Jan. 5, 2026

New Year New Resolutions to solve IRS problems

New Year New Resolutions to solve IRS problems
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Season 4

What you need to know about business, trucking bookkeeping and taxes. New Years Resolution to Solve your tax debts Offer in Compromise, Partial pay Installment Agreement Minimize taxes for business. Getting all your deductions that save you money on taxes. S-Corp, 1120S, 1120, Partnerships, Owner Operator, Truck driver, paying taxes, Social security & Medicare, as well as federal withholding taxes.

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).

Tax Talk 4 U Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.

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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 FOURCY 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. Fouler EA brings you tax Talk for you

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right here on W four CY Radio and Talk for TV.

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As an enrolled agent and a national leader in tax

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resolution as well as Trucker bookkeeping and tax planning. With

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over 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. Barry G.

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Foul Hey, welcome to Tax Dog for you. Hopefully you're

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here because you found us. Starting out the new year,

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new resolutions, new solutions to your tax problems, new guidance

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for your business new guidance as an owner, operator, truck driver,

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business owner. You know this is all new new year,

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new season, new resolutions. You know, I know we all make,

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you know, our New Year's resolutions, and you know, raise

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your hand. How many of you decided we're going to

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make a new Year's resolution. Maybe it was to lose weight,

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stop smoking, be a better person, be better at business,

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pay lesson taxes. You know, who knows. Maybe it's get

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a better booking keeping company for my trucking company. Well,

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you're in the right place. Okay. We're not gonna sit

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here and help you not smoke. We're not going to

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sit here and help you lose weight because we're not

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a weight loss program. We're not a non smoking program,

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stop smoking program. You know. We are all about taxes,

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book keeping, finding ways to solve your tax problems, to

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put them to bed, you know, once and for all.

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You know, part of my New Year's resolution is trying

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not to listen to some of these stupid ads we

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hear on the radio stations about you know, solving irs problems,

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and when they're not being realistic, when they're not being

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really helpful in what you need to do to solve

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your tax problem. But if your new year's resolution is

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be better at paying less than taxes and better at

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running your business better, tax Talk for you is where

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you need to be. And they also need to invite

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your friends. So your news yours resolution for me can

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be to invite more people to come listen to tax

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Talk for you. We can get more information out, we

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can help more people all across the country. And that's

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really what our goal is is to help people. And

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speaking of helping people, we've got a couple of specials

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running with Trucker Tax Tools. Go to Trucker tax Tools

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dot com or you can call us at eight seven

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seven nine sixty six two four seven seven again eight

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seven seven nine sixty six two four seven seven. The

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specials we've got going on right now are really low costs.

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It starts from twenty five dollars a week for great

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bookkeeping for your trucking company. As an owner operator. Get

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in on that special today. Matter of fact, right now,

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we're reduced the setup fees as well by fifty percent.

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We can give you some other discounts if you're a

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member of OIDA Owner Operator Independent Drivers Association. So it's

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a beatiful time to move your bookkeeping to us. We

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have fantastic reports that we do for truckers that really

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help you as a business owner to run your business better.

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So your new Year's resolution is get on the phone

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right now. Hey, if you get this done, man, you've

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solved your new year's resolution for the whole year. And

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how many people fail at everything else that they do

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as far as new year's resolution. How many weight loss

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people go out there and maybe they're working hard at

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it for the first two months, and then the only

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thing they're losing is their gym membership for the next

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nine months after that because they can't cancel it, they

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can't get out from underneath it, and they got to

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keep paying on it. But yet hey they stopped going

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to the gym after a month or two. Well, hey,

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here at Trucking Taxles, you will put your solution in

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place and all you got to do is send us

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your information. We take care of the rest. We send

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you reports. You now have great financial reports for your

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as a trucking company, and everybody needs that. Everybody needs

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great bookkeeping and great tax is done. And that's what

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we do here at Truckger Tax Tools. So call us

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eight seven seven nine six six, two four seven seven.

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You know, don't waste time now waiting until later in

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the year to do it. Let's get started here as

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we go today, you know, talking about New Year's resolutions.

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You owe money to the I R S. So your

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resolution should be is to solve this tax problem once

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and for all. See, the I R S is the largest, biggest, baddest,

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nastiest collection company there is in the world. I guess

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the Gestapo might have been worse, you know, but here

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in the United States they're the biggest and baddest collection

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agency there is. You know, they need their money, they

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need your money. And when you owe the AARs, you're

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put yourself subject to their collection activities. Now, yes, they're

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guided by law and they've got to do things and

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they've got to follow things right way to put collections

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on you. But ninety percent of that you've ignored. How

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would you those IRS letters you don't want to open?

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Nobody does those IRS letters. Maybe you have opened and

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you've ignored. The letters get worse and worse as you go.

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So you know, it simply starts out is hey, you

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owe us this money, please pay it. Then it becomes

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you ow us this money pay it by this date.

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You owe us this money, pay it by this date,

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or we're going to put a lien on you pay

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the money. Or we now put a lien on you

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pay this money. Or we're going to have a final

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notice of intent to levy. Then you're going to get

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that certified final notice of intent to levy, and then

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you will be levied thirty to forty five days after

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that final notice of intent to levy. You ignored that

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when they levied your account, maybe there wasn't much. You

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feel really good. Hey, they only got a couple hundred bucks.

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And guess what, the bank got a couple hundred bucks.

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But you still owe the bank because the bank had

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to send everything to the IRS. So you're two hundred

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dollars or more in the hole to the bank or

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enforcing the levee from the IRS. So you clear that

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up and you ignore them. What's next weede gardishments. Now

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you've got to explain it to your employer why you

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owe the irs? What the IRS is saying you owe,

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And now they don't live leave you a lot of

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money to live on. See, they consider what they think

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is your basic necessities and they give you that a

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little bit of money and they take the rest. Solutions,

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there are solutions. Well, the first solution was not ignoring

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the letters to begin with. But you've ignored them, You've

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gotten yourself in this position. You've got to find a solution.

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You got to put that resolution in place to get

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the solution that you need. You deserve to stop the

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IRS collection activities going forward. See, maybe you're thinking, I

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don't make enough money. Why are they going to come

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after me? They're not going to come after me. It's

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not that much money anyway. Maybe you're in social security.

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I've seen them Levy's Social Security take ten percent so security,

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So security is low enough as it is, give it

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away another ten percent to the IRS to pay tax.

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That doesn't make it any easier. Makes you're living a

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little bit harder. So you know, what do you want

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to do? Which way do you want to go? Do

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you want to live with the IRS taking money from

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you whenever they so see it? Do you think the

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IRS is going to have leniency just because you're in

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social security and maybe you don't have any other income

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coming in, you have to prove it to the IRS.

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So maybe you're just so security and barely make it

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ends meet, we would have to go in and prove

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to the IRS that you cannot afford to make the payments.

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So maybe that's a non collectible status. So it gets

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the IRS off your back, stops the levee on your account,

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stops the Social Security garnishment, and you're able to get

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back to the living a little bit more of your life. See,

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it doesn't happen on its own. You've got to make

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the decision that you're going to pursue some kind of settlement,

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some kind of stoppage to collections to prevent the IRS

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taking what you have, whether it's Social Security, whether it's

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your wage garnishment, whether it's a levee on your account,

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those things. Right there is something you need to do

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to make your life better and something you need to

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do to get the IRS to stop their collection activities

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so you can continue to get back to living your life. Hey,

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in the next segment, we're going to talk about the

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different solution options that you have to put your resolution

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in place to get a solution to your IRS tax problem.

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Right after this, we have only scratched the surface of

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

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be right back with tax talk for you. If you

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owe 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 TETs, 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, and it's a great start to the new year,

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New solutions, New resolutions. Hey, we got a quick question

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from Zach down in League City south of Houston, Texas.

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And his question was, iowe the IRS sixty thousand dollars.

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I've heard on the radio I can settle this debt

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for one hundred or maybe one thousand. And I told

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you I wasn't going to listen to any of these

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commercials anymore for these resolute companies out there just telling

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you things that don't make sense or things that may

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not be true. That just gets you excited to make

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the phone call. Which, hey, at least you're making the

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phone call. At least you're thinking about your tax debt.

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Now own sixty thousand dollars gives you many different types

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of solutions, and this is a great lead into this segment.

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So first off, before you sign with anybody else, call

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Taxation Solutions Free phone Call Free Consultation eight eight to

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eight nine three zero one zero one six again eight

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eight eight nine three zero one zero one six. Zach,

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let's talk about the sixty thousand dollars you owe. You know,

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is it recurrent year? Is it you know twenty and

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twenty four's taxes? Is it you know twenty threes? Or

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is it multiple years going back you know, six seven,

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eight to ten years, Depending on your situation and what

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the tax debt will depend on which of these kind

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of solutions we would put in place, but also depends

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on your assets and equity in those assets, So your house,

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what kind of equity do you have in your house,

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retirement plans, savings accounts, any other investments you may have.

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All these will come into play to determine what is

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the best solution to your tax problem. Now, we're going

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to kind of go through these pretty quick in this

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segment because we're trying to cover a lot of things

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in New Resolutions, but we will come back and go

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in depth to a lot of the solutions that the

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IRS offers and that you could obtain over the next

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view shows. Make sure you're subscribing to tax TALKFORU dot

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com again, that's tax Talk number four the letter view

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dot com so you never miss an episode. You can

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also find us on Facebook and if you do miss

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an episode, we're on iHeart, Spotify and all the other

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podcast hosting sites, so make sure you get in and

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find our programs. We have some very good podcasts on

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Tax Solutions one oh one, Tax Solutions one oh two,

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giving you ideas and how to solve your tax problem

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and get a better solution for what's going on. So Zach,

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in your case, you know own sixty thousand. You know, again,

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we don't know where the debt from, so let's just

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say that debt's you know, ten years ago, nine years ago,

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eight years ago, so it's back tax debt. Well, first off,

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we would want to look at the exact years and

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the exact amounts, because if you're clothing close to ten

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years since you filed those taxes, so right now, maybe

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twenty fourteen could be out there. You could even have

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twenty thirteen's taxes depending on when you filed the tax

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return and then any bumps to the statute of limitations.

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But the statute of limitations runs out after ten years

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of and the taxes were filed and accepted. So if

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you filed twenty fourteen's tax return, let's say you filed

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it in January of twenty sixteen, because you filed late,

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you might be running up on sea sets. So maybe

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putting a delay in place, we'll get part of that

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debt to come falling off. Maybe twenty fifteen's tax debt

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you filed in April of twenty sixteens. You file timely

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and everything, but you just couldn't afford to pay it,

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and this has been lingering debt and growing from penalties

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and interest. Well, again, this may be something we might

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be able to put some holds and delays in place

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to get you to that statute of limitations so that

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the debt falls off in April. So there's going to

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be things that we need to look at and do

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to find out how we can help you. I mean,

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it may be that we can put you in an

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uncollectible status that you may have some assets to pay,

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but you just can't afford because your income and your

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expenses are not such that it allows you the ability

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to pay on this tax debt, and so that would

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get you past the statue of limitations. So little things

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we want to look at to try to get you

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past the statue of limitations. If the debt is that

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old now the debt's more current, non collectible status can

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come into play as well. However, maybe somewhere down the

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road you're looking at increases in pay make you more money.

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You may have other inheritances coming up that you reject

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or see out there. So maybe we don't want you

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in non collectible status. Maybe we want to put you

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into an offering compromise. That is where they settle the

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debt for less than what you will. Now, this is

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what you hear in radio, we're going to do this

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that I'll ever talk about the reasons not to do it.

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They don't ever talk about how you qualify for it.

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Offering compromise. It looks at all your income, all your assets.

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It also limits your expenses to national standards. So they

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have national standards for housing, utilities, food, medical vehicles. So

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you've got to comply with what the national standards are.

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So as long as you can meet all that, maybe

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you can get into an offer and compromise and settle

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this for less than what you owe. Something we'll talk

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about in your free consultation because we'll be able to

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talk a little bit about what is all your assets,

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what the IRS is going to be looking at what

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your income is and all that. But you've got to

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call eight eight eight nine three zero one zero one

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six to get that free consultation, and then we can

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talk about what's going on and how to put the

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right solution in place, and we may determine the upfront

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that a new to be a different solution, and then

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we can come back and go, hey, no, we can

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get you to offer and compromise because this and this

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and make your life better and get the right solution

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that you would qualify based on some changes you have

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in your lifestyle now one of the other options that

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you have out there. Of course, if you can afford

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to pay it in the IRS, determines you can pay it.

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You know, it's going to be an installment agreement, and

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that would be why we would want to put a

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lot of delays in place to get your statute of

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limitations so that that falls off. But it's the stuff

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we've got to do to get to that point so

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that the solution that you have would work for you

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and what you're at. But if you have the money

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to be able to pay them, then the IRS is

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going to expect you to get on an installment agreement

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and pay them as much as money as possible so

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that you know, they're not getting rid of that debt

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and something that you can afford to pay or pay

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down or pay off. But what we've got to do

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is get to the point where the debt does go away,

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get to that statute of limitations so that we can

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set it up. Now, maybe you can afford to pay something,

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but not everything every month. You know, maybe the IRS

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is asking for one thousand or two thousand dollars a month,

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but you can only afford to pay, you know, one

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hundred or five hundred a month. And we determine that, hey,

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this number is correct based on the standards that they

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have based on the information, and we can go to

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the IRS and say, hey, Zach qualifies for a partial

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pay installment agreement, meaning that you're going to pay maybe

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five hundred dollars a month, let's say, for the next

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sixty months, because that's how long they have to collect

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on a certain part of your debt, or it could

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be as long as seventy two months out there, and

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if it's current, then so we put it on for

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the longest term possible. But we prove to them that

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you can only afford to pay let's say, you know,

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five hundred dollars a month, and they wanted maybe fifteen

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hundred or two thousand or something like that. So for

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the next sixty months or so, you'll pay that five

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hundred dollars a month. Well, that thirty thousand you're paying

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it sure beats the sixty thousand, so that means thirty

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thousand dollars that went away. But you also didn't have

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to go out and get a new mortgage or do

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other things. So partial pay installment agreement could be the

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place to go. So you do have other alternatives and

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other options that make things work for you in what

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you have now. If your new year's resolution is we're

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talking about resolutions and we're talking about the new year,

339
00:20:43.319 --> 00:20:46.000
and happy New Year to everybody. If your New year's

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00:20:46.039 --> 00:20:50.440
resolution was tax relief, get this tax situation under control,

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00:20:50.839 --> 00:20:52.960
give us a call eight eight eight nine three zero

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one zero one six eight eight eight nine three zero

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00:20:56.200 --> 00:20:59.000
one zero one six. We have some special offers for

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00:20:59.039 --> 00:21:03.359
you to help get you started, some special deals on

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tax analysis. Just returning in and listening to tax Talk

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00:21:07.079 --> 00:21:12.319
for you and again subscribe follow us at tax talkfor

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00:21:12.440 --> 00:21:16.799
you dot com. That's tax Talk number four letteru dot com. Hey,

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we're gonna take a quick break here we come back.

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We're gonna talk about the importance of bookkeeping and taxes,

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not just for truckers and owner operators like we do

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at Trucker tax Tools dot com, but for small businesses

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all around the country. And we'll do that right after this.

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

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00:21:39.200 --> 00:21:42.440
stand by as Barry Chief Fowler will be right back

355
00:21:42.559 --> 00:21:48.480
with tax Talk for you. As an owner operator, you

356
00:21:48.640 --> 00:21:52.200
already spend too much time away from your family. Trucker

357
00:21:52.279 --> 00:21:55.599
tax Tools handles all your bookkeeping in taxes, no matter

358
00:21:55.640 --> 00:21:58.319
what level trucker you are. Life on the road can

359
00:21:58.359 --> 00:22:01.960
be taxing, but that doesn't mean that your wallet or

360
00:22:02.079 --> 00:22:05.920
time with your family should suffer. Trucker Tax Tools makes

361
00:22:06.039 --> 00:22:09.759
your life run smoothly. Go to Trucker tax Tools dot

362
00:22:09.799 --> 00:22:12.319
com for a free guide that will give you the

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00:22:12.440 --> 00:22:16.960
tools to never worry about your taxes again. Call Trucker

364
00:22:17.000 --> 00:22:21.119
Tax Tools eight seven seven nine sixty six two four

365
00:22:21.519 --> 00:22:25.200
seven seven, or go to Trucker tax Tools dot com

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00:22:25.240 --> 00:22:31.720
now and let the experts keep you trucking. Let's get

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00:22:31.759 --> 00:22:34.759
back to tax stock for you with more tax stock

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once again. Here's your host, Barry G. Faller.

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Hey, welcome back. Hey. I want to tell a shout

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out to Maurice who was listening to the show and

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actually called us to get his trucking companies signed up

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for book keeping. My staffer's message me and I just

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want to say, hey, welcome on board. Marie. You made

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the right decision to come here truck tax tools dot

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00:23:01.160 --> 00:23:07.559
Com and become a part of our family uh bookkeeping

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that we do here for truckers, you know, all across

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the country. You know, I just got to say, you know,

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truck or tax tools dot Com has been built exclusively

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00:23:17.759 --> 00:23:21.759
for truckers at truck or tax tools. We handle all

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00:23:21.799 --> 00:23:25.880
your bookkeeping and your taxes. You know. We established this

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00:23:26.000 --> 00:23:30.119
company because we understood a long time ago how important

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00:23:30.160 --> 00:23:34.240
the transportation industry is to our country's economy and to

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help truckers, you know, stay on the road and not

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be interfered with by the I R s and in

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00:23:41.839 --> 00:23:47.720
delinquent taxes. Uh, you know, Taxation Solutions dot net tax Relief,

386
00:23:48.240 --> 00:23:52.480
you know, established a whole department and became its own company, uh,

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00:23:52.720 --> 00:23:56.160
just to service the trucking industry, because we did a

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lot of tax relief for truckers around the country, partly

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00:24:00.480 --> 00:24:04.880
thanks to our association with IDA and its Owner Operators

390
00:24:04.920 --> 00:24:08.640
Independent Drivers Association, which if you're an independent driver, oh

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00:24:08.759 --> 00:24:11.079
IDEA is a great place to have a membership, and

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00:24:11.119 --> 00:24:17.079
it's relatively inexpensive to become a member over there. And

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I also speak at their Truck to Success seminar that

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they put on every year. They may be putting this

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on at Mid American Trucking Show coming up in March,

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and we're still waiting to hear what their plans are

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and if they're actually going to do this or not.

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Coming up at the Mid American Trucking Show bookkeeping and

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taxes as a small business person, whether you're in the

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trucking industry or whether you are a small business person.

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And I have to say, small businesses are the backbone

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of the United States. That's why we're here. That's why

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we help many small businesses all across the country with

404
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their payroll, tax problems, with their other tax problems, and

405
00:25:02.319 --> 00:25:05.240
the owners with their tax debt that they have as well.

406
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But having good bookkeeping and having somebody that's knowledgeable about

407
00:25:12.599 --> 00:25:16.599
not just you know, bookkeeping, but your industry as well

408
00:25:17.039 --> 00:25:22.079
helps your business run smoothly. You know, as an owner operator,

409
00:25:22.119 --> 00:25:24.759
as a small business person, you need to know how

410
00:25:24.759 --> 00:25:28.079
your business is doing. Am I making money? It's just

411
00:25:28.160 --> 00:25:30.440
not going and flying by the seat of pants. How

412
00:25:30.480 --> 00:25:32.400
much money do I have in my bank account or

413
00:25:32.440 --> 00:25:35.599
how much money do I have in my pocket? But

414
00:25:36.039 --> 00:25:41.000
by actually assessing your actual business performance, you know, you

415
00:25:41.079 --> 00:25:44.839
know trucking, we know trucking, bookkeeping at truck or tax tools,

416
00:25:45.000 --> 00:25:47.839
and we know truck or taxes. So you know, we

417
00:25:48.279 --> 00:25:51.720
tell you to find somebody who specializes in your business.

418
00:25:52.119 --> 00:25:56.519
A really funny part is is Taxation Solutions has also

419
00:25:56.599 --> 00:25:59.839
gotten into doing bookkeeping for daycares, around the country. Now

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00:26:00.720 --> 00:26:04.160
not in Minnesota for the smiles. We don't deal with

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00:26:04.200 --> 00:26:08.640
those those there, But we do have various daycares around

422
00:26:08.640 --> 00:26:12.920
the country and actually have kids in their daycares, so

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00:26:13.079 --> 00:26:15.880
they do take care of the kids and everything else

424
00:26:15.960 --> 00:26:18.920
out there. You know, I'm amazed at how much fraud

425
00:26:18.920 --> 00:26:21.680
there is in the government. I'm amazed at how much

426
00:26:21.720 --> 00:26:26.119
fraud there is in certain areas of the country and

427
00:26:26.160 --> 00:26:29.400
in different industries. That one just kind of amazes me

428
00:26:29.519 --> 00:26:32.079
more than any other one. That they were able to

429
00:26:32.119 --> 00:26:34.319
get away with this and be able to do this

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for as many years as they have. Not to mention,

431
00:26:37.400 --> 00:26:40.119
you heard reports of them taking millions of dollars through

432
00:26:40.119 --> 00:26:43.720
the airports. My gosh, I thought that had to be paperwork,

433
00:26:43.799 --> 00:26:45.680
had to be filled out, and somebody's looking at it.

434
00:26:46.240 --> 00:26:49.160
I guess nobody looks at it. Just fill it out,

435
00:26:49.279 --> 00:26:52.400
sign it, and you go, Hey, who am I to say?

436
00:26:52.480 --> 00:26:54.640
I don't work for the government. I don't run the government.

437
00:26:55.799 --> 00:27:00.960
Nobody ever pointed me king. So therefore, we're just here

438
00:27:01.039 --> 00:27:04.839
doing our job. Help you do your job and run

439
00:27:04.880 --> 00:27:11.759
your business more smoothly. Our experience helps you maximize your profit,

440
00:27:12.079 --> 00:27:19.960
minimize your taxes, and providing straightforward advice. So what's the

441
00:27:20.000 --> 00:27:23.559
importance of bookkeeping? You know, we scratched the surface and said, hey,

442
00:27:23.599 --> 00:27:25.359
you know, is to help you run your business better?

443
00:27:25.519 --> 00:27:29.880
Is do this do that? Well? What it really is

444
00:27:29.880 --> 00:27:32.359
is the foundation to be able to look at how

445
00:27:32.400 --> 00:27:36.599
your business is actually performing good, bad, or indifferent. So

446
00:27:37.319 --> 00:27:40.519
as every small business does out there, You've got your

447
00:27:40.519 --> 00:27:43.079
income and you kind of know a little bit about

448
00:27:43.119 --> 00:27:46.680
your expenses and everything else, but until you actually do

449
00:27:46.720 --> 00:27:48.519
the bookkeeping behind it, you don't know where you're at

450
00:27:48.559 --> 00:27:51.480
and how you're doing. All you are seeing is the

451
00:27:51.480 --> 00:27:55.240
bank account goes up, goes down. But why where's the

452
00:27:55.240 --> 00:27:58.400
money going? You know, you're spending too much money on advertising,

453
00:27:58.480 --> 00:28:00.799
not enough money out on advertising. Is your cost of

454
00:28:00.839 --> 00:28:04.240
goods sold higher than the prices that you're selling your

455
00:28:04.279 --> 00:28:06.920
goods for? Is the cost of providing service? Like a

456
00:28:06.960 --> 00:28:10.720
trucking company, if the cost of fuel, the cost of

457
00:28:10.839 --> 00:28:17.039
tolls scales, all these costs that you have being on

458
00:28:17.079 --> 00:28:20.319
the road as a trucker, and then you look at

459
00:28:20.400 --> 00:28:22.519
what you're charging out there, and all of a sudden

460
00:28:22.960 --> 00:28:25.680
it doesn't make sense. If you're a trucker, you should

461
00:28:25.720 --> 00:28:28.440
know you cost per mile. We have some great worksheets

462
00:28:28.480 --> 00:28:34.319
that we work with. We redesigned our complete financial statements

463
00:28:34.799 --> 00:28:37.960
so that they're more readable for those in the trucking

464
00:28:38.000 --> 00:28:43.000
industry to more completely understand what they're looking at in

465
00:28:43.400 --> 00:28:46.559
the trucking industry, So what's their bottom line. They're able

466
00:28:46.559 --> 00:28:48.880
to go in and look at their fixed costs and

467
00:28:48.920 --> 00:28:51.400
what their fixed cost is per mile, and then what's

468
00:28:51.440 --> 00:28:54.599
their variable cost per mile? What can you control? And

469
00:28:54.880 --> 00:28:57.319
so looking at those two things, you can know how

470
00:28:57.359 --> 00:28:59.519
to run your business a little bit more so, if

471
00:28:59.559 --> 00:29:01.839
somebody saying, hey, I'm going to pay you X number

472
00:29:01.880 --> 00:29:04.720
dollars per mile to take this load, and we're just

473
00:29:04.759 --> 00:29:07.039
going to use some round numbers. Your cost to run

474
00:29:07.079 --> 00:29:10.279
per mile is let's say seventy five cents a mile.

475
00:29:10.599 --> 00:29:13.920
Is your costs fixed and they're only willing to pay

476
00:29:13.960 --> 00:29:17.599
you eighty cents. You're only making five cents? How's that

477
00:29:17.640 --> 00:29:20.200
going to cover fuel? It's not why I take the load.

478
00:29:20.519 --> 00:29:23.920
You don't. You're losing money taking that load. You're losing

479
00:29:23.960 --> 00:29:29.119
money sitting still, but you're losing money taking that load. Now, now,

480
00:29:29.160 --> 00:29:32.839
maybe with your variable costs and everything, you're up to

481
00:29:33.400 --> 00:29:36.279
let's say ninety seven cents and they're willing to pay

482
00:29:36.359 --> 00:29:39.599
you a dollar five. Well, now you're making a little

483
00:29:39.599 --> 00:29:43.160
bit of money. But again you got to determine what's

484
00:29:43.200 --> 00:29:45.880
it worth. How many miles are you going? Are you

485
00:29:45.960 --> 00:29:48.240
going to dead head back? Or do you have a

486
00:29:48.319 --> 00:29:50.559
load coming back? So you take a load and then

487
00:29:50.599 --> 00:29:53.319
your load coming back. So you've got to look at

488
00:29:53.359 --> 00:29:55.839
both so that you know that, hey, I'm going to

489
00:29:55.880 --> 00:29:58.920
be making money in this business. Now, it's the same

490
00:29:58.960 --> 00:30:01.279
with every other business are out there kind of have

491
00:30:01.359 --> 00:30:04.960
good bookkeeping to be able to do financial analysis of

492
00:30:05.000 --> 00:30:08.400
how am I making money? How am I succeeding? Do

493
00:30:08.480 --> 00:30:10.680
I have the right amount of staff? Maybe you've overstaffed

494
00:30:10.720 --> 00:30:13.400
and you're losing money. Maybe you're making a ton of money,

495
00:30:13.400 --> 00:30:16.079
but you're not able to keep up with the production,

496
00:30:16.519 --> 00:30:19.400
so you need more staffing, or maybe you need better equipment.

497
00:30:21.480 --> 00:30:23.519
These are all things that you've got to sit in

498
00:30:23.680 --> 00:30:27.160
and look at and say, hey, does this make sense

499
00:30:27.359 --> 00:30:30.759
for me in my business? Run the numbers? Now am

500
00:30:30.799 --> 00:30:34.400
I getting every deduction that I'm entitled to? That's something

501
00:30:34.400 --> 00:30:37.319
else you've got to look at in your bookkeeping. So

502
00:30:37.839 --> 00:30:40.440
when I'm looking at my bookkeeping, you know, we want

503
00:30:40.480 --> 00:30:44.720
to make sure that you know, you have the information

504
00:30:44.880 --> 00:30:47.880
that you need to run your business, and then you're

505
00:30:47.920 --> 00:30:51.960
finding every deduction that you possibly can. Now that goes

506
00:30:51.960 --> 00:30:55.119
to say is that when I talk at try Success

507
00:30:55.119 --> 00:30:58.720
seminars and I'm talking about bookkeeping and taxes, we're trying

508
00:30:58.720 --> 00:31:01.160
to find every single expect so you can run through

509
00:31:01.200 --> 00:31:03.960
your business that is business related. Now, some of those

510
00:31:03.960 --> 00:31:07.480
expenses you may have anyway, whether you're running a business

511
00:31:07.559 --> 00:31:09.920
or you're not running a business. But isn't it better

512
00:31:09.920 --> 00:31:12.960
to pay with stuff that is four tax than a

513
00:31:13.359 --> 00:31:17.480
money after tax? So we always use a good example

514
00:31:17.599 --> 00:31:20.000
a cell phone, so you use it for both business

515
00:31:20.000 --> 00:31:24.039
and person. But if you're not deducting the business side

516
00:31:24.200 --> 00:31:27.160
of that cell phone, then you're paying with it after

517
00:31:27.279 --> 00:31:30.599
tax instead of pre tax. How much does it really

518
00:31:30.640 --> 00:31:33.720
cost you. Let's say your business side of your phone

519
00:31:33.720 --> 00:31:36.319
bills one hundred dollars a month. It's only twelve hundred

520
00:31:36.359 --> 00:31:40.279
dollars a year, right, right, But if you're self employed

521
00:31:40.839 --> 00:31:43.319
and you're going to pay fifteen percent of that right

522
00:31:43.359 --> 00:31:46.440
off the top, it's one hundred and eighty dollars that

523
00:31:47.119 --> 00:31:50.599
you would pay in tax on that money. Now, one

524
00:31:50.680 --> 00:31:52.720
hundred eight dollars isn't really that big of a deal. Well,

525
00:31:52.799 --> 00:31:55.720
it is if you find a lot of those and

526
00:31:55.759 --> 00:31:58.920
they add up. So would you rather kept that one

527
00:31:59.000 --> 00:32:01.359
hundred and eighty dollars, Now that's just one hundred and

528
00:32:01.400 --> 00:32:03.920
eighty dollars was just the Social Security and Medicare tax

529
00:32:03.920 --> 00:32:06.880
out at fifteen point three percent roughly, But you also

530
00:32:06.920 --> 00:32:09.440
say money on income tax, and if you happen to

531
00:32:09.480 --> 00:32:12.319
be in a twenty percent tax bracket, while you're talking

532
00:32:12.359 --> 00:32:16.160
about possibly another two hundred dollars on top of that,

533
00:32:16.519 --> 00:32:18.680
So now we're talking a neighborhood of three hundred and eighty.

534
00:32:18.880 --> 00:32:20.599
It's a lot of money to keep in your pocket.

535
00:32:21.079 --> 00:32:23.000
You can buy a lot of things for that kind

536
00:32:23.000 --> 00:32:25.200
of money. So it's money you're not giving to the

537
00:32:25.200 --> 00:32:28.480
government because you're spending this money anyway. But you related

538
00:32:28.519 --> 00:32:31.599
it to business because it is business expense. You know,

539
00:32:31.640 --> 00:32:34.359
maybe you're doing small things and you happen to run

540
00:32:34.400 --> 00:32:36.839
them through your personal account, but you didn't think about

541
00:32:36.839 --> 00:32:41.039
them as business. Fire extinguishers, ice grapers, little things like

542
00:32:41.079 --> 00:32:45.160
that should be business expenses. Things that you're going to

543
00:32:45.200 --> 00:32:49.039
put your use into the truck could be business expenses.

544
00:32:49.079 --> 00:32:51.799
So you want to make sure you've got that over

545
00:32:51.839 --> 00:32:54.680
there so that you are doing things right and getting

546
00:32:54.680 --> 00:32:58.200
the most bang for the dollar, and you're deducting everything

547
00:32:58.319 --> 00:33:03.720
you could possibly deduct for your business. So get started

548
00:33:03.720 --> 00:33:08.559
on good bookkeeping started today. I mean this is like

549
00:33:08.759 --> 00:33:11.160
the first week at full week of the year, and

550
00:33:11.400 --> 00:33:14.279
it's a great time to start your bookkeeping now so

551
00:33:14.359 --> 00:33:18.759
that you can save as much money as possible. Give

552
00:33:18.960 --> 00:33:21.839
Trucker Tax Tools call at eight seven seven nine six

553
00:33:21.960 --> 00:33:24.599
six two four seven seven Andy. That being said, we're

554
00:33:24.599 --> 00:33:26.759
going to talk more about taxes and bookkeeping for your

555
00:33:26.799 --> 00:33:30.240
small business and owner operators right after this quick break.

556
00:33:30.799 --> 00:33:36.200
Today we have only scratched the surface of today's show.

557
00:33:36.799 --> 00:33:40.119
Please stand by as Barry gif Fowler will be right

558
00:33:40.160 --> 00:33:46.039
back with tax talk for you as an owner operator.

559
00:33:46.240 --> 00:33:49.079
You already spend too much time away from your family.

560
00:33:49.640 --> 00:33:53.640
Stop spending time doing payerwork. Go to Trucker tax tools

561
00:33:53.680 --> 00:33:58.440
dot com a solution built specifically for truckers. Trucker tax

562
00:33:58.440 --> 00:34:04.799
tools dot Com makes your life run smoothly. Let's get

563
00:34:04.839 --> 00:34:07.839
back to tax stock for you with more tax stock

564
00:34:08.440 --> 00:34:14.440
once again, here's your host, Barry G. Fallum.

565
00:34:14.519 --> 00:34:18.559
Hey, welcome back, Happy New Year, New year, new resolutions,

566
00:34:18.679 --> 00:34:22.599
and the resolution now is to get good bookkeeping, great

567
00:34:22.639 --> 00:34:26.519
tax service to help your trucking company as an owner

568
00:34:26.599 --> 00:34:30.719
operator or even as your small business operator that's out

569
00:34:30.760 --> 00:34:35.880
there because hey, everybody needs good help in reducing the

570
00:34:35.920 --> 00:34:38.800
taxes that they're going to go. Noh. Now, we do

571
00:34:38.960 --> 00:34:42.840
this a lot with bookkeeping, and just to let you

572
00:34:42.920 --> 00:34:45.320
know that bookkeeping fees that we charge and the tax

573
00:34:45.360 --> 00:34:48.480
fees we charge are deductible for your business. Again, another

574
00:34:48.599 --> 00:34:51.599
tax savings for you. It actually lowers the cost of

575
00:34:51.679 --> 00:34:55.000
actually having a bookkeeping service because you know it's deductible

576
00:34:55.320 --> 00:34:58.199
and you're saving money on taxes because you have a

577
00:34:58.199 --> 00:35:02.239
bookkeeping and tax service as well as us finding every

578
00:35:02.239 --> 00:35:05.239
deduction you could possibly have for your business out there.

579
00:35:05.280 --> 00:35:08.920
So get started today. Call us at eight seven seven

580
00:35:09.039 --> 00:35:12.400
nine sixty six two four seven seven again eight seven

581
00:35:12.559 --> 00:35:15.840
seven nine sixty six two four seven seven. Our rate

582
00:35:15.880 --> 00:35:20.119
start at twenty five dollars a week, inexpensive. It's designed

583
00:35:20.360 --> 00:35:24.159
with your budget in mind. Now, when we talk about taxes,

584
00:35:24.639 --> 00:35:27.519
we kind of look at different things in different solutions

585
00:35:27.559 --> 00:35:30.639
for your your taxes and lowering those taxes. You know,

586
00:35:30.639 --> 00:35:34.880
if your schedule c and you know your that income

587
00:35:35.159 --> 00:35:37.800
is you know, around forty to sixty thousand or so

588
00:35:38.920 --> 00:35:41.920
you're probably just as good as a schedule CEE. Okay.

589
00:35:42.000 --> 00:35:45.320
From a tax standpoint, yes you're going to get hit

590
00:35:45.360 --> 00:35:48.320
with so security and medicare fifteen point three percent, and

591
00:35:48.480 --> 00:35:50.800
yes you're going to get hit with federal income tax

592
00:35:50.840 --> 00:35:53.800
depending on whatever rate you're in. But you're pretty much

593
00:35:53.880 --> 00:35:57.559
no matter whether you're a LLC if you're single member

594
00:35:57.679 --> 00:36:00.639
you're still on Schedule C, or whether you're an INK

595
00:36:01.559 --> 00:36:04.400
and you're recognized as an escorp or you're an LLC

596
00:36:04.679 --> 00:36:08.960
recognized as an escorp, you've got to have reasonable wages.

597
00:36:09.280 --> 00:36:11.599
So therefore you're going to be right in that neighborhood

598
00:36:12.000 --> 00:36:16.599
and the fees that go along with somebody doing a

599
00:36:16.639 --> 00:36:19.800
corporate tax return. And then if you're an escorp doing

600
00:36:19.880 --> 00:36:23.880
payroll because you as an owner, as an es corp

601
00:36:24.039 --> 00:36:28.519
owner or subject to having reasonable wages which must be

602
00:36:28.599 --> 00:36:34.239
done through payroll, so doesn't necessarily make it worth the

603
00:36:34.519 --> 00:36:38.559
BS you've got to go through to do everything right

604
00:36:38.960 --> 00:36:43.440
as a business owner, you want to keep it somewhat simplified.

605
00:36:44.039 --> 00:36:47.599
But you know, if you start making above that sixty

606
00:36:47.639 --> 00:36:51.840
thousand threshold, maybe you're netting one hundred or two hundred

607
00:36:51.880 --> 00:36:56.119
or three hundred or four hundred or million dollars escort

608
00:36:56.440 --> 00:37:00.119
or multi member LLC. If you've got partners maybe the

609
00:37:00.199 --> 00:37:03.559
ideal way to go maybe in eleven twenty might be too.

610
00:37:03.639 --> 00:37:07.159
There's different options and different reasons for both. But it's

611
00:37:07.280 --> 00:37:11.480
tax strategies like that that you've got to consider to

612
00:37:11.599 --> 00:37:14.559
look at. Now we talk about it, and I've seen

613
00:37:14.559 --> 00:37:17.360
people jump off the deep end and jump into an

614
00:37:17.440 --> 00:37:20.960
escort when they shouldn't be, or jump in and became

615
00:37:21.079 --> 00:37:23.960
an eleven twenty when they should have never been an

616
00:37:23.960 --> 00:37:27.800
eleven twenty, which is a c court. What I tell

617
00:37:27.840 --> 00:37:31.840
you is when you startablish your company, read the irs

618
00:37:32.000 --> 00:37:35.960
letters with your employer identification number. So we've had to

619
00:37:36.480 --> 00:37:40.119
bail a few companies out because they didn't read their letters.

620
00:37:41.000 --> 00:37:44.239
We had to go back and file their escort returns

621
00:37:44.320 --> 00:37:47.599
or their partnership returns that were they were required to

622
00:37:47.639 --> 00:37:50.000
file from the beginning, but they didn't read the letter

623
00:37:50.039 --> 00:37:53.000
and didn't give it to their accountant, or their account

624
00:37:53.039 --> 00:37:54.599
ignored it and said, oh, I got a better way

625
00:37:54.599 --> 00:37:58.199
of doing it. They were wrong. So unless you elect

626
00:37:58.320 --> 00:38:01.679
the right status, you've got to file the right returns

627
00:38:01.719 --> 00:38:06.400
based on what that employer identification number letter said. So

628
00:38:06.480 --> 00:38:09.400
your EI in letter will tell you everything you need

629
00:38:09.440 --> 00:38:11.840
to know. Also, if you read that letter, don't skip

630
00:38:11.880 --> 00:38:15.440
on payroll if you're required to do payroll. SS four

631
00:38:15.519 --> 00:38:17.559
seems like a really simple form when you go in

632
00:38:18.000 --> 00:38:22.519
filing for your employer identification number, but every box on

633
00:38:22.679 --> 00:38:26.320
that form means something, And when you fill out that

634
00:38:26.400 --> 00:38:29.360
form and submit it, then the IRS comes back and

635
00:38:29.480 --> 00:38:34.039
gives you how you're supposed to file. Now, two things.

636
00:38:34.199 --> 00:38:39.440
Eleven twenty S is a separate election from the SS

637
00:38:39.559 --> 00:38:42.519
four SS four. You can put on there that you

638
00:38:42.639 --> 00:38:46.960
want to be in eleven twenty s, which is an escort. However,

639
00:38:47.679 --> 00:38:51.239
you have to make a separate election after you get

640
00:38:51.280 --> 00:38:56.360
your employer identification number to have your company recognized as

641
00:38:56.400 --> 00:39:01.360
an escort. If you are an Inc. James Widgets, Inc.

642
00:39:02.000 --> 00:39:05.039
You would be recognized as an eleven twenty right from

643
00:39:05.039 --> 00:39:07.719
the beginning. That means you've got to file a tax

644
00:39:07.760 --> 00:39:11.639
form at eleven twenty and pay the corporate income tax

645
00:39:11.960 --> 00:39:16.039
at that corporate income tax rate. Distributions to you are

646
00:39:16.559 --> 00:39:23.679
considered dividends, which are taxable again on your personal tax returns.

647
00:39:23.840 --> 00:39:28.079
The company paid tax, then the profits that's left you

648
00:39:28.119 --> 00:39:31.440
did a dividend to yourself and it gets tax. Now

649
00:39:31.440 --> 00:39:33.679
you also have to do payrolls. If you're working in

650
00:39:33.760 --> 00:39:36.599
the business, you should be on payroll, and so now

651
00:39:36.639 --> 00:39:41.599
you've got to run payroll as well. From your eleven twenty. Now,

652
00:39:41.639 --> 00:39:44.400
if you had somebody working with you and you actually

653
00:39:44.480 --> 00:39:46.960
made the election to be an escort, that is another

654
00:39:47.000 --> 00:39:49.320
return that has to be filed, whether you have income

655
00:39:49.360 --> 00:39:52.679
coming or not. You can't be dormant for a year

656
00:39:52.840 --> 00:39:56.000
or two years. You have to file every single year's

657
00:39:56.039 --> 00:40:01.239
tax return, whether you have income or not. So then

658
00:40:01.360 --> 00:40:03.559
if you're working in the business, you have to have

659
00:40:03.599 --> 00:40:07.519
a reasonable salary and then you file your eleven twenty

660
00:40:07.800 --> 00:40:11.199
s Now, if you were making enough money, that just

661
00:40:11.320 --> 00:40:15.400
saved you sold security and medicare of any difference between

662
00:40:15.440 --> 00:40:19.679
your wages and your net income. So the net income

663
00:40:19.840 --> 00:40:23.159
is distributed to you via a K one whether you

664
00:40:23.199 --> 00:40:25.679
took the money or not, and goes to your personal

665
00:40:25.719 --> 00:40:28.800
tax return and your tax over there for the federal

666
00:40:28.800 --> 00:40:31.679
income tax on it, no solid security, no medicare on it,

667
00:40:32.920 --> 00:40:36.119
so you don't have to worry about that side of it.

668
00:40:36.480 --> 00:40:39.159
You still pay the federal income tax, but only on

669
00:40:39.199 --> 00:40:43.000
the personal side, so then you get rid of double

670
00:40:43.039 --> 00:40:46.840
taxation that you had with an eleven twenty eleven twenty

671
00:40:46.920 --> 00:40:49.840
S is a pass through company, which means the net

672
00:40:49.840 --> 00:40:53.480
incomes passed through to you and your tax over there.

673
00:40:54.400 --> 00:40:59.519
Still makes that book keeping for you important to make

674
00:40:59.559 --> 00:41:03.719
sure that you are getting every deduction that you need

675
00:41:04.199 --> 00:41:09.159
for your business, and not only that, but getting yourself

676
00:41:09.760 --> 00:41:12.400
the support you need for your business to be able

677
00:41:12.440 --> 00:41:16.320
to identify those potential deductions, reduce the taxes at every

678
00:41:16.639 --> 00:41:20.960
corner and you possibly can and give you the financial

679
00:41:21.000 --> 00:41:24.159
statements to run your business. Now, we're also talking about

680
00:41:24.199 --> 00:41:27.880
saving money on taxes, which means using tax strategies to

681
00:41:27.960 --> 00:41:32.480
get there. So there's different ways to go about it.

682
00:41:32.599 --> 00:41:35.400
So the other one we talked about was an LLC.

683
00:41:35.679 --> 00:41:38.920
So there's two different types of LLC's. It's single member

684
00:41:39.159 --> 00:41:43.239
LLC that is a sole proprietorship. It's taxed on your

685
00:41:44.519 --> 00:41:47.400
schedule see on your ten forty and subject one hundred

686
00:41:47.440 --> 00:41:50.320
percent of Social Security and Medicare tax on your bottom line.

687
00:41:50.800 --> 00:41:55.480
There is the second type which you get it recognized

688
00:41:55.519 --> 00:41:58.119
as an escort, which we just finished talking about, and

689
00:41:58.199 --> 00:42:00.440
then there's actually a third one where you actually have

690
00:42:00.559 --> 00:42:03.639
partners so you don't have a single member l see

691
00:42:03.679 --> 00:42:06.039
you have a multi member So whether there's one member,

692
00:42:06.119 --> 00:42:09.719
two members, three members, for whatever it is, the number

693
00:42:09.760 --> 00:42:12.280
you've got is the number of partners you have. Each

694
00:42:12.320 --> 00:42:14.559
one is going to get a K one with their

695
00:42:14.639 --> 00:42:18.000
percentage of ownership from the net income from the business,

696
00:42:18.400 --> 00:42:21.719
including husband and wives. Maybe you set this business up

697
00:42:21.840 --> 00:42:24.559
or maybe you should set it up to where you

698
00:42:24.719 --> 00:42:27.880
both own part of the business. Now you have a

699
00:42:28.039 --> 00:42:31.960
multi member LLC. Now, the nice part about a multi

700
00:42:32.000 --> 00:42:35.880
member LLC, if you don't have any employees, you don't

701
00:42:35.960 --> 00:42:40.519
have to have payroll. So no employees, no payroll. Now

702
00:42:41.000 --> 00:42:43.880
you as a business owner that's working in the business

703
00:42:44.119 --> 00:42:49.199
still has to have technically a reasonable salary. Now, how

704
00:42:49.280 --> 00:42:50.880
do they do that in a partnership? If I don't

705
00:42:50.880 --> 00:42:53.159
have to do payroll, we do it through what is

706
00:42:53.280 --> 00:42:58.320
called guaranteed payments to partners. Now, they offer guaranteed payments

707
00:42:58.400 --> 00:43:02.760
for capital. They offer guaranteed payments for working in the business.

708
00:43:03.559 --> 00:43:05.480
So if you put a lot of capital into the business,

709
00:43:06.000 --> 00:43:09.000
you may be able to take guaranteed payments for the

710
00:43:09.320 --> 00:43:12.679
excess capital that you've put in the business above somebody

711
00:43:12.719 --> 00:43:16.960
else's based on your ownership percentages. The other side is

712
00:43:17.159 --> 00:43:20.440
what is a reasonable wage for what you do in

713
00:43:20.519 --> 00:43:23.800
the business, and then it goes as a guaranteed payments

714
00:43:24.360 --> 00:43:28.760
for services. Now that is the only amount of subject

715
00:43:29.079 --> 00:43:32.239
to Social Security and Medicare, So the whole bottom line

716
00:43:32.320 --> 00:43:35.760
isn't subject to it. Only what is considered to be

717
00:43:35.840 --> 00:43:39.400
a guaranteed payment to you. The partner work in the business.

718
00:43:40.000 --> 00:43:41.920
So if it's a husband wife, we can set up

719
00:43:41.920 --> 00:43:45.039
guaranteed payments for the husband or the wife that's the

720
00:43:45.119 --> 00:43:47.920
driver of a trucking company, or it's driving the business.

721
00:43:48.400 --> 00:43:50.320
Maybe the other one doesn't do anything, is really a

722
00:43:50.440 --> 00:43:54.679
silent partner. But if they're there so that you can

723
00:43:54.760 --> 00:43:58.920
file out partnership return, save the hassle of doing in

724
00:43:58.960 --> 00:44:02.920
eleven twenty us making that election and then doing payroll

725
00:44:03.000 --> 00:44:06.679
services and paying payroll taxes. This is you continue to

726
00:44:06.719 --> 00:44:11.400
make your estimated tax payments every quarter, but you don't

727
00:44:11.480 --> 00:44:14.679
have to worry about all the other stuff that we've

728
00:44:14.719 --> 00:44:22.400
got going on. So that is what we need to do. Now.

729
00:44:22.800 --> 00:44:27.679
The real nice thing is is real nice thing is

730
00:44:27.840 --> 00:44:31.000
is every Monday at ten am Eastern time, we're right

731
00:44:31.039 --> 00:44:33.400
here at Tax Talk for you. You don't have to

732
00:44:33.480 --> 00:44:35.599
ever miss an episode at Tax Talk for you. You

733
00:44:36.199 --> 00:44:41.320
can follow us over on Facebook making sure that you

734
00:44:41.519 --> 00:44:45.199
have the information that you need. To watch a show

735
00:44:45.320 --> 00:44:48.320
every Monday at ten am Eastern time. Hey, we ran

736
00:44:48.599 --> 00:44:51.320
really late here, so we are out of time again.

737
00:44:51.840 --> 00:44:54.440
Connect with us every Monday ten am on W four

738
00:44:54.519 --> 00:44:57.639
CY Radio. Never miss an episode by going to Tax

739
00:44:57.719 --> 00:45:01.440
Talk the number four LETTERU dot com and following us

740
00:45:01.480 --> 00:45:03.679
over there, and we'll see you next week. Have a

741
00:45:03.719 --> 00:45:05.320
god blessed, glorious week.

742
00:45:07.199 --> 00:45:10.320
Are you an individual or business that wants to understand

743
00:45:10.440 --> 00:45:13.719
taxes and how they affect you? Are you looking for

744
00:45:13.880 --> 00:45:19.239
specific tax advice for self employed business owners and truckers.

745
00:45:19.880 --> 00:45:23.880
Are you behind on taxes and your bookkeeping? Are you

746
00:45:24.039 --> 00:45:27.000
dealing with the irs and ready to have some relief,

747
00:45:27.840 --> 00:45:31.599
then you need Tax Talk for you, hosted by tax

748
00:45:31.719 --> 00:45:36.239
and trucker expert Barry g. Fouer Ea. Tune in ten

749
00:45:36.320 --> 00:45:40.360
am Eastern time every Monday right here on W FOURCY

750
00:45:40.519 --> 00:45:43.719
Radio and Talk for TV. Don't forget to check this

751
00:45:44.079 --> 00:45:48.559
and past episodes at tax TALKFORU dot com. See you

752
00:45:48.679 --> 00:45:51.599
next week at W fourcy dot com