
to the Bill of Rights. Maybe we'll do that next

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00:23:47.079 --> 00:23:49.759
week so that we can talk about what are your

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00:23:49.880 --> 00:23:52.960
rights when you owe the I r S money? But

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00:23:53.640 --> 00:23:57.119
what we're talking about today is your solution to your

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00:23:57.119 --> 00:23:59.720
tax problem. Al, thank you for the question. You have

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00:23:59.759 --> 00:24:02.680
a right to representation. Give us a call at Taxation

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00:24:02.839 --> 00:24:07.880
Solutions dot net. Taxation Solutions Tax Relief at eight eight

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00:24:07.880 --> 00:24:11.440
eight nine to three zero one zero one six.

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00:24:11.440 --> 00:24:13.799
And hey, we're ending the year on a high note.

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00:24:13.559 --> 00:24:17.640
At Trucker Tax Tools discount and bookkeeping Moving into twenty

393
00:24:17.680 --> 00:24:20.480
twenty six, now is a great time to get signed

394
00:24:20.519 --> 00:24:24.720
up for your bookkeeping. If you're an owner operator, get

395
00:24:24.759 --> 00:24:27.759
started and move forward with us. Starting at January, It's

396
00:24:27.799 --> 00:24:30.079
a great time to start the new year off with

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00:24:30.160 --> 00:24:35.519
the best bookkeeping service ever. At truckertax tools dot com

398
00:24:35.759 --> 00:24:38.799
and give us a call. We'll have a free consultation

399
00:24:38.920 --> 00:24:42.200
there as well. Talk about your bookkeeping, what we can

400
00:24:42.240 --> 00:24:48.359
do to help your life move and run smoothly. Anyway,

401
00:24:48.880 --> 00:24:53.720
here are other options. Installment agreements martiall pay installment agreements.

402
00:24:53.839 --> 00:24:58.680
This is a really nice one. So partial pay means

403
00:24:58.720 --> 00:25:00.799
you're not going to pay the full mount to you're

404
00:25:00.799 --> 00:25:02.960
going to pay less than the amount of two. This

405
00:25:03.119 --> 00:25:06.559
usually comes up because you can only afford so much

406
00:25:06.599 --> 00:25:10.640
to be paid each month based on your financial situation,

407
00:25:10.839 --> 00:25:13.200
based on the four point thirty three that gets submitted

408
00:25:13.279 --> 00:25:16.759
to the revenue agent or the revenue officer that we're

409
00:25:16.759 --> 00:25:20.480
dealing with. That proves to them that you can't afford

410
00:25:20.519 --> 00:25:24.240
to pay a large amount on this tax debt and

411
00:25:24.720 --> 00:25:28.359
this payment will run over a number of months that

412
00:25:28.400 --> 00:25:32.319
are left in the statue of limitations and any statutes

413
00:25:32.440 --> 00:25:36.599
that run out over the period of time the debt

414
00:25:36.680 --> 00:25:40.119
falls off. So when we talk about statute of limitations,

415
00:25:40.200 --> 00:25:41.559
we're doing a tax analysis.

416
00:25:41.599 --> 00:25:42.400
We're looking at.

417
00:25:42.279 --> 00:25:45.640
How old the tax debt. So if you file the return. Now,

418
00:25:45.839 --> 00:25:51.160
let's say you file the return in April of twenty sixteen,

419
00:25:51.839 --> 00:25:55.519
and that tax debt has a life of ten years,

420
00:25:55.759 --> 00:26:02.400
so come April of twenty six that tax debt will

421
00:26:02.519 --> 00:26:05.960
fall off. So maybe we can delay out of there.

422
00:26:06.039 --> 00:26:07.960
But maybe we just got to put in this partial

423
00:26:07.960 --> 00:26:11.039
pay installment agreement in place, and you have other debts,

424
00:26:11.559 --> 00:26:14.160
and so we can put in a payment plan that

425
00:26:14.279 --> 00:26:18.640
you can afford and it runs for the life of

426
00:26:18.680 --> 00:26:21.519
the debts out there after seventy two months, but it

427
00:26:21.559 --> 00:26:26.000
would be where it's a smaller payment and the debt.

428
00:26:25.839 --> 00:26:26.480
Will fall off.

429
00:26:26.480 --> 00:26:28.599
So a lot of times we take somebody that owes,

430
00:26:29.759 --> 00:26:35.519
you know, maybe taxes from fifteen sixteen, seventeen eighteen, and

431
00:26:35.599 --> 00:26:39.039
then you know, twenty two, twenty four or twenty six

432
00:26:39.200 --> 00:26:41.799
or something like that, and they have debt that's falling

433
00:26:41.839 --> 00:26:45.839
off periodically over the next two or three years. Well,

434
00:26:45.880 --> 00:26:48.680
if we can arrange this payment plan, right, you may

435
00:26:48.720 --> 00:26:51.680
have two or three years of debt falling off while

436
00:26:51.759 --> 00:26:55.960
you're making these payments over the next you know, seven years.

437
00:26:56.359 --> 00:26:59.440
If you got six years and you've got current debt,

438
00:26:59.680 --> 00:27:03.279
that's how out there, but it's less than the full amount,

439
00:27:03.359 --> 00:27:06.880
so you see debt fall off. We've taken some clients

440
00:27:06.920 --> 00:27:08.880
who've owned quite a bit of money and put them

441
00:27:08.880 --> 00:27:14.119
on a partial pay installment agreement and had them see

442
00:27:14.519 --> 00:27:17.559
debt falling off, you know, quite a bit. We've also

443
00:27:17.599 --> 00:27:20.200
worked with some clients where we've actually put them into

444
00:27:20.799 --> 00:27:23.799
a non collectible status and debt has fallen off over

445
00:27:24.799 --> 00:27:29.039
a few months or years as well. Now, just because

446
00:27:29.240 --> 00:27:32.519
you know statute limitations runs ten years, does not mean

447
00:27:32.599 --> 00:27:36.559
that debt falls off after actually ten years, because there

448
00:27:36.559 --> 00:27:39.240
are delays that put in that stop the statute of

449
00:27:39.279 --> 00:27:42.079
limitations run it, such as filing an offer and compromise

450
00:27:42.799 --> 00:27:46.640
such as filing a partial pay installment agreement while they're

451
00:27:46.640 --> 00:27:51.640
processing it delays statute of limitations. So there are other

452
00:27:51.720 --> 00:27:56.519
things collective due process hearings that can delay your statute

453
00:27:56.519 --> 00:28:00.279
of limitations running out. But it is an option, so

454
00:28:00.319 --> 00:28:05.240
that partial pay installment agreement sometimes is better than what

455
00:28:05.319 --> 00:28:07.680
you hear about on the radio all the time. Offering

456
00:28:07.720 --> 00:28:12.960
compromise and like that. So we look at all available

457
00:28:13.039 --> 00:28:17.559
options to you to get you the right solution to

458
00:28:17.960 --> 00:28:22.000
your tax problem. Now, before we get into offering compromise,

459
00:28:22.599 --> 00:28:25.759
in all the requirements and everything else that you have

460
00:28:26.279 --> 00:28:29.759
to do with an offering compromise, let's talk about non

461
00:28:29.799 --> 00:28:34.319
collectible status if and remember all these things are If

462
00:28:34.680 --> 00:28:39.119
the IRS determines that you can't afford to pay, you

463
00:28:39.119 --> 00:28:42.279
get a partial pay installment agreement, or if the IRS

464
00:28:42.279 --> 00:28:44.960
determines you can afford to pay it, you get a

465
00:28:44.960 --> 00:28:49.039
full payment plan. If the IRS determines you cannot pay

466
00:28:49.599 --> 00:28:53.759
your basic living expenses and the tax debtits the same time,

467
00:28:54.279 --> 00:29:00.039
they may temporarily delay collection effort. Now, that does not

468
00:29:00.720 --> 00:29:03.799
in any way, shape or form go away, does not

469
00:29:04.119 --> 00:29:09.160
end your debt problem, but it does end your collection problem.

470
00:29:09.480 --> 00:29:14.000
Interest and penalties are going to continue to approve, but

471
00:29:14.319 --> 00:29:19.519
active collections is suspended, and still your financial condition improoves. Now,

472
00:29:19.839 --> 00:29:26.039
who determines when your financial condition improves? I know IRS

473
00:29:26.440 --> 00:29:28.759
many times we put them in nine collectible status. That

474
00:29:28.799 --> 00:29:30.799
means you're going to stay there for probably two years.

475
00:29:30.960 --> 00:29:35.079
You could stay there longer. If when you're filing your taxes,

476
00:29:35.119 --> 00:29:39.440
your financial situation hasn't changed at all, or maybe gotten worse,

477
00:29:39.519 --> 00:29:42.519
or your income hasn't gotten any better. But if the

478
00:29:42.559 --> 00:29:47.920
IRS sees an influx of income, an influx of taxable income,

479
00:29:48.440 --> 00:29:51.880
then the IRS could determine they want to relook at it,

480
00:29:52.119 --> 00:29:55.319
reopen it. Generally, we tell people, hey, this is going

481
00:29:55.359 --> 00:30:00.440
to last for at least two years, sometimes longer. Sometimes

482
00:30:00.440 --> 00:30:02.839
we can get you through a couple of years of

483
00:30:02.880 --> 00:30:05.920
statute of limitations, or maybe we can get you through

484
00:30:07.200 --> 00:30:09.519
the period of time that we need to get you

485
00:30:09.559 --> 00:30:13.960
through to reset your life out there, so you do

486
00:30:14.319 --> 00:30:17.839
have the options out there to be into a non

487
00:30:17.960 --> 00:30:22.720
collectible status. But again it's you've got to be able

488
00:30:22.720 --> 00:30:25.440
to prove. We've got to be able to prove to

489
00:30:25.720 --> 00:30:30.720
the IRS that you cannot meet your current basic living

490
00:30:30.920 --> 00:30:35.279
expenses and pay tax debt at the same time. So

491
00:30:35.359 --> 00:30:38.200
sometimes there's hurdles we've got to get over to make

492
00:30:38.519 --> 00:30:41.319
this work for you and make it simple.

493
00:30:41.799 --> 00:30:42.799
Which way is right?

494
00:30:43.359 --> 00:30:45.720
Is that offering compromise that we're going to talk about

495
00:30:45.799 --> 00:30:49.039
next the right way to go? We will determine that

496
00:30:49.559 --> 00:30:53.680
with you. Hey, again, if you're a trucker owner operator, Hey,

497
00:30:53.720 --> 00:30:57.240
give us a call at Trucker Tax Tools you already

498
00:30:57.240 --> 00:31:00.640
spend too much time and too much money trying to

499
00:31:01.039 --> 00:31:04.559
keep up with your books. Go to truckertax tools dot

500
00:31:04.599 --> 00:31:09.680
com schedule free consultation. Let us take care of your books.

501
00:31:10.200 --> 00:31:13.880
Let us help you do the things right. Call us

502
00:31:13.920 --> 00:31:16.839
at eight seven seven nine nine six two four seven

503
00:31:17.000 --> 00:31:22.640
seven Again it's eight seven seven two four seven seven. Hey,

504
00:31:22.640 --> 00:31:24.640
we're gonna take a quick break and then we're going

505
00:31:24.720 --> 00:31:26.880
to come back and we're going to talk about offers

506
00:31:26.920 --> 00:31:27.640
a compromise.

507
00:31:28.119 --> 00:31:30.400
We'll do that right after we.

508
00:31:30.400 --> 00:31:34.279
Have only scratched the surface of today's show. Please stand

509
00:31:34.279 --> 00:31:37.359
by as Barry G. Fowler will be right back with

510
00:31:37.640 --> 00:31:43.680
tax talk for you. As an owner operator, you already

511
00:31:43.799 --> 00:31:47.279
spend too much time away from your family. Stop spending

512
00:31:47.359 --> 00:31:51.240
time doing payperwork. Go to Trucker tax tools dot com

513
00:31:51.279 --> 00:31:55.799
a solution filled specifically for truckers. Trucker tax tools dot

514
00:31:55.839 --> 00:32:01.920
Com makes your life run smoothly. Let's get back to

515
00:32:02.079 --> 00:32:05.759
tax stock for you with more tax stock once again,

516
00:32:06.240 --> 00:32:11.039
here's your host, Barry G. Ballum.

517
00:32:11.279 --> 00:32:14.720
Hey, welcome back. Kind of question that came in through

518
00:32:15.759 --> 00:32:19.720
one of our Facebook pages. Here is through Jeff and

519
00:32:19.920 --> 00:32:24.599
Taxpayer Advocates Service helped me with an offer and compromise well.

520
00:32:25.000 --> 00:32:29.559
Taxpayer Advocate Service. You access them through filing a form

521
00:32:29.599 --> 00:32:33.799
called nine one one. It's an independent organization within the

522
00:32:33.839 --> 00:32:38.559
IRS that can assist you if you're experiencing financial difficulty

523
00:32:38.680 --> 00:32:42.079
or other problems that normal IRS channels can't resolve. Now,

524
00:32:42.400 --> 00:32:44.359
they're not going to do an offering compromise for you.

525
00:32:44.720 --> 00:32:48.799
If there's a problem with it, or maybe the IRS

526
00:32:48.839 --> 00:32:52.200
pulled money out of your bank account while the offerers

527
00:32:52.240 --> 00:32:56.519
out there pending, Taxpayer Advocate Service can help you with

528
00:32:56.640 --> 00:33:00.400
that and get solutions. Sometimes you have offered that have

529
00:33:00.440 --> 00:33:03.400
been pending for a long period of time and you

530
00:33:03.440 --> 00:33:06.000
need somebody to do it and nobody's answering you. They

531
00:33:06.079 --> 00:33:08.480
might be able to help you. That's what kind of

532
00:33:08.519 --> 00:33:11.880
they're there for, is to help you from that situation.

533
00:33:13.079 --> 00:33:15.279
We've used tax Payer Have a Kid service to help

534
00:33:15.319 --> 00:33:20.640
our clients when we're hitting a roadblock with some decisions

535
00:33:20.640 --> 00:33:23.519
that are being made and we need somebody else's input

536
00:33:23.920 --> 00:33:26.440
and help on that. But you can go to the

537
00:33:26.440 --> 00:33:29.680
Taxpayer Have a Kid website and see what all they

538
00:33:29.720 --> 00:33:31.880
can do for you. But no, they're not going to

539
00:33:31.880 --> 00:33:33.680
put a payment plan in place. They're not going to

540
00:33:33.680 --> 00:33:35.480
do an offering compromise. They're not going to put you

541
00:33:35.519 --> 00:33:38.880
in non collectible status. They don't do that. That is

542
00:33:39.000 --> 00:33:46.319
not a service that they offer. And see, have a question.

543
00:33:46.079 --> 00:33:48.960
That just came in. Actually no name on this.

544
00:33:48.920 --> 00:33:53.880
One, but you're out of baton rouge. Can I just

545
00:33:53.960 --> 00:33:57.640
hire any company because I've heard this tax relief company

546
00:33:57.720 --> 00:34:02.920
saying they could eliminate all my tax debt right away. Well,

547
00:34:02.960 --> 00:34:04.799
first of all, I'm gonna tell you be skeptical. Anybody

548
00:34:04.839 --> 00:34:07.880
that tells you without talking to you, without gathering financial

549
00:34:07.880 --> 00:34:11.760
information from you, without maybe even doing a tax analysis

550
00:34:11.800 --> 00:34:15.199
out there, just promoting and saying, hey, we can eliminate

551
00:34:15.239 --> 00:34:19.400
your tax debt, it's just an outlinish claim. I mean,

552
00:34:19.440 --> 00:34:23.119
they can't make that determination. One IRS is the only

553
00:34:23.159 --> 00:34:27.639
one that determines what you qualify for based on their rules.

554
00:34:28.039 --> 00:34:32.559
But we guide what the IRS is going to tell

555
00:34:32.599 --> 00:34:35.599
you you're going to qualify for, because we can prequalify

556
00:34:35.719 --> 00:34:38.800
you and know exactly what the solution is we're going

557
00:34:38.840 --> 00:34:41.320
to put in place. Now, if you're lying to us

558
00:34:41.440 --> 00:34:44.280
or not telling us everything, or hiding things from us,

559
00:34:44.840 --> 00:34:49.639
or being very vague, that help sometimes is a lot

560
00:34:49.679 --> 00:34:52.719
harder to give because we're not gathering all the information.

561
00:34:53.199 --> 00:34:55.960
And you've got to remember, no matter what solution you

562
00:34:55.960 --> 00:34:58.519
put in place, if you are committing fraud to the

563
00:34:58.559 --> 00:35:03.719
IRS and not fling everything, the IRS is the largest, biggest,

564
00:35:03.760 --> 00:35:07.239
baddest collection agency in the world. So therefore they will

565
00:35:07.280 --> 00:35:10.559
find it out. Now, let's talk about offers and compromise.

566
00:35:10.920 --> 00:35:15.679
You know, according to Radio, according to a lot of

567
00:35:15.679 --> 00:35:20.760
our competitors' websites, everybody qualifies for an offering compromise.

568
00:35:21.599 --> 00:35:22.320
Not true.

569
00:35:22.599 --> 00:35:26.880
Unfortunately, if you are determined that you can pay, you're

570
00:35:26.960 --> 00:35:31.719
going to be on a long term payment plan or

571
00:35:31.880 --> 00:35:36.559
a partial pay installment agreement. One of those be what

572
00:35:36.679 --> 00:35:38.480
you are. As a matter of fact, you could even

573
00:35:38.519 --> 00:35:41.599
go long term and do a step plan where hey,

574
00:35:41.719 --> 00:35:43.920
right now, for the first year, we're at this amount,

575
00:35:44.000 --> 00:35:47.239
and then we step up to a higher amount that

576
00:35:47.360 --> 00:35:52.320
becomes a full pay installment agreement. HIGHRS does that as well,

577
00:35:52.480 --> 00:35:57.159
because you're basically committing and giving an opportunity to readjust

578
00:35:57.239 --> 00:35:59.199
things in your life made it pay off a vehicle

579
00:35:59.280 --> 00:36:02.119
or something that allows you to pay more on the

580
00:36:02.159 --> 00:36:04.760
tax debt a year down the road, and they give

581
00:36:04.800 --> 00:36:07.639
you that opportionnity to be able to do that. Well,

582
00:36:07.760 --> 00:36:12.679
it's still a full pay, but offering compromise can allow

583
00:36:12.760 --> 00:36:16.480
you to settle tax debt for less than the full

584
00:36:16.559 --> 00:36:21.480
amount if and only if the IRS determines you are

585
00:36:21.559 --> 00:36:25.880
unable to pay the full liability or it'll create a

586
00:36:26.000 --> 00:36:29.559
huge financial hardship. Now we look at these things and

587
00:36:29.599 --> 00:36:35.519
way these out because sometimes achieving this lowering the tax

588
00:36:35.559 --> 00:36:38.000
that you're going to pay can be done in the

589
00:36:38.000 --> 00:36:40.599
same way with a partial pay installment agreement over a

590
00:36:40.599 --> 00:36:43.719
longer period of time, and you eliminate the same amount

591
00:36:43.920 --> 00:36:47.639
or more debt with it than an offering compromise. Offering

592
00:36:47.719 --> 00:36:51.280
compromise comes with a lot of rules and regulations that

593
00:36:51.320 --> 00:36:55.440
go with it. When you're looking at the offering compromise

594
00:36:55.480 --> 00:36:59.360
that everybody considers, I am in a financial hardship if

595
00:36:59.360 --> 00:37:03.079
I've got to make this payment. Well, just because it

596
00:37:03.119 --> 00:37:06.920
puts you in a financial hardship in your lifestyle, it's

597
00:37:07.119 --> 00:37:12.800
not necessarily the lifestyle the IRS allows under their national standards.

598
00:37:13.320 --> 00:37:15.199
We've had people that have home payments that have four

599
00:37:15.280 --> 00:37:17.639
or five thousand dollars a month home payments, but the

600
00:37:17.920 --> 00:37:21.760
IRS only allows maybe two thousand.

601
00:37:22.000 --> 00:37:23.159
Well, the other.

602
00:37:23.079 --> 00:37:26.039
Couple thousand that you have to pay on your home

603
00:37:26.679 --> 00:37:29.400
isn't allowed, So therefore that's money that's available to the

604
00:37:29.440 --> 00:37:32.760
IRS to pay that can kick you out or make

605
00:37:32.880 --> 00:37:35.679
your offer be much higher than you can afford to

606
00:37:35.719 --> 00:37:39.880
pay over the offer period of time, which could be

607
00:37:39.920 --> 00:37:42.800
five months or twenty four months, depending on which and

608
00:37:42.880 --> 00:37:44.280
you may not be able to do it, may not

609
00:37:44.280 --> 00:37:45.559
be able to borrow the money. You may not be

610
00:37:45.559 --> 00:37:49.400
able to make it work. IRS is going to look

611
00:37:49.599 --> 00:37:54.559
at your income, your expenses, your assets, the equity in

612
00:37:54.639 --> 00:38:00.000
those assets when they evaluate your application. Now equity and assets.

613
00:38:00.480 --> 00:38:04.039
You own a home. Your home is greatly appreciated. So

614
00:38:04.159 --> 00:38:06.599
maybe you buy your own for two hundred thousand, it's

615
00:38:06.679 --> 00:38:10.480
now worth four hundred thousand, and your mortgage is only

616
00:38:10.559 --> 00:38:13.440
one hundred and sixty thousand, leaves you a lot of

617
00:38:13.480 --> 00:38:16.880
money to be able to pay THEIRS and the debt back.

618
00:38:17.360 --> 00:38:18.480
Even if the.

619
00:38:18.320 --> 00:38:23.119
IRS allows the firesale value at eighty percent, so eighty

620
00:38:23.239 --> 00:38:27.320
percent of four hundred thousand, then you take out your mortgage,

621
00:38:27.440 --> 00:38:29.880
there's still a lot of money there. There's still a

622
00:38:29.880 --> 00:38:31.960
lot of money. Three hundred and twenty minus one hundred

623
00:38:31.960 --> 00:38:34.039
and sixty still leaves you one hundred and sixty to

624
00:38:34.079 --> 00:38:39.960
pay to the IRS. According to THERS rules.

625
00:38:40.280 --> 00:38:41.320
Maybe that rules you out.

626
00:38:41.679 --> 00:38:44.159
Maybe you don't have good enough credit to go get

627
00:38:44.199 --> 00:38:47.519
a second mortgage on your house or a lot of

628
00:38:47.519 --> 00:38:48.840
credit on your house to.

629
00:38:48.840 --> 00:38:50.000
Pay the IRS pack.

630
00:38:50.360 --> 00:38:54.880
So now that offer isn't qualified. Maybe you have other

631
00:38:54.920 --> 00:38:57.440
assets that you don't want to sell, so maybe we

632
00:38:57.480 --> 00:38:59.519
need to go after this a different way in a

633
00:38:59.559 --> 00:39:03.480
partial or long term payment plan. Things you've got to

634
00:39:03.599 --> 00:39:07.000
look at, and then you've got to stay in compliance.

635
00:39:07.400 --> 00:39:10.440
Now you can go to the IRS Offering Compromise Preach

636
00:39:10.840 --> 00:39:14.559
Qualifier tool online see if you're eligible. Before you even

637
00:39:14.639 --> 00:39:18.760
go to apply, you can call Taxation Solutions dot net

638
00:39:19.159 --> 00:39:22.079
at eight eight eight nine three zero one zero one

639
00:39:22.239 --> 00:39:25.000
six Again eight eight eight nine three zero one zero

640
00:39:25.000 --> 00:39:25.440
one six.

641
00:39:25.519 --> 00:39:28.239
Let's talk about it. Let's give you that free consultation.

642
00:39:28.719 --> 00:39:33.440
Help you make the decision what program you should be

643
00:39:33.559 --> 00:39:37.239
using to solve your tax debt once and for all

644
00:39:37.360 --> 00:39:41.199
with the IRS. Nope, all right, So the offering compromises

645
00:39:41.239 --> 00:39:43.719
the route you want to go. The offering compromises that

646
00:39:43.880 --> 00:39:47.239
thing you heard pipe dream out there that puts the

647
00:39:47.280 --> 00:39:51.880
solution in place that you're going to think is oh

648
00:39:52.000 --> 00:39:54.960
the be I'll end all. Then comes the rules. The

649
00:39:55.239 --> 00:40:00.960
moment that offer is filed, you are reques fired to

650
00:40:01.039 --> 00:40:05.039
stay one hundred percent in compliance. Now what does compliance mean.

651
00:40:05.519 --> 00:40:08.440
The first thing it means is that your estimated tax

652
00:40:08.440 --> 00:40:12.800
payments for this year are all current. So you make

653
00:40:12.840 --> 00:40:15.559
your first three payments if you're offering, or your estimated

654
00:40:15.599 --> 00:40:17.840
taxes for twenty twenty five, and then you have a

655
00:40:17.880 --> 00:40:20.719
new one to do in January, and you prove your

656
00:40:20.800 --> 00:40:23.199
not required to make them. Because once they get that offer,

657
00:40:23.239 --> 00:40:25.079
that's the first couple of things that are going to

658
00:40:25.119 --> 00:40:28.599
ask for. Second thing, you have to continue to make

659
00:40:28.639 --> 00:40:31.239
sure you make your estimated tax payments if required, every

660
00:40:31.360 --> 00:40:35.159
quarter during twenty twenty six. Third thing, when you file

661
00:40:35.199 --> 00:40:39.079
your twenty twenty five return on April fifteenth or extension,

662
00:40:39.440 --> 00:40:42.519
your taxes that would be due then have to be

663
00:40:42.559 --> 00:40:46.239
one hundred percent paid by April five and your first

664
00:40:46.480 --> 00:40:50.760
estimate paid by April fof didn't get those things accomplished,

665
00:40:51.079 --> 00:40:54.000
they just kicked your offer back. You just wasted your

666
00:40:54.000 --> 00:40:57.400
time and your money. Then let's say you make it

667
00:40:57.480 --> 00:40:59.800
down this road, and your income all of a sudden

668
00:40:59.800 --> 00:41:02.599
it on up over the last eight months while this

669
00:41:02.719 --> 00:41:05.639
offer was pending. Now they reject your offer because you're

670
00:41:05.639 --> 00:41:09.440
making too much money. Don't change your lifestyle, don't change

671
00:41:09.480 --> 00:41:13.599
your job, don't change your income. Let the offer be processed,

672
00:41:13.679 --> 00:41:17.360
let the offer get accepted. After it's accepted, change all that.

673
00:41:17.840 --> 00:41:19.079
But you still got to stay.

674
00:41:18.840 --> 00:41:21.360
Current estimated tax payments. You still got to stay.

675
00:41:21.159 --> 00:41:26.000
Current on filings and everything else for how long? Five

676
00:41:26.280 --> 00:41:31.559
full years after it's accepted. That's right, five full years

677
00:41:31.760 --> 00:41:34.920
after the offer accepted. You have to be in compliance

678
00:41:34.920 --> 00:41:38.480
one hundred percent while it's pending. Stay in compliance one

679
00:41:38.559 --> 00:41:42.679
hundred percent while the offer was accepted for the next

680
00:41:43.000 --> 00:41:44.119
five years.

681
00:41:44.280 --> 00:41:44.599
Again.

682
00:41:44.760 --> 00:41:49.039
If you need help talking about your IRS dat all

683
00:41:49.119 --> 00:41:50.599
taxation solutions we.

684
00:41:50.519 --> 00:41:51.639
Have no judgment zone.

685
00:41:51.800 --> 00:41:55.800
Go to Taxation Solutions dot net. Taxation Solutions, tax Relief

686
00:41:56.119 --> 00:41:59.000
go to our Facebook page. But hey, it's easier quick

687
00:41:59.000 --> 00:42:01.199
care free consultation to call us at eight eight eight

688
00:42:01.360 --> 00:42:04.159
nine three zero one zero one six again eight eight

689
00:42:04.239 --> 00:42:07.360
eight nine three zero one zero one six get the

690
00:42:07.480 --> 00:42:13.440
solution in place that you need to solve your tax debt. Hey,

691
00:42:13.519 --> 00:42:16.159
this show is fun. We man the time flies when

692
00:42:16.199 --> 00:42:19.119
you're having fun, they say, make sure you check out

693
00:42:19.119 --> 00:42:21.719
all of our podcasts at tax Talk for you dot

694
00:42:21.719 --> 00:42:28.400
com again tax Talk number four Letteryo dot com be

695
00:42:28.559 --> 00:42:32.280
here every Monday, ten am Eastern time right here at W.

696
00:42:32.360 --> 00:42:33.760
Four CY Radio.

697
00:42:34.920 --> 00:42:39.639
We're here at talking about taxes, tax problems, tax solutions.

698
00:42:39.679 --> 00:42:43.000
If you're a trucker, you're bookkeeping your taxes as an

699
00:42:43.039 --> 00:42:48.639
owner operator, Hey get in be here every day. Hey,

700
00:42:48.679 --> 00:42:52.280
have a great week, have a very God blessed and

701
00:42:52.599 --> 00:42:55.880
glorious new year, and we'll see you right back here

702
00:42:56.079 --> 00:42:59.960
at tax Talk for You. Follow us at tax Talk

703
00:43:00.119 --> 00:43:02.320
for you dot com. Would be here every Monday at

704
00:43:02.320 --> 00:43:04.960
ten am. I'm a happy to new here and we'll

705
00:43:04.960 --> 00:43:05.760
see you next year.

706
00:43:07.280 --> 00:43:10.440
Are you an individual or business that wants to understand

707
00:43:10.519 --> 00:43:13.920
taxes and how they affect you? Are you looking for

708
00:43:13.960 --> 00:43:19.360
specific tax advice for self employed business owners and truckers.

709
00:43:19.960 --> 00:43:24.000
Are you behind on taxes and your bookkeeping? Are you

710
00:43:24.119 --> 00:43:27.079
dealing with the irs and ready to have some relief,

711
00:43:27.920 --> 00:43:31.719
Then you need Tax Talk for You, hosted by tax

712
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and trucker expert Barry g. Fouer EA. Tune in ten

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am Eastern time every Monday right here on W FOURCY

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Radio and Talk for TV. Don't forget to check this

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and past episodes at tax talkforu dot com. See you

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next week at W fourcy dot com