May 5, 2025

Tax Deadline has passed not what?

Tax Deadline has passed not what?
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Season 2

Tax dealines have passed, extensions filed, taxes due, when to pay, when to file. All the things you need to know after the April 15th deadline. When extension is due, estimated tax dates and amount due with each quarterly payment. #trucking

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 explicitor implies shall be extended to W FOURCY Radio

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or its employees are affiliates. Any questions or comments should

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be directed to those show hosts. Thank you for choosing

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W FOURCY Radio.

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Barry gen Fouler EA brings you tax talk for you

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right here on W four CY Radio and Talkboard 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.

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For individuals and businesses just like you. So let's have

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some tax talk for you with your hosts. Barry gen Foulay,

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welcome man, We're Monday.

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Hey, let's get off to a good start this week.

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You know, we all got up. It's a great day.

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Sometimes days like this can be hard days. Sometimes it's

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an easy start to the week. You know, we make

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what we make out of It depends sometimes on your attitude.

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Sometimes your attitude depends on other people. You let the

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other people's attitudes roll off your back and let's get

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started in a great week. You know. Tax deadline passed

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back on April fifteenth. Now what do you do. Do

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we just ignore taxes for all of twenty twenty five

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and act like it's not there. Do we start planning?

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What do we need to do? Maybe you didn't file

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and you have an extension and you need to get

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ready to file your taxes, you know, before October, or

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if you running a partnership or an escort, you've got

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to get them filed in September. So everything is about

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getting ready, being ready, and following through with either your

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plan or you know, the items that you need to

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take care of in twenty twenty five. So, whether you

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filed your tax return or filed an extension, one of

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the first things you need to be paying attention to

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is do you have to make estimated tax payments? That

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first estimated tax payment was also due April fifteenth, and

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that kind of double witching hour out there they get

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to hit with twenty fours taxes, and then you got

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to start paying on twenty five taxes. So if you

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are running a small business or maybe you under withhold

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on your W two paycheck, you possibly have to make

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estimated tax payments. Now, the IRS isn't really nice about this.

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They don't truly give you quarterly estimated tax payments that

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you would think of. You know, the first one was

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due April fifteenth, your second one is due June fifteenth,

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then September fifteenth, and then all the way to January

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fifteenth of twenty twenty six. Those are the four estimated

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tax payments you are required to make if you're required

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for estimated taxes, and you've got to make sure you're

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paying those in and paying the right amount to avoid

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penalties and interest on estimated tax payments. It becomes as

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simple as that. We have a whole podcast on estimated

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tax payments. If you need to know how to figure

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those out, go to tax talkforu dot com. Subscribe there,

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and then you can see all the prior podcasts and

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find the one that has estimated tax payments on it

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as well. Now, so maybe you don't have to make

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estimated tax payments, but you did your estimate for twenty

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twenty four and you found out that hey, you're going

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to ohs, but you didn't want to file. Then, unfortunately,

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the IRS did require you to pay all taxes due

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for twenty twenty four, at least up to ninety percent

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of them. And you know on April fifteenth or before,

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whether you filed or not, that extension of time is

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only the file not to pay. So maybe you're going

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to still, oh, what do you do? You know, we

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kind of suggest going into IRS DOT go go in

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and make payments, make periodic payments on that even up

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to the time that you file. Make sure you record

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those payments properly in the right year or the right

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tax and that way, maybe the penalties are reduced a

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little bit less interest and you're making the initiative to

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pay on it, or maybe you've already filed and you ow.

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We'll kind of get into that in a few minutes

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in talking about what to do when you owe, and

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maybe you don't just owe for twenty twenty four, but

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maybe you owe for twenty three, twenty two, twenty one.

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You know, those are the kind of things that you

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you've got to deal with because interest and penalties continue

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to mount month after month on the taxes that you. Oh, now,

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if you're running a business, you maybe your partnership, maybe

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your escort, and you need to file those taxes. Hey,

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one of the things that you need to do being

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in business is have good bookkeeping. You know, bookkeeping is

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not a guestimate. You know, we've had clients come to

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us with guestimates, and how do you know it's a

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guestimate because of the inconsistency or the consistency of the

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numbers inconsistent with normal operations of business. You know, we

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have been doing taxes a very long time. We kind

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of can tell when somebody is just providing us numbers

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that they just decided to give you on a whim.

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And if we can tell it without any extensive you know,

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AI or logarithms on these, the IRS is going to

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tell by their extensive computer analysis that they continued to do.

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Or maybe you came to us with round numbers. See

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this is an IRS red flag. And you know we

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talk about IRS red flags all the time, but round numbers.

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So if you are a trucker, by the way, we

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do trucker bookkeeping. So if you get a Trucker Tax

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Tools dot com. You can sign up over there for bookkeeping.

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It's just strictly twenty five dollars a week, simple, easy,

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cost effective keeping up with your bookkeeping. But we've had

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class come to us with round numbers. You know, if

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you're out there transporting goods and you're going to tell

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us that your maintenstrument repairs was forty thousand, your fuel

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was fifty thousand, your travel meals was ten thousand, office

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supplies were two thousand, insurance was sixteen thousand. See, these

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are all round numbers. The huge red flags in the

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IRS's eyes. They know you didn't take the time or

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effort to actually put true numbers together. And yes, it

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takes time. It takes effort to put numbers together that

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are true and accurate. Regardless of what business that you're in,

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you have to take the time to do that. So

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when's the good time to start doing bookkeeping? Well, actually

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the best time was starting January, you know, start the

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new year off in doing bookkeeping and your commitment to bookkeeping.

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If you didn't start, then the next best time was

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starting February. And what's the next best time? Right now,

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get yourself caught up this year's bookkeeping. Get yourself up

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to date, so you know, hey, where is my business going?

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You know, we talk about the benefits of bookkeeping, you know,

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and when we're talking about taxes, the benefit is having

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good solid numbers you can support through bookkeeping. What's really

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the best reason? Yeah, you know, having good salid numbers

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for taxes is a top five reason. But the number

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one reason to do bookkeeping and have good bookkeeping is

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that you have good financial numbers to know where your

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business is, where it's been, and help you to plan

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going forward where you want it to be. So if

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we don't use just bookkeeping for tax purposes, we use

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our bookkeeping to help give businesses information to run their

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business better. Hey, we had a question come in from

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June asking about the twenty five dollars offer. But the

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twenty five dollars offer is for our truckers. Yes, we

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can put together a package for you that's very competitive

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for your business. If you give us a call at

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Trucker Tax Tools, we can give you a quote. Trucker

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Tax Toles is set up specifically for truckers, but yes,

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we do do some other businesses out there as well.

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I have been in this industry of bookkeeping and taxes.

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For close to now forty years, I've been helping small

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businesses across the nation put together information and save money

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on taxes, minimize their tax bill, maximize their profit, keep

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more money in your pocket. That is what we are

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all about, and helping people to beat the irs then

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and keep your money lower that tax build down, Jim Judy,

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do we have smaller plans for very small businesses with

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less than four two thousand a year coming in. Unfortunately,

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that is our lowest possible cost out there. All of

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our work here is done here in the US. We

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do not sub it out anywhere else. So you can

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give us a call at eight seven seven nine nine

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six two four seven seven, or you can go to

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truck or tax tools dot com and you can schedule

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a time for us to talk to you so that

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we can put the right plan together. You know, what

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we try to do is help people, and that's what

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we're here to do. And when we come back after

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this break, we're gonna talk more about getting things ready

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for filing your ESCORP or your partnership return that you

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may have on extension, and we'll do that right after this.

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We have only scratched the surface of place show. Please

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stand by us.

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Barry G.

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Fouler will be right back with taxmark for you. If

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you own diio or going through an IRS audit, don't

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go at it alone. Called Taxation Solutions tax Relief at

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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.

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Don't let the IRS walk go over you.

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Stop the IRS now call eight eight eight nine three

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zero one zero one six or go to Taxationsolutions dot

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net now for a free no obligation consultation.

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Let's get back.

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To tax talk for you with more taxtock once again.

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Here's your host, Garry G.

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Foller.

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Hey, welcome back. You know we're gonna talk a little

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bit here about you know, es corps, limited liability companies,

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partnerships and the filings you've got to do. And you

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know what you should be doing and preparing for these

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filings that you may have an extension. You know, limited

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liability companies and es corps. You know if spending on

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how they're set up will depend on what you really

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need to file. And what I tell people to do

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is first thing to go back and look at your

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ei IN letter, your employer identification number that you've got.

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You establish your business and you went to the IRS

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and filed the proper forms. That form will tell you

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exactly what you need to be filing. And so if

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maybe twenty twenty four was your first year in business,

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go back and look at that employer Identification number letter

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and see how it says the file. Now, we ask

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everybody that becomes a client of ours, especially first year clients,

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to get us at a ei IN letter because we

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want to see what's how you were set up. Because

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in LLC can be set up several different ways, and

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you know the first way is a single member and

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files on schedule C. Well, that goes with your ten forty,

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so there's no extra filings besides your schedule CE with

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your ten forty. Sometimes they're set up as multi member

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companies and those would have a partnership filing. But we

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have clients that come to us and say, oh, no,

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I have this LLC and it's set up as an escort.

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So we asked for the AION letter we asked for

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the es CORP election letter so that we can verify

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how this was actually set up, because what you think

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you set up with the state because you said you

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wanted to be an escort that is not a state designation.

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That is an election through the iers and has to

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be accepted in order to become effective, and they will

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give you effective date. And then you've actually got to

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make sure that if you opened up this LLC, you've

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actually done business under the LLC. Somebody laughed at me

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when I said that we have a client that came

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to us it opened an LLC, but continue doing all

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his business underneath his DBA. And he said, I was

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talking to another person who did this, and they said, yes,

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it's okay. Just open the LLC and all of a

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sudden you're an escort. That doesn't happen, and all of

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a sudden, all the business is underneath it. Nobody told

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me I had to open up a separate new bank account.

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Nobody told me we had a new employer identification number,

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so that we have to run and give all everybody

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we're working this employer identification number and run the business

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through that other new bank account. Now my old bank

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account for my DBA. Then they set up payroll where

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they set up payroll not for the escort, but for

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their DBA. See, you got to know more about business

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and things that you're doing than your next door neighbor

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or the guy that you see at the fuel or

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somebody that you're sitting in a bar with and is

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giving you advice. That advice is only what you paid

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for it. It's worth zero nothing out of Get a consultation,

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Talk to somebody, Talk to a CPA, talk to enrolled agent,

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not to somebody that knows the ins and outs of

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taxes in the tax code, so that you have the

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right information and the knowledge to run your business the

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right way. Now, see what happens. You set yourself up

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as an LLC and you are a multi member, which

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you forgot to put down that there were more than

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one member on your application for your employer identification number,

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and so the IRS expects it to be reported on

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a schedule. See now you added the other member out there.

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That's fine. It can be reported as a partnership without

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a new election, because now you have a partner in

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your business. But that partnership return is in due April fifteenth.

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It was due March fifteenth. If you didn't file an extension,

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you're now late. If you file the extension on April fifteenth,

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that extension is denied and you are now late. And

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now the IRIS tax on penalties for late filing, and

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it is about four hundred dollars each member of your partnership.

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There's limits on that, but they're going to continue to

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tack that on until that return is filed. So what

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do you do today? Hopefully you got bookkeeping done for

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twenty twenty four, you give us a call. Let us

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get started. Get that tax return filed so we can

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limit the penalties. And if it's your first year, we

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can go after penalty abatements and hopefully get it abated

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so that you won't have to pay those penalties on

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that partnership return. Maybe you've been a partnership for a

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number of years and you've been reporting in on scheduled See,

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what do you need to do. We need to go

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back and amend and file the back years of taxes.

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Now they could have some benefit to it because on

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a partnership return, you will designate what is considered to

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be a guaranteed payment and that's the only part it's

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going to be tax for Social Security and Medicare, whereas

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on the schedule to see the whole net profit was

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taxed for Social Security, Medicare and profits gets split between

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partnerships based on your percentage of interest. So you know,

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there's different ways we've got to go through and do it.

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Sometimes we can save you money by doing this and

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getting it filed correctly. Then it is to have it

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filed the incorrect way and continue to maybe accumulate penalties

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and interest. So you got to know what you're doing.

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Sometimes you need the advice and sometimes it's paid advice

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and a console that does it. Or sometimes you need

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good bookkeeping so that you know, hey, you've got the

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00:17:47.599 --> 00:17:49.480
information to be able to do your tax is the

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right way. Give Trucker Tax Tools a call at eight

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seven seven nine nine six two four seven seven and

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00:17:55.759 --> 00:17:58.440
let's get started today. Let's get that filed for you

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00:17:59.759 --> 00:18:03.359
as an owner operator, as an independent trucker. Hey, there

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00:18:03.440 --> 00:18:07.519
is nothing better for you than low cost weokkeeping help

293
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save you money. And yes, as we were as answered

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June's question about well that twenty five dollars offer, can

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we do it for other businesses? We've got other options

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for different businesses across the board. It is about the

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00:18:23.799 --> 00:18:27.079
same as that twenty five dollars a week. We give

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us a call, let us give us give you a

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00:18:28.799 --> 00:18:32.559
quote for that so that, hey, we can get you

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00:18:32.640 --> 00:18:35.480
started and get things done you know, the right way

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as soon as possible. Don't wait because you need the

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00:18:38.680 --> 00:18:42.759
information to run your business. You need good information to

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00:18:42.799 --> 00:18:46.839
save money on taxes. You need the advice in the consultation. Again,

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00:18:46.920 --> 00:18:48.920
give us a call at eight seven seven nine nine

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00:18:49.039 --> 00:18:51.599
six two four seven seven. I've got people tell me

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I don't give out our phone number enough to help.

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So you know, if you go over to tax tak

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for you, you can watch these podcasts out there and

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00:19:01.400 --> 00:19:03.960
catch our number at scroll at the bottom. You can

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00:19:04.000 --> 00:19:07.200
also go to truck or tax tools dot com and

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00:19:08.079 --> 00:19:10.839
catch our number over there and give us a call directly.

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It's a free console, free phone call. We try to

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make it easy as possible for you. Again eight seven

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seven nine nine six two four seven seven Hey es

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00:19:20.880 --> 00:19:26.400
corpse escorps again had that same deadline of March fifteenth. Now,

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00:19:26.839 --> 00:19:32.880
if you were a corporation when you set up your company,

317
00:19:33.279 --> 00:19:35.720
so you know it ends in inc or it ends

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in company. You know, you've got to company out there.

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You've applied for your Employer Identification number and you put

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in INC at the end, and you put in that

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00:19:48.240 --> 00:19:50.920
you wanted it to be an ESCORP. The IRS sends

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you that EI in letter back and says you have

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to do step one, step two, step three to get

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the application for es CORP status. If you didn't do that,

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00:20:01.680 --> 00:20:04.279
the IRS is going to tell you have to filed

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on eleven twenty. That's not an ESCORP return. That's a

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corporate return. That's like EXI mobiles where the company pays

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the tax and then when money gets distributed to you,

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it's a dividend, and then you pay the tax on

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it as well. So therefore you got hit with double taxation.

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You get hit at the corporate level for taxes and

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then the distribution out to you as a dividend is

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tax on your personal return. And so therefore this is

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what we call double taxation. So you need to really

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look at it and make sure you doted your eyes

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and cross the t's and got your es CORP application submitted. Now,

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right after this break, we're going to talk about what

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00:20:46.680 --> 00:20:50.920
you need to do real quick to save yourself from

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this and what you can do if you forgot the

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file for an ESCORP status for twenty twenty four. We'll

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do that right after this break.

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

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00:21:02.559 --> 00:21:05.839
stand by as Perry G. Fowler will be right back

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with tax talk for you. As an owner operator, you

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00:21:12.000 --> 00:21:15.519
already spend too much time away from your family. Trucker

346
00:21:15.599 --> 00:21:18.519
Tax Tools handles all your bookkeeping and taxes.

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00:21:18.559 --> 00:21:21.200
No matter what level trucker you are. Life on the

348
00:21:21.279 --> 00:21:24.599
road can be taxing, but that doesn't mean that your

349
00:21:24.680 --> 00:21:27.279
wallet or time with your family should suffer.

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00:21:27.839 --> 00:21:30.960
Trucker Tax Tools makes your life run smoothly.

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00:21:31.480 --> 00:21:33.160
Go to Trucker tax Tools.

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00:21:32.880 --> 00:21:35.519
Dot com for a free guide that will give you

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00:21:35.559 --> 00:21:37.640
the tools to never.

354
00:21:37.519 --> 00:21:39.119
Worry about your taxes again.

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00:21:39.480 --> 00:21:43.559
Call Trucker Tax Tools eight seven seven nine sixty six

356
00:21:43.920 --> 00:21:47.880
two four seven seven or go to Trucker tax Tools

357
00:21:47.920 --> 00:21:51.359
dot com now and let the experts keep you trucking.

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00:21:54.480 --> 00:21:57.279
Let's get back to tax stock for you with war

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tax Stock once again, here as your host Reg Ballum.

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So you got your company, you went back and looked

361
00:22:08.440 --> 00:22:10.440
at that EI letter and you go, oh my gosh,

362
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you told me I have to I filed eleven twenty

363
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and I really wanted to be an escort. I really

364
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messed up, and we wanted an effective January one, twenty

365
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twenty four, or some period of time in twenty twenty four.

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When you set up your company. You know, now, what

367
00:22:27.240 --> 00:22:29.920
do I need to do? Well, there's late election relief.

368
00:22:30.359 --> 00:22:33.720
You can put on your corporate tax return. You're eleven

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twenty s this is my initial return and include the

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00:22:39.599 --> 00:22:43.119
twenty five point fifty three eighty eight thirty two and

371
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affirm that you wanted this to be effective January or

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whatever date in twenty twenty four when you started this company,

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and the IRS will usually grant this relief. I don't

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give you guarantees and what the IRS is going to do,

375
00:23:00.680 --> 00:23:03.880
but yes, for the most part, the IRS would grant

376
00:23:04.079 --> 00:23:09.000
late election relief for this. Now, with being an escort,

377
00:23:09.119 --> 00:23:11.799
you had to followed all the rules, and yes, you

378
00:23:11.799 --> 00:23:15.000
would have had to be an owner working in the business,

379
00:23:15.039 --> 00:23:18.039
would have had to been on payroll. If you didn't,

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00:23:18.119 --> 00:23:20.160
the IRS the first year is not going to hold

381
00:23:20.200 --> 00:23:23.319
it against you that I have seen. Again, no guarantees

382
00:23:23.319 --> 00:23:25.440
what the IRS is going to do because they expect

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00:23:25.480 --> 00:23:32.440
a reasonable salary for the owners in the business. But

384
00:23:33.319 --> 00:23:37.079
go ahead and make that election late election and ask

385
00:23:37.119 --> 00:23:42.000
for the relief. IRS should grant that in your first year,

386
00:23:42.960 --> 00:23:46.519
and that way you can still report things as an escort.

387
00:23:46.880 --> 00:23:49.680
But then make sure for twenty twenty five you're doing

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00:23:49.759 --> 00:23:52.960
everything right. If you're not sure, hey, give us a

389
00:23:53.000 --> 00:23:55.839
call and you know, let us go through and do

390
00:23:55.880 --> 00:23:58.480
a consultation with you. Let us talk a little bit

391
00:23:58.519 --> 00:24:01.200
more about everything you've got to do as an escort

392
00:24:01.720 --> 00:24:06.519
and make sure that you're protecting yourself and your business

393
00:24:07.279 --> 00:24:12.519
across the board, not just for taxes, but also you know,

394
00:24:12.599 --> 00:24:15.759
making sure that you're running the business the correct way

395
00:24:16.000 --> 00:24:18.759
within all the guidelines that you've got to run a

396
00:24:18.839 --> 00:24:22.759
business to do. And if you're looking for the legal

397
00:24:23.279 --> 00:24:28.559
liability limitations, hey, we tell you to call an attorney

398
00:24:29.000 --> 00:24:31.400
and talk to an attorney about that to make sure

399
00:24:31.440 --> 00:24:35.440
that you have the liability protections that you wanted when

400
00:24:35.759 --> 00:24:39.640
you set up this corporation or the limited liability company,

401
00:24:40.160 --> 00:24:45.559
so that you know you're protecting yourself and your personal

402
00:24:45.599 --> 00:24:50.440
assets outside of business. Is there, But that takes an

403
00:24:50.440 --> 00:24:54.720
attorney to talk about those items for you. All right,

404
00:24:55.240 --> 00:24:57.960
I know you've been waiting for it. You owe the

405
00:24:58.119 --> 00:25:02.319
IRS money. Now, what do you do? Stick your head

406
00:25:02.319 --> 00:25:05.000
in the sand, ignore it. It'll go away, won't it.

407
00:25:05.319 --> 00:25:07.599
Wait a minute, what did you just say. I can

408
00:25:07.640 --> 00:25:09.240
stick my head in the sand and ignore it and

409
00:25:09.240 --> 00:25:12.920
it'll go away. Oh heck, No, IRS isn't going to

410
00:25:13.000 --> 00:25:16.519
let you get away with owing them money. Now, if

411
00:25:16.559 --> 00:25:18.880
you've voted money for a number of years, you've seen

412
00:25:18.920 --> 00:25:22.839
the love letters that the IRS. Since you owe, you

413
00:25:23.039 --> 00:25:27.079
need to pay us. That's the way it works. You know,

414
00:25:27.759 --> 00:25:30.240
the IRS isn't the biggest baddest collection in tocy in

415
00:25:30.240 --> 00:25:32.799
the world for no reason at all. If the IRS

416
00:25:32.880 --> 00:25:36.240
wasn't there, how many people would actually file their tax returns.

417
00:25:36.599 --> 00:25:39.720
I don't know that could count many, because even though

418
00:25:39.799 --> 00:25:45.799
you're voluntarily reporting supposedly your taxes, is still a requirement

419
00:25:46.279 --> 00:25:49.160
that you've got to file your taxes every year. And

420
00:25:49.240 --> 00:25:51.920
if you don't, the IRS can file a tax return

421
00:25:52.000 --> 00:25:55.000
on your behalf, which isn't a good thing because they

422
00:25:55.000 --> 00:25:58.160
don't take all the deductions. They don't give you every

423
00:25:58.200 --> 00:26:02.160
deduction that you're in title to. They give you what

424
00:26:02.200 --> 00:26:05.400
they see fit to. You know, get their tax returns file.

425
00:26:05.960 --> 00:26:09.839
Don't let the IRS file the substitute for return and

426
00:26:09.920 --> 00:26:12.519
come after every dime that you've got. See, this is

427
00:26:12.559 --> 00:26:16.279
where your taxation solutions tax relief comes in. We're your

428
00:26:16.359 --> 00:26:21.440
representation for strong aggressive tax resolution to put the IRS

429
00:26:21.680 --> 00:26:25.680
out of your misery, get the IRS monkey off your back,

430
00:26:26.200 --> 00:26:28.480
not letting them walk all over you. We get to

431
00:26:28.519 --> 00:26:31.200
stop them, but it starts with you calling eight eight

432
00:26:31.240 --> 00:26:34.359
eight nine three zero one zero one six again eight

433
00:26:34.400 --> 00:26:37.720
eight eight nine three zero one zero one six taxation

434
00:26:37.880 --> 00:26:41.240
solutions tax relief to get that IRS monkey off your back.

435
00:26:41.599 --> 00:26:43.839
But in one of our previous podcasts we talked about

436
00:26:44.000 --> 00:26:48.119
do it yourself IRS representation one on one. Hey, everything

437
00:26:48.160 --> 00:26:50.039
you need to know on everything you need to do

438
00:26:50.599 --> 00:26:54.720
to represent yourself against the IRS can be found at

439
00:26:54.720 --> 00:26:56.880
tax Talk for You on one of our podcasts, go

440
00:26:57.039 --> 00:26:59.839
tax talkfor YOUU dot com and you can see that.

441
00:27:00.480 --> 00:27:03.680
But you know you have options. Some of the options

442
00:27:03.680 --> 00:27:06.880
aren't the best options. Some of the options you qualify for.

443
00:27:07.039 --> 00:27:10.160
Some of the options you can't qualify for. You know,

444
00:27:10.640 --> 00:27:14.640
the simple one everybody qualifies in some way, shape or form,

445
00:27:14.720 --> 00:27:17.319
is going to be an installment plan. You owe the

446
00:27:17.400 --> 00:27:21.039
IRS money. Pay them, that's what they say, pay us

447
00:27:21.039 --> 00:27:24.440
every dime that we want. When you call the irs.

448
00:27:24.799 --> 00:27:27.279
The IRS is going to take how much you owe them,

449
00:27:27.680 --> 00:27:29.160
and they're going to look at all the years you

450
00:27:29.200 --> 00:27:31.559
owe for and they're going to take that money and

451
00:27:31.599 --> 00:27:34.319
divide it up over the statue of limitations. And some

452
00:27:34.359 --> 00:27:37.480
of the statutes are going to require higher payment because

453
00:27:38.240 --> 00:27:42.720
maybe a two thousand and fifteen tax debt is only

454
00:27:42.759 --> 00:27:45.440
going to have a year or two before the statute

455
00:27:45.519 --> 00:27:47.839
runs out, So that's going to increase your payment by

456
00:27:47.880 --> 00:27:50.720
quite a bit depending on the amount that you owe.

457
00:27:51.920 --> 00:27:56.160
And then each subsequent year will have a little bit

458
00:27:56.240 --> 00:27:59.559
greater statue of limitations before it runs out. So it's

459
00:27:59.559 --> 00:28:02.359
a total ten years from when you file and accept it.

460
00:28:02.880 --> 00:28:06.599
So that twenty fifteen return you filed in twenty sixteen,

461
00:28:07.039 --> 00:28:10.400
you know, we'll still have another year to go to

462
00:28:10.519 --> 00:28:13.359
twenty fourteen tax return as long as you didn't do

463
00:28:13.400 --> 00:28:17.119
anything that extended, the statute of limitations would be running

464
00:28:17.160 --> 00:28:20.240
out at some point this year. So if you filed

465
00:28:20.279 --> 00:28:25.119
an extension in twenty fifteen and you didn't file until October,

466
00:28:25.559 --> 00:28:28.319
well then you have until October before the c sets

467
00:28:28.400 --> 00:28:31.119
kick in. And that's where a good tax analysis would

468
00:28:31.119 --> 00:28:34.400
be ideal for you to be able to determine. You know,

469
00:28:34.559 --> 00:28:37.680
what are the statute of limitations? Why does the IRS

470
00:28:37.720 --> 00:28:41.759
require or say that I owe this money and we

471
00:28:41.799 --> 00:28:44.119
can go back in and look at it. Maybe they

472
00:28:44.160 --> 00:28:48.480
filed a substitute for return many years ago and that

473
00:28:48.759 --> 00:28:50.920
is the reason that you owe money. Or maybe you

474
00:28:50.960 --> 00:28:53.680
got audited but you never replied and is the reason

475
00:28:53.680 --> 00:28:55.680
you owe money. There's a lot of different options out

476
00:28:55.680 --> 00:29:00.880
there of reasons why people owe the IRS money, including

477
00:29:01.039 --> 00:29:04.480
just hey, ignoring it and thinking it's going to go

478
00:29:04.519 --> 00:29:07.319
away and it doesn't. You know, those are the hard

479
00:29:07.359 --> 00:29:11.400
parts in life, is you know, filing taxes and when

480
00:29:11.400 --> 00:29:15.319
you're self employed running the small business, maybe even running

481
00:29:15.359 --> 00:29:19.559
a consulting business on the side, or maybe you've changed

482
00:29:19.599 --> 00:29:23.640
employers and you didn't have enough withheld from your paycheck

483
00:29:24.000 --> 00:29:27.000
all reasons. You know, maybe you started a business and

484
00:29:27.319 --> 00:29:30.839
you didn't have a consultation with anybody about requirements of

485
00:29:30.920 --> 00:29:32.400
things that you need to do, and you never paid

486
00:29:32.440 --> 00:29:35.119
any estimated tax payments and now you've got a huge

487
00:29:35.160 --> 00:29:38.680
tax bill. So you know, if you're making good money

488
00:29:38.960 --> 00:29:43.319
and you can't qualify for any other program, installment agreement

489
00:29:43.680 --> 00:29:46.079
and work. Now the interest rates are sometimes pretty high.

490
00:29:46.200 --> 00:29:48.039
Maybe you can go to the bank, get a lower

491
00:29:48.039 --> 00:29:51.160
interest rate, and you can stop penalties, and that may

492
00:29:51.200 --> 00:29:54.839
be the best thing you know for you for yourself

493
00:29:55.400 --> 00:30:00.200
to save money and cut interest down. You know, what

494
00:30:00.359 --> 00:30:02.960
you need to do is sit down and look at

495
00:30:03.039 --> 00:30:05.880
what the IRS interest rates are, how they're going to

496
00:30:05.920 --> 00:30:08.920
continue to calculate penalties, especially if this is a new

497
00:30:09.039 --> 00:30:13.079
tax debt for you, older taxdeds just accumulating interest but

498
00:30:13.200 --> 00:30:17.200
may not be accumulating any more penalties. And maybe we

499
00:30:17.240 --> 00:30:20.000
need to go after some penalty abatement to remove some

500
00:30:20.079 --> 00:30:22.359
of the penalties that are for you, because you know,

501
00:30:22.400 --> 00:30:26.359
we're able to sometimes abate penalties, but again it's subject

502
00:30:26.400 --> 00:30:30.279
to IRS approval, so sometimes it's hitting this. You know,

503
00:30:30.400 --> 00:30:33.799
it depends on the IRS out there. We've done a

504
00:30:33.920 --> 00:30:39.960
very good job of removing penalties as well, but everybody's

505
00:30:39.960 --> 00:30:42.599
situation is different. The i r S is going to

506
00:30:42.640 --> 00:30:46.319
look at each situation a little bit differently, and then

507
00:30:46.559 --> 00:30:49.319
we look at all the different other programs that are

508
00:30:49.359 --> 00:30:51.880
out there that the I R S has. So after

509
00:30:51.920 --> 00:30:55.880
this break, we'll talk about what other options besides a

510
00:30:55.920 --> 00:30:58.799
full pay installment agreement, and we'll talk about it right

511
00:30:58.839 --> 00:30:59.279
after this.

512
00:31:00.799 --> 00:31:04.440
We have only scratched the surface of today's show. Please

513
00:31:04.480 --> 00:31:07.720
stand by as Barry G. Fowler will be right back

514
00:31:07.839 --> 00:31:13.640
with tax talk for you. As an owner operator, you

515
00:31:13.880 --> 00:31:17.319
already spend too much time away from your family. Stop

516
00:31:17.400 --> 00:31:21.240
spending time doing paperwork. Go to Trucker tax tools dot

517
00:31:21.240 --> 00:31:26.119
com a solution filled specifically for truckers. Trucker tax tools

518
00:31:26.160 --> 00:31:32.359
dot Com makes your wife run smoothly. Let's get back

519
00:31:32.400 --> 00:31:36.319
to tax stock for you with more tax stock once again,

520
00:31:36.799 --> 00:31:38.759
here's your host, Barry G.

521
00:31:39.000 --> 00:31:39.359
Fowler.

522
00:31:41.720 --> 00:31:43.799
Hey, welcome back. This must be the jay to day

523
00:31:43.880 --> 00:31:47.039
for questions. So I got a question from Jeff and

524
00:31:49.079 --> 00:31:52.599
yes heard you do a little bit of ranching on

525
00:31:52.640 --> 00:31:57.400
the side. What do you have on your ranch? Well, Jeff,

526
00:31:57.440 --> 00:31:59.440
you know, it's kind of funny we kind of talk

527
00:31:59.480 --> 00:32:02.240
about h you know with some of our clients out

528
00:32:02.279 --> 00:32:04.599
there of you know, what do we do, you know,

529
00:32:04.759 --> 00:32:07.559
farm ranch And when we get a new client in,

530
00:32:08.400 --> 00:32:10.680
you know, owner operator, truck driver, you know, I like

531
00:32:10.759 --> 00:32:12.799
to get to know a little bit about what they do,

532
00:32:12.960 --> 00:32:16.480
and they always ask me what I do. So you know,

533
00:32:16.559 --> 00:32:20.119
I know, Jeff, you and I've talked and uh yeah,

534
00:32:20.279 --> 00:32:24.519
I run a twenty nine acre ranch just outside of

535
00:32:25.240 --> 00:32:29.160
northwest Houston. Here. We've got about eight head of cattle

536
00:32:29.200 --> 00:32:33.440
out there, a couple of bigs. Now we're close to

537
00:32:34.119 --> 00:32:39.799
one hundred chickens. They are layers, and uh, we've got

538
00:32:39.839 --> 00:32:44.279
about thirty meat birds that were raising for for me,

539
00:32:45.200 --> 00:32:48.160
and a couple of donkeys and you know, and of

540
00:32:48.200 --> 00:32:51.359
course dogs that we have a lot of fun. We

541
00:32:51.359 --> 00:32:54.519
were building or adding on to the chicken coops this

542
00:32:54.599 --> 00:32:58.920
weekend and building a what we call chicken tractors so

543
00:32:59.000 --> 00:33:02.079
that our meat birds we can move them around the

544
00:33:02.599 --> 00:33:05.640
ranch and they can continue to eat the grass and

545
00:33:06.359 --> 00:33:09.319
fertilize along the way. So those are some of the

546
00:33:09.319 --> 00:33:13.079
fun things we get to do on our weekends, and

547
00:33:13.160 --> 00:33:16.359
you know, even our evenings when we get back, you know,

548
00:33:16.400 --> 00:33:18.640
collecting eggs and making sure the chickens are fed and

549
00:33:19.000 --> 00:33:24.200
pigs are fed and fun things like that. But hey,

550
00:33:24.240 --> 00:33:28.319
what people really tune in for, Jeff is you know,

551
00:33:28.440 --> 00:33:31.519
taxes and bookkeeping, and you know that's what we're here

552
00:33:31.519 --> 00:33:33.880
to do. Maybe one day we'll have a whole day

553
00:33:33.960 --> 00:33:37.880
on farming ranch taxes out there, because it's an interesting

554
00:33:39.279 --> 00:33:43.119
field out there, you know, dealing with farming ranch taxes

555
00:33:43.119 --> 00:33:45.640
as well. And I got a lot of owner operators

556
00:33:45.640 --> 00:33:48.720
out there that are are ranchers as well that run

557
00:33:50.039 --> 00:33:53.960
some farms and and stuff. So, hey, I'm glad you're

558
00:33:53.960 --> 00:33:58.319
here and in joining us out here at tax Talk

559
00:33:58.400 --> 00:34:01.119
for You and again go to tax Talk for You

560
00:34:01.920 --> 00:34:05.480
dot com and you can see all of our other episodes. Hey,

561
00:34:05.480 --> 00:34:07.480
but what you really wanted to know is what are

562
00:34:07.559 --> 00:34:10.800
my other solutions to my tax debt? You know, we

563
00:34:11.199 --> 00:34:13.760
tell you to call taxation solutions tax relief. Go to

564
00:34:13.800 --> 00:34:19.559
Taxation Solutions dot net in Taxation Solutions dot net. A

565
00:34:19.599 --> 00:34:25.320
lot of information there on solutions to your tax problem.

566
00:34:26.039 --> 00:34:29.639
And you know we can help save money on taxes

567
00:34:30.199 --> 00:34:32.719
and you know, put the right solution in place so

568
00:34:33.280 --> 00:34:37.360
you might be able to qualify for what we call

569
00:34:37.440 --> 00:34:42.280
c NC currently non collectible status. Currently non collectible status

570
00:34:42.320 --> 00:34:44.760
means you have very little income coming in and you

571
00:34:44.760 --> 00:34:48.719
can't afford to make any payments, and the IRS will

572
00:34:48.760 --> 00:34:51.840
put you in that status for at least two years.

573
00:34:52.679 --> 00:34:56.559
They will periodically come back and ask for verification of

574
00:34:56.599 --> 00:35:00.440
income to make sure that you can still maintain in

575
00:35:00.519 --> 00:35:04.920
this status. If statute of limitations is going to run

576
00:35:04.960 --> 00:35:08.800
out pretty soon, the I R S is going to

577
00:35:09.280 --> 00:35:11.679
jump through quite a few hurdles to make sure that

578
00:35:11.960 --> 00:35:15.679
you can't afford to pay them, and that includes your assets,

579
00:35:15.920 --> 00:35:20.239
and you know, whether it's your home, your IRA's four

580
00:35:20.280 --> 00:35:23.440
oh one k's, all these different things that are assets

581
00:35:23.480 --> 00:35:27.159
to you, even jewelry or paintings and stuff like that,

582
00:35:28.639 --> 00:35:33.000
to make sure that you can't afford to pay them.

583
00:35:33.360 --> 00:35:36.480
But the biggest one is going to be income. A

584
00:35:36.480 --> 00:35:40.679
lot of times we can help show to the irs

585
00:35:40.679 --> 00:35:42.559
that no, you can't pull this money out of your

586
00:35:42.599 --> 00:35:45.400
IRA or four one K to pay them because you

587
00:35:45.480 --> 00:35:48.360
need this money to live on, because maybe you're retired.

588
00:35:49.400 --> 00:35:51.480
But if you want to find out more information, give

589
00:35:51.519 --> 00:35:53.679
us a call it eight eight eight nine three zero

590
00:35:53.760 --> 00:35:56.599
one zero one six again eight eight eight nine three

591
00:35:56.679 --> 00:36:00.119
zero one zero one six and we'll be able to

592
00:36:00.159 --> 00:36:02.239
walk you through it or help you especially you know,

593
00:36:02.239 --> 00:36:06.199
if you're going to qualify for c NC. Now there's

594
00:36:06.199 --> 00:36:08.679
two other options out there, and these are options you

595
00:36:08.760 --> 00:36:11.239
hear about on the radio, and people try to sell

596
00:36:11.280 --> 00:36:14.280
you on these things day in and day out, and

597
00:36:14.320 --> 00:36:17.400
when you owe money to the I r S, these

598
00:36:17.480 --> 00:36:22.880
sound fantastic, sound great offer and compromise where you're going

599
00:36:22.960 --> 00:36:27.159
to pay far less than what you owe. Or somebody

600
00:36:27.559 --> 00:36:29.480
you know used to say all the time. Pennies on

601
00:36:29.559 --> 00:36:34.239
the dollar. Hated that comment. But nobody ever guarantees it's

602
00:36:34.480 --> 00:36:38.400
it's something you can't really guarantee that you're going to

603
00:36:38.440 --> 00:36:42.000
get accepted or qualify for. You know, we sit down

604
00:36:42.039 --> 00:36:45.880
and we talk to you about the different various options

605
00:36:46.400 --> 00:36:51.199
offer and compromise. If you meet all the qualifications, it's fantastic.

606
00:36:51.599 --> 00:36:55.119
It can save you a lot of money. If you

607
00:36:55.159 --> 00:36:59.239
don't quite qualify for all, that partial pay installment agreement

608
00:36:59.679 --> 00:37:03.920
could be the better option where you pay over a

609
00:37:03.960 --> 00:37:06.840
longer period of time during the whole statute of limitations,

610
00:37:06.880 --> 00:37:09.480
but you pay far less than what you owe. So

611
00:37:09.960 --> 00:37:12.440
you got to look at what the offer amount is

612
00:37:12.480 --> 00:37:16.039
going to be and what the partial pay installment agreement

613
00:37:16.239 --> 00:37:20.280
might be, and then look at the strings that are attached. See,

614
00:37:20.320 --> 00:37:23.400
there are strings to an offering compromise, and people don't

615
00:37:23.440 --> 00:37:25.920
talk about this. You know, you have to stay one

616
00:37:25.960 --> 00:37:30.079
hundred percent in compliance with IRS rules and regulations, meaning

617
00:37:30.159 --> 00:37:34.039
filing taxes on time, not owing any money when you

618
00:37:34.079 --> 00:37:37.679
file your taxes. If you do, oh, it's fully paid.

619
00:37:38.079 --> 00:37:41.440
You've made your estimated tax payments all throughout the year

620
00:37:41.880 --> 00:37:46.159
and every year. This compliance isn't one year one time.

621
00:37:46.800 --> 00:37:50.599
It's five years from when it's accepted, but it starts

622
00:37:51.159 --> 00:37:54.960
with the year that you put the offer and compromise in.

623
00:37:55.519 --> 00:37:58.239
So if you were to file and offering compromise, let's

624
00:37:58.280 --> 00:38:01.400
say you file that offering compromise today, you would have

625
00:38:01.440 --> 00:38:04.079
had to make sure that you made the first estimated

626
00:38:04.119 --> 00:38:06.159
tax payment that was due back in April, if you're

627
00:38:06.199 --> 00:38:09.320
required to. If you didn't do that, the IRS when

628
00:38:09.320 --> 00:38:12.280
they start reviewing the offer, before they even take the

629
00:38:12.360 --> 00:38:16.960
offer in as a true offer, they tell you you

630
00:38:17.039 --> 00:38:19.920
have to make that first estimated tax payment or if

631
00:38:19.960 --> 00:38:22.480
you file it the end of June or into July

632
00:38:22.760 --> 00:38:26.199
or August, then you've had to pay both estimated tax

633
00:38:26.239 --> 00:38:29.400
payments for twenty and twenty five. If you didn't, they

634
00:38:29.400 --> 00:38:31.800
would just return the offer to and you start all

635
00:38:31.840 --> 00:38:35.280
over again. It's not a oh me bad, No, it's

636
00:38:35.360 --> 00:38:38.719
all new paperwork they go through. If you can't be

637
00:38:38.920 --> 00:38:43.239
in compliance, maybe that partial pay installment agreement is the

638
00:38:43.360 --> 00:38:46.000
right way to go. You know, partial pay installment agreement

639
00:38:46.039 --> 00:38:49.320
does require compliance. I mean you got to file on time. Still,

640
00:38:49.719 --> 00:38:53.920
with the difference between partial pay installment agreement and an

641
00:38:54.000 --> 00:38:57.079
offer and compromise is you've been paying on the debt

642
00:38:57.159 --> 00:38:59.800
for a period of time. Once the statute of limitations

643
00:39:00.039 --> 00:39:03.159
runs out on the oldest year, that debt is gone

644
00:39:03.519 --> 00:39:07.760
for good offering compromise, that statue of limitations stopped running.

645
00:39:08.079 --> 00:39:12.360
You're in a five year one hundred percent compliance. If

646
00:39:12.400 --> 00:39:16.159
you fill out a compliance four years eleven months into it,

647
00:39:16.639 --> 00:39:19.760
you still owe all the money that you owed at

648
00:39:19.760 --> 00:39:24.440
the time of the offer, plus anti penalties and interest

649
00:39:24.559 --> 00:39:28.280
that accumulated over those period of time. How do I

650
00:39:28.360 --> 00:39:31.599
know this is true? It's written is in the code.

651
00:39:31.760 --> 00:39:34.760
I also had a client came to US many years ago.

652
00:39:35.199 --> 00:39:38.000
You came to us, had an offering compromise that was accepted,

653
00:39:38.360 --> 00:39:42.559
and it was accepted four years, eleven months, twelve months,

654
00:39:42.599 --> 00:39:46.920
almost twelve months. They didn't file their April fifteenth extension.

655
00:39:47.239 --> 00:39:50.599
They didn't file their tax return, they owed money, didn't

656
00:39:50.599 --> 00:39:53.719
pay it. They filed as quick as possible in May,

657
00:39:54.199 --> 00:39:57.159
and the IRS sent them a letter saying, you've kicked

658
00:39:57.199 --> 00:39:59.840
you out of your offering compromise. Three hundred and seventy

659
00:40:00.079 --> 00:40:05.000
five thousand dollars offer was kicked out. He now owed

660
00:40:05.119 --> 00:40:08.320
almost four hundred and semi thousand dollars because of penalty.

661
00:40:08.360 --> 00:40:11.920
Is an interest that accumulated over those four years, and

662
00:40:11.960 --> 00:40:14.559
he had a six figure job and could afford to

663
00:40:14.599 --> 00:40:18.000
pay it. No offer and compromise for him. So would

664
00:40:18.000 --> 00:40:21.960
a partial pay installment agreement been better? Yes, statute of

665
00:40:21.960 --> 00:40:24.800
limitations would have run out on three of the years

666
00:40:24.920 --> 00:40:29.159
during that four year almost five years of payments. His

667
00:40:29.519 --> 00:40:33.559
partial pay installment agreement would have been far less, and

668
00:40:33.599 --> 00:40:35.760
then he would have only been left with the debt

669
00:40:35.840 --> 00:40:38.159
for a couple of years, and that would have been

670
00:40:38.239 --> 00:40:41.719
far less than the over four hundred thousand that he

671
00:40:41.800 --> 00:40:46.400
was owing because he failed on the offer and compromise. So,

672
00:40:46.440 --> 00:40:49.119
if you're going to go offering compromise route, be prepared

673
00:40:49.599 --> 00:40:51.840
to make sure you're going to be able to stay

674
00:40:51.960 --> 00:40:57.480
in compliance one hundred percent for those five years plus

675
00:40:57.880 --> 00:41:02.880
the time period it takes for the to accept the offer.

676
00:41:03.199 --> 00:41:06.039
So you know, the moral of the story is is, Hey,

677
00:41:06.079 --> 00:41:09.159
don't let somebody convince you offering compromise that you qualify

678
00:41:09.159 --> 00:41:12.400
one hundred percent without a good consultation, without a good

679
00:41:12.760 --> 00:41:17.280
tax analysis. Make sure that, hey, you're going to qualify

680
00:41:17.800 --> 00:41:22.119
for what you're paying for, and then and only then

681
00:41:22.519 --> 00:41:26.320
should you move forward with that offer and compromise and

682
00:41:26.360 --> 00:41:30.280
make sure you understand the rules and regulations behind any

683
00:41:30.400 --> 00:41:35.360
offer and compromise, and then weigh out with you're enrolled agent.

684
00:41:35.760 --> 00:41:39.480
Like you would hear a Taxation Solutions tax relief, you

685
00:41:39.519 --> 00:41:44.239
would weigh out the benefits and the costs of doing

686
00:41:44.360 --> 00:41:47.880
a partial pay installment agreement versus an offer and compromise.

687
00:41:48.239 --> 00:41:51.199
How much more or less is it going to be.

688
00:41:51.679 --> 00:41:54.000
Sometimes we're able to put in a partial pay installment

689
00:41:54.079 --> 00:41:56.719
agreement and it becomes less than what the offering compromise

690
00:41:56.840 --> 00:41:59.760
is going to be because of some of the leniency

691
00:42:00.280 --> 00:42:04.079
the IRS has with writing off expense expenses. And the

692
00:42:04.079 --> 00:42:06.599
only way you're going to know this is by calling

693
00:42:06.639 --> 00:42:10.840
Taxation Solutions Tax Relief dot net. Go to Taxation Solutions

694
00:42:10.920 --> 00:42:14.079
dot net. Get that information out there. Hey, as we're

695
00:42:14.119 --> 00:42:16.519
coming to a close here today, you know what I

696
00:42:16.559 --> 00:42:20.719
suggest you know strongly is go to tax talkf YOUU

697
00:42:20.760 --> 00:42:23.400
dot com, subscribe over there and never miss an episode.

698
00:42:23.599 --> 00:42:26.000
Let's just continue to give you the information that you

699
00:42:26.159 --> 00:42:32.679
need to learn more about your taxes, bookkeeping, tax relief,

700
00:42:33.519 --> 00:42:35.440
what you need to do, how you need to file,

701
00:42:35.920 --> 00:42:39.280
how you need to save money, planning, budgeting, the whole works.

702
00:42:39.639 --> 00:42:42.599
If you have an IRS problem, go to taxation solutions

703
00:42:42.800 --> 00:42:46.760
tax relief and fill in the forms there or give

704
00:42:46.840 --> 00:42:48.920
us call it eight eight eight nine three zero one

705
00:42:49.039 --> 00:42:51.599
zero one six again eight eight eight nine three zero

706
00:42:51.679 --> 00:42:55.039
one zero one six and get the tax relief you

707
00:42:55.199 --> 00:42:59.360
need to save yourself money on your taxes and your

708
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tax debt. Hey, don't forget to tune in here every Monday,

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00:43:03.519 --> 00:43:06.400
ten am Eastern time at tax Talk for you. If

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00:43:06.400 --> 00:43:09.880
you subscribe, will remind you. Go to our Facebook page.

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00:43:10.000 --> 00:43:12.559
We'll remind you. But again, go to tax Talk before

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00:43:12.639 --> 00:43:17.000
you dot com and subscribe there. Every Monday ten am

713
00:43:17.199 --> 00:43:20.039
is your time right here on top for tv A

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00:43:20.280 --> 00:43:23.440
W four CUI Radio, and we will see you next week.

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00:43:23.679 --> 00:43:26.000
Oh God bless glorious week.

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00:43:27.280 --> 00:43:30.440
Are you an individual or business that wants to understand

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00:43:30.519 --> 00:43:33.840
taxes and how they affect you. Are you looking for

718
00:43:33.960 --> 00:43:39.360
specific tax advice for self employed business owners and truckers.

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00:43:39.960 --> 00:43:44.000
Are you behind on taxes and your bookkeeping? Are you

720
00:43:44.119 --> 00:43:47.039
dealing with the irs and ready to have some release,

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00:43:47.920 --> 00:43:51.719
Then you need Tax Talk for you, hosted by tax

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00:43:51.800 --> 00:43:57.400
and trucker expert Barry g. Fouerda Kenyan, ten am Eastern

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00:43:57.480 --> 00:44:00.480
time every Monday right here on W four forr CY

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00:44:00.639 --> 00:44:03.840
Radio and Talk for TV. Don't forget to check this

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00:44:04.159 --> 00:44:08.719
and past episodes at tex TALKFORU dot com. See you

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00:44:08.760 --> 00:44:13.639
next week at W four c Y dot com