Dec. 10, 2024

Tax Solutions 101

Tax Solutions 101

Solve your IRS Problems, IRS Debt. Tax Solutions how to get IRS payment plan, Offerin Compromise, forms to use 433a, 433b, 433 OIC. 433b, 433D. Help filing out the forms for installment agreement, IRS help, IRS Solutiosn to tax debt. Waht to disclose...

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Solve your IRS Problems, IRS Debt. Tax Solutions how to get IRS payment plan, Offerin Compromise, forms to use 433a, 433b, 433 OIC. 433b, 433D. Help filing out the forms for installment agreement, IRS help, IRS Solutiosn to tax debt. Waht to disclose to IRS and how to report assets. IF you Owe the Internal Revenue Service this is a must watch to get your solution to your IRS probelms. 3 simple steps to an IRS solution.

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

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WEBVTT

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The topics and opinions express in the following show are

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solely those of the hosts and their guests and not

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those of W 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 G.

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Fowler EA brings you tax talk for you right here

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on W four CY Radio and talk for TV. As

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an enrolled agent and a national leader in tax resolution

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as well as Trucker bookkeeping and tax planning. With over

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

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tax planning, and tax relief for individuals and businesses just

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

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with your hosts.

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Barry G.

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Foul Hey, welcome man, good morning. You know today we're

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talking about how to put a solution in place with

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the I R S. You know, some people want to

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do it yourself. You know, Hey, that's fine you know,

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we know dealing with the I R S could be very,

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very stressful, and that's why we use our expertise to

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you know, work for you and getting you the best

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plan solution in place with the I R S UH

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and a lot of time saving thousands of dollars in

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the meantime while we're doing this for you. But you know,

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we got a lot of do it yourselfers, you know,

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even me, you know, out on our on a ranch.

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You know, there are a lot of things I want

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to do myself, but a lot of times, you know,

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my wife has got to call in somebody behind me

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to fix the problem, which makes I've made it ten

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times worse and it costs us more money to do it.

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Other times, I'm able to put the solution and fix

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what's going on, you know, without having to cost somebody

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else for backup. So you know, we get a lot

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of questions, Can I do this myself? Yes? You can.

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I mean, you know, the I R S forms are there.

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They have manuals for every single form, so you can

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go there and uh, if you're going to use like

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our collection form that we're going to talk about today,

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one of the four thirty threes you know, there are

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publications out there to do the four thirty three forms,

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and you can read through them make sure you get

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everything that's supposed to be there. But a lot of

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what we do as well is put techniques in place

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to find ways to save you more money, change your

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financial profile so that it works within the rules of

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the I r S for the betterment of you. So

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you want to do it yourself. What forms do we

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need to use? You know there's the forms UH four

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thirty three and so you have the IRS form four

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thirty three A A four thirty three B four thirty

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three F four thirty three H. Which collection information statement

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should you be using? So you know the four thirty

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three A is a collection information statement for way journers

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and self employed individuals, So you know, if you're running

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a small business DBA or you know you consider it

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to be self employment, you're going to fill out this form.

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And then they also have the Forum four thirty three

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A O I C. And this is a specific version

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that's used when applying for an offer and compromise which

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is in agreement with the I R S to settle

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your tax liabilities for less than the full amount O.

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So you can see there are two different four to

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thirty three A forms, so make sure you're filling out

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the correct form when you're going to work with the

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IRS on collections. And we're going to come back to

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these forms and talk a little bit more about how

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you're going to prepare them, what information is going to

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be on there. But we're going to start out describing

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each one of the different forms. The four point thirty

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three B. This form is used to provide information about

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your business assets, income, expenses, and liabilities for an offering

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compromise with the IRS. It includes sections for business information partners, officers,

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LC members, major shareholders, what cash, what investments, what real estate,

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what vehicles, what equipment in any other assets that you

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may have out there. We tell people, if you're in business,

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whether you're running inc, LLC, you know, corporation, you really

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should have a very good UH profit and loss income

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statement and balance sheet that includes, you know, all of

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your assets and everything out there, and your accounts should

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be reconciled within UH those books and whether you're using

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quick books or zero or fresh books or anything like

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that to keep track of your bookkeeping, you know, you

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should make sure that you've got a good balance sheet

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and income statement or profit and loss. Now you know

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your best to use somebody that knows bookkeeping and you know,

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take the burden off of you and let them let

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them do it. So if you're knowner operator, you know

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you want to give us a call and you know,

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work with us on doing your books for you, because

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we know what a headache it can be. So you

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know you're going to want to make sure that whatever

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you you're doing, you're you're getting these things, you know,

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filled out. We have seen a lot of a lot

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of businesses that you know, we have worked with to

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try to put solutions in place. And I mean, you know,

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not just business debt, but personal debt, because when you

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have personal debt, you're going to have to fill out

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that four thirty three B as well when you are

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an owner of you know, one of those other entities

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out there. And a lot of times, you know, we

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we see businesses flying by the seat of their pants,

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and you know it's not the right way to run

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a business. So you know, you want to make sure

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you got that profit and loss and balanceet. Talking to

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a client just the other day and they were like, well,

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we're good at running businesses and well we just can't

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handle all the paperwork. And you know, we're sitting down

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talking with them and said, you know, hey, what about

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your CPA that you're working with. Well, they don't really

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give us any advice, they don't really help us. But

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you know, we've built a business from you know, nothing

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to a million dollars and you know we're getting ready

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to sell it. Or what assets do you have? What

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liabilities do you have? You know, what's going to be

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the profit? You know, have you put any projections in

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what the taxes are going to be? And the answers

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to all the questions were no, nobody's ever told us.

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So you find a good consultant, whether it's a CPA

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or old agent that knows what they're doing in your

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industry and can help you. You know, make sure that

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you've got the financial information you need to run your business.

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You may be great and setting up and getting a

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business started, but continuing to see where you're at. UH

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needs that profit and loss and balance sheet. And then

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if you do have a tax problem, it's really needed

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to make sure that you know, we've disclosed everything that's

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supposed to be disclosed to the I R. S and

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in the right format and highlighting the right ways. So

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the next form is the four thirty three F. The

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four thirty three F is used to obtain current financial

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information necessary for determining how a wage inner or self

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employed individual can satisfy an outstanding tax liability. You know,

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you could go online and establish an online payment agreement

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with the i r S on their website, but this

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four point thirty three is going to be an abbreviated

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form for you know, full pay installment agreement with the

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i r S. It just basically lays out your income

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and your expenses and then we can go from there.

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So the i r S is going to use his

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collection information statements to gather financial information about your wherewith them,

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what you can afford to do. It helps them determine

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when you're a delinquent taxpayer, what's your ability to pay

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a tax debt? Before approving requests for even tax relief

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or temporary delay of collections. You know, the four thirty

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three forms ask for details regarding you know, monthly income

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plus your expenses, your assets, your what the value of

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your home, your real estate, cars, vehicles, bank accounts, investments,

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you know, and and much much more. You know, the

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I R S is wanting to make sure that you

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are disclosing everything. Now what we mean by that is,

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you know, the I R S will look at your history.

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So if you're just going for a full payment plan,

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the fourth thirty three F is going to satisfy pretty

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much everything the I R S needs. You know, if

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your income or your debt is over that fifty two

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hundred thousand dollars, they may be requesting that information just

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so they can verify that you can afford this payment plan.

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If you're going to go for a non collectible status,

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that four thirty three A is going to be required

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because it is more detailed and discloses a lot more

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information on what is happening in your life, what is

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your wherewithal to pay this back? And the same with

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the four to thirty three A. Oh, I see that

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again is going to be disclosing a lot of information. Now,

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the IRS does a full check once you submit this

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for an offering compromise, So you know, if you're going

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for an offering compromise, the IRS is going to go

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compare everything to national standards. The IRS is going to

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go back and look at your history so that means

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is if you are head car and you gave them

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to your kids, the I R S is going to

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see that, or you sold them, or maybe you've pulled

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it much of money out of your IRA. The I

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R S is going to go in and find all that.

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So you know, the I R S is going to

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be looking at all this information so that you know

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they know that you really qualify for this offering compromise

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or lower payment plan or non collective status. Hey, we'll

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come back. We're going to answer Tobias's question what is

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the difference between in LLC and a corp? And we're

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going to do that right after this.

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

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stand by as Barry G. Fowler will be right back

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with tax talk for you. If you own the I

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R S or are going through an I R S audit,

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don't go at it alone. Called taxation Solutions tax relief

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at eight eight nine three zero one zero one six.

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We are your solution for IRS debts, audits, back taxes, garnishments.

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Leans and levees.

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Whether you're an individual or business, you need a solution

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and a strong aggressive tax resolution. Don't let the IRS

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walk all over you stop the IRS now call eight

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eight eight nine three zero one zero one six or

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go to Taxationsolutions dot net now for a free no

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obligation consultation. Let's get back to tax Stock for you

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with more tax stock once again.

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Here's your host, Barry G. Fowler.

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Hey, welcome back. You know, one of the best things

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about doing this program is being able to answer questions.

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And if you connect with us a Tax Talk for

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You Dot, I'm going there and subscribe. We'll keep you

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up the data what we're doing and what's going on

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and how we can help you. You know, it's a

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it's a great way to do that. We're going to

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be releasing here shortly our I R S Playbook and

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it's something that if you've got I R S Tax

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Dot you're going to want to see. And so if

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you go over there to Tax Talk for You and subscribe,

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we will be getting information out how you can access

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our playbook. So it's the I R S Playbook, three

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simple steps on you know, basically solving your tax problem. Hey,

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but right before the break to bias accident and I

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appreciate the questions and everything. So if you've got questions

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to text us send those in. But what is the

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difference between an inc LLC and a core well LLC

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is generally their single member or multi member limited liability corporation.

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Those entities, if your single member, automatically will get reporting

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as a Schedule C S if you're self employed, but

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you can make elections to be taxed as a corporations

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which files eleven twenty, or as a ESCORP which files

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eleven twenty s eleven twenty pace its own tax eleven

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and then you get distributions or dividends and you pay

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tax on dividends, so it sets you up for double taxation.

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SCORP is going to be a pass through entity. You

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will be on payroll and then you'll the net income

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from the business will pass through to you and you'll

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be taxed over there. But it could save you a

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lot in self employment INC. When you incorporate and you

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choose INC and you file for employer Identification number with

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the IRS, they're going to automatically assign you to file

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an eleven twenty. Same with the corporation, you're going to

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be assigned to file on eleven twenty, which is that

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corporate return. And in corporation with pay its home tax.

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You do have to file an election with the IRS,

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not with your state, but with the Internal Revenue Service

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to make the election to be taxed as anes corp.

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And that way you can have passed through income and

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you can be on payroll LLC that could be a

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multi member if you've got another partner, that could file

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as a partnership which is at ten sixty five and

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again there then that income passes through to you on

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a K one on your personal tax return and you

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don't have payroll, but as an owner of the business,

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then you have what is called guaranteed payments, a whole

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big topic we can talk about both s corps and

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multi member partnerships and guaranteed payments, reasonable salary and all

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that fun that we've got whole shows that we can

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put on that and we'll do that coming up. So again,

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make sure you subscribe to tax Talk for you dot com.

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You want to make sure that if you are a

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corporation that you're doing everything right. Follow what was on

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that EI in letter because we've just seen it. We're

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working with a company having to file four thirty three

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b's to get rid of huge penalties for many many

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years because they filed incorrectly and then it put them

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subject to penalties for failure to file and filing late,

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and now they've got bigger problems. We've managed to work

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with another company who did the same thing. We went

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back and filed three or four years worth the tax returns. Yes,

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they got hit with about twenty thousand dollars in penalties

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and we actually were able to get them all removed,

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which was really nice for our client and getting reduction

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and in penalties. So we want to get back to

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you know, do it yourselfers. Hey, if you decide, hey,

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you want to start out doing it yourself? Hey, great,

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Remember that's a four thirty three A that you know

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for individuals and those that are self employed that have

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tax debts. But if you get started and you and

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you run into a roadblock, you're just not sure you

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want to do this, you know, Hey, give us a

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call for that free consultation at eight eight eight nine

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three zero one zero one six. So again here is

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FOURM four thirty three A. Now this is a document

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that the IRS requires you o taxes and you can't

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pay them in full. This version of the four thirty

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three forms is specifically for those wage urners self employed individuals.

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So if you want to resolve your tax debt for

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less than what you owe with an offering compromise, then

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you must complete and submit four thirty three ah I

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see the four point thirty three A is a six

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page document to collect personal and financial information. What is

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this going to include? Well, it's name, birthdate, sol security,

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number of drivers license both you and your spouse, employment

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details for both you and your spouse, gross monthly income

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and expenses, personal assets including home, cars, bank balances, investments,

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and lawsuits if they're pending, if it's applicable. So they're

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going to be gathering all this information. So we're going

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to take each one of these things here real quick

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and just go down this. So when i RS is

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dealing with this form, you know, they're of course looking

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at all this information. So they're looking for, you know,

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who you're working for, how long you've worked there, does

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the employer allow you to be contacted at work? And

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then they're going to be looking at how many people

301
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you claim as a dependent on your tax return as

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far as employment goes, how often you get paid, what's

303
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your occupation, how long you've been with this employer? This

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is all the information that they're gathering. They're trying to

305
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build a case that you can't pay, is what they're

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really trying to do. And they go through and do

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the whole thing for your spouse. Just because you omit

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information doesn't mean the I r S is not going

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to find that information. The I r S is very

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very good at going through in locating information that you

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don't put in. Remember, hey, one thing you do when

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you sign this document at the end is you're testifying

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that this is true and correct. So you know, make

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sure you're filling this out completely. And if you've hired

315
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somebody else to do this, make sure you read through

316
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it and make sure that it is complete as well.

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So the first section was all this wage and income

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information and everything, and then they're going to ask you

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questions are you party to a lawsuit? You know, are

320
00:20:29.920 --> 00:20:33.440
you the plane iff? Are you to defend it? Have

321
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you ever filed bankruptcy? And they're going to want the

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date that it's filed, date that it was dismissed, date

323
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that it was discharged, petition number, and where it was filed.

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And then the next question is going to be in

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the in the past ten years, have you lived outside

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the US for six months or longer, and they're going

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to want to know dates in months that you who

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lived abroad.

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If you can't, you know it's been multiple times, you're

330
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going to want to make sure that you're using a

331
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separate sheet that will list out many more dates that

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you may have been abroad.

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Are you a beneficiary of a trust, a state, or

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life insurance policy, including those located in foreign countries or jurisdictions.

335
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You know, many times you don't know if you're the

336
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beneficiary to somebody's insurance policy besides your your spouse. You know,

337
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maybe you don't know that you're the beneficiary of a

338
00:21:36.480 --> 00:21:38.480
trust or a state. But if somebody has passed away

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and you know it, you've got to list it here,

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and then you've got to list where it was recorded

341
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and the employer application number.

342
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So there's a.

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Trust set up and you are the beneficiary of the trust,

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and you know the trust is operating, It's it's not

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a revocable trust where somebody is living in and you're

346
00:22:00.279 --> 00:22:02.799
not going to get it until they pass away. Those

347
00:22:02.799 --> 00:22:07.240
aren't going to necessarily count. So but if you are

348
00:22:07.319 --> 00:22:09.319
the beneficiary, you're going to have to list where it

349
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was recorded, you employer identification number, the name of the trust,

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00:22:12.759 --> 00:22:17.480
a state or policy, the anticipated amount to be received,

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and when will it will be received, So they're looking

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for wherewithal to pay. Are you a trustee, fiduciary, or

353
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contributor of a trust? Meaning do you have your own

354
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trust that you've been putting money into? And if you

355
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were a trustee as somebody else's or a piduciary, is

356
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somebody else's trust, you've got to list that on here

357
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do The next question is going to be do you

358
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have a safety posit box, including those in foreign countries

359
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or jurisdictions, So you've got to answer yes or no,

360
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and then you've got to put the location out there.

361
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If you've got a safety deposit boxing here in the US,

362
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they definitely are going to find it. There's a lot

363
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of foreign countries now will also participate with the IRS

364
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and disclose information, so you want to be aware of

365
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that as well. And the next question, in the past

366
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ten years, have you transferred any assets with the fair

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market value of ten thousand dollars, including real property, for

368
00:23:22.279 --> 00:23:28.359
less than their full value? You've got to answer this question. Now.

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I'm going to explain to you what happens if you

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don't answer this question or you answer this question no

371
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and you have and we're going to address it consequences

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of how you answer this question.

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Right after this break, we have only scratched the surface

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of today's show. Please stand by as Barry Chief Bower

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00:23:52.440 --> 00:23:58.319
will be right back with tax talk for you. As

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00:23:58.319 --> 00:24:01.519
an owner operator, you all spend too much time away

377
00:24:01.519 --> 00:24:05.680
from your family. Trucker Tax Tools handles all your bookkeeping

378
00:24:05.759 --> 00:24:06.359
and taxes.

379
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No matter what level trucker you are.

380
00:24:08.559 --> 00:24:11.720
Life on the road can be taxing, but that doesn't

381
00:24:11.759 --> 00:24:15.119
mean that your wallet or time with your family should suffer.

382
00:24:15.680 --> 00:24:19.599
Trucker Tax Tools makes your life run smoothly. Go to

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00:24:19.640 --> 00:24:22.440
Trucker tax Tools dot com for a free guide that

384
00:24:22.559 --> 00:24:26.160
will give you the tools to never worry about your

385
00:24:26.200 --> 00:24:30.799
taxes again. Call Trucker Tax Tools eight seven seven nine

386
00:24:30.880 --> 00:24:35.000
sixty six two four seven seven or go to Trucker

387
00:24:35.039 --> 00:24:38.559
tax Tools dot com now and let the experts keep

388
00:24:38.599 --> 00:24:39.240
you trucking.

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Let's get back.

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To tax stock for you with more tax stock once again,

391
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here's your host, Barry G.

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Fallon.

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Hey, welcome back. Got a question here from Casey and

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00:24:59.200 --> 00:25:03.920
he's a owner operator out on the road listening to

395
00:25:04.440 --> 00:25:06.599
the show. Thank you very much for listening. But do

396
00:25:06.680 --> 00:25:11.039
you help truckers solve tax problems? I owe close to

397
00:25:12.440 --> 00:25:16.440
seventy four thousand dollars and having filed two years and taxes,

398
00:25:17.039 --> 00:25:21.240
hey case, yes, absolutely, you know, we help truckers get

399
00:25:21.279 --> 00:25:23.680
out of the tax problems. That's where we started from

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00:25:23.759 --> 00:25:27.200
way back in two thousand and eight, Taxation Solutions, tax

401
00:25:27.200 --> 00:25:30.759
relief started and a lot of our clients were truckers,

402
00:25:30.759 --> 00:25:33.359
and a lot of them are truckers here today. We

403
00:25:33.400 --> 00:25:36.599
can also help you with your bookkeeping, you know here

404
00:25:36.640 --> 00:25:40.759
at Trucker Tax Tools. But you're one of these that

405
00:25:40.799 --> 00:25:42.920
I would tell you don't try to do it yourself.

406
00:25:43.039 --> 00:25:45.119
Keeping up with the irs while you're on the road

407
00:25:45.200 --> 00:25:50.720
doing what you do is very, very complicated. And you know,

408
00:25:50.759 --> 00:25:53.559
we always have great stories of people that worked for

409
00:25:53.599 --> 00:25:55.799
the irs and one of their favorite things to do

410
00:25:56.079 --> 00:26:00.680
is getting out there after truckers and repo trucks. So

411
00:26:01.759 --> 00:26:03.759
not to scare you, but it's time to get in

412
00:26:03.799 --> 00:26:06.480
front of that problem. So pick up the phone and

413
00:26:06.720 --> 00:26:09.039
give us a call for that free consultation eight eight

414
00:26:09.200 --> 00:26:12.839
eight nine three zero one zero one six and let

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00:26:12.960 --> 00:26:15.799
us get in front of that problem. Hey, we were

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00:26:15.799 --> 00:26:19.799
talking four thirty three A, and you know we're only

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00:26:19.839 --> 00:26:23.039
on page one of this and going through and looking

418
00:26:23.079 --> 00:26:27.039
at their questions they have and the eleventh question they

419
00:26:27.079 --> 00:26:30.400
answer asking this is in the past ten years, have

420
00:26:30.519 --> 00:26:33.359
you transferred any assets with the fair market value of

421
00:26:33.400 --> 00:26:38.279
ten thousand dollars more, including real property for less than

422
00:26:38.400 --> 00:26:43.279
full value. So if you gave your child a car

423
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that's worth ten thousand dollars and more, that's included. If

424
00:26:48.759 --> 00:26:52.359
you have property, and you have transfer property or cash

425
00:26:52.640 --> 00:26:59.480
to maybe one of your children, this includes giving them

426
00:26:59.519 --> 00:27:05.000
money for college, and you've transferred them money over the years,

427
00:27:05.200 --> 00:27:09.480
you're going to have to disclose that as well. See,

428
00:27:09.480 --> 00:27:12.000
the I R S is looking for dissipated assets. What

429
00:27:12.119 --> 00:27:14.279
happened to the money that you could have used to

430
00:27:14.319 --> 00:27:20.119
pay them. You know, you may have assets that you're

431
00:27:20.160 --> 00:27:26.440
not thinking about, but you've gotten rid of those assets.

432
00:27:27.160 --> 00:27:29.880
And so even when you've pulled money out of like

433
00:27:30.039 --> 00:27:33.960
a IRA or a four oh one K, the I

434
00:27:34.160 --> 00:27:36.640
R S is looking at that as a dissipated asset.

435
00:27:36.640 --> 00:27:38.839
Where the money goes. We may have to break down

436
00:27:38.960 --> 00:27:41.920
where exactly this cash went to that you pulled out

437
00:27:41.920 --> 00:27:46.279
of your account and then they're going to be looking

438
00:27:46.319 --> 00:27:51.119
at bank statements and everything else. So the next section

439
00:27:51.240 --> 00:27:59.279
we move into is personal asset information includes located assets

440
00:27:59.279 --> 00:28:03.440
located in warn countries or jurisdictions. And you've got to

441
00:28:03.480 --> 00:28:07.119
add attachments when you have more than you know, a

442
00:28:07.160 --> 00:28:09.319
couple of accounts, so you know they're looking at your

443
00:28:09.359 --> 00:28:14.319
bank account, type of account, the full name, address of

444
00:28:14.400 --> 00:28:18.680
the bank account numbers, the account balance as of whatever

445
00:28:18.880 --> 00:28:24.319
you know within the last thirty days. Any investments that

446
00:28:24.400 --> 00:28:30.039
you may have, including stocks, bonds, mutual funds, stock options, CDs,

447
00:28:30.880 --> 00:28:34.559
retirement assets such as I ras kios four to oh

448
00:28:34.599 --> 00:28:41.160
one K plans, four H three B plans, commodities like gold, silver, copper.

449
00:28:43.160 --> 00:28:48.759
Includes all corporations, partnerships, limited liability companies, or other business

450
00:28:48.880 --> 00:28:52.960
entities which you are an officer, director, owner, member, or

451
00:28:53.000 --> 00:28:56.920
otherwise have some kind of financial interest in, no matter

452
00:28:56.960 --> 00:29:00.519
how big or small it may be. And you're going

453
00:29:00.559 --> 00:29:04.839
to have to list those investments here, and not only

454
00:29:04.920 --> 00:29:07.000
going to have to list those investments, but you've got

455
00:29:07.000 --> 00:29:10.640
to give them what is determined to be the current

456
00:29:10.799 --> 00:29:15.039
value if you have loans, So like if you've got

457
00:29:15.039 --> 00:29:17.880
stocks and you've got a margin account and you may

458
00:29:17.920 --> 00:29:20.440
have a loan, you have to list that loan there

459
00:29:20.559 --> 00:29:27.160
and then give what your equity in that. If you've

460
00:29:27.160 --> 00:29:31.000
got digital currency cryptocurrency, you need to list all of

461
00:29:31.039 --> 00:29:36.119
those currencies as well. Like I said, the IRS is

462
00:29:36.240 --> 00:29:43.240
looking for as much information as possible on you to

463
00:29:43.279 --> 00:29:48.000
determine your wherewithal to be able to pay. They're also

464
00:29:48.119 --> 00:29:51.519
looking at available credit, What credit cards do you have,

465
00:29:52.480 --> 00:29:55.680
What access to loans do you have. Do you have

466
00:29:55.759 --> 00:29:59.680
access to a lineup credit on your house? They're going

467
00:29:59.720 --> 00:30:03.599
to be looking at that. Do you have you know,

468
00:30:03.680 --> 00:30:06.759
other cash available or other loans available that you could

469
00:30:06.799 --> 00:30:11.279
take out to satisfy the I R S debt, And

470
00:30:11.319 --> 00:30:13.640
they're going to look to you to go and do it. Now,

471
00:30:14.039 --> 00:30:18.279
there are some reasons to actually go through and do

472
00:30:19.200 --> 00:30:22.160
a lot of credit on your home or something to

473
00:30:22.200 --> 00:30:24.079
pay off the I R S. And especially if you

474
00:30:24.079 --> 00:30:27.480
have the wherewithal to pay, sometimes that interest rate is

475
00:30:27.519 --> 00:30:29.640
going to be much lower on that line of credit

476
00:30:31.039 --> 00:30:34.039
or mortgage on your house than it would be continuing

477
00:30:34.079 --> 00:30:36.680
to rack up penalties and interest with the I R S.

478
00:30:37.359 --> 00:30:39.319
So you know, we've got to look at all that

479
00:30:39.359 --> 00:30:44.240
and make that determination what is the best route for

480
00:30:44.319 --> 00:30:48.240
you out there, they're going to ask you if you

481
00:30:48.240 --> 00:30:51.519
have life insurance. Do you have life insurance in any kind,

482
00:30:53.079 --> 00:30:56.319
and especially if you have cash value life insurance, and

483
00:30:56.359 --> 00:30:58.279
so you know if you do, they're going to ask

484
00:30:58.319 --> 00:31:00.559
for the name of the insurance company, the power who

485
00:31:00.799 --> 00:31:04.680
owns the policy. What's the current cash value? Do you

486
00:31:04.720 --> 00:31:09.240
have any loans outstanding on that balance? And then you

487
00:31:09.240 --> 00:31:11.160
know you're going to subtract all that and it comes

488
00:31:11.200 --> 00:31:15.319
down to available cash. So you if you do have

489
00:31:15.400 --> 00:31:19.079
cash value policies out there, they're going to want you

490
00:31:19.240 --> 00:31:25.680
to pull cash from that to help satisfy your debt

491
00:31:25.960 --> 00:31:31.680
as well. Now we're going to get into personal assets

492
00:31:32.839 --> 00:31:37.720
real property, So this is all the property that you own.

493
00:31:38.519 --> 00:31:41.839
So it may be your house, you know when you

494
00:31:42.079 --> 00:31:44.839
bought it. What's the fair market value? A lot of

495
00:31:44.839 --> 00:31:48.480
times we use Zillo to come up with what the

496
00:31:48.519 --> 00:31:53.000
current market value is, but market value may not be

497
00:31:53.119 --> 00:31:56.160
what Zillo has on there because there may be repairs

498
00:31:56.279 --> 00:31:59.200
or other things that would bring it down that Zillo

499
00:31:59.400 --> 00:32:01.759
wasn't what have But we've got to be able to

500
00:32:01.759 --> 00:32:05.640
support that. Now, if the IRS comes back and says

501
00:32:05.720 --> 00:32:09.079
your current firm market value is much higher than what

502
00:32:09.160 --> 00:32:11.000
you say, it is well, we have the option to

503
00:32:11.039 --> 00:32:14.559
go get an independent appraiser done, and once we get

504
00:32:14.559 --> 00:32:17.880
that appraiser, we can use that. But they're going to

505
00:32:17.920 --> 00:32:21.480
be looking at current loan value, what your monthly payment is,

506
00:32:21.559 --> 00:32:24.240
whins your final payment, and then they're going to get

507
00:32:24.240 --> 00:32:27.440
you your equity that out there. Now, if you're filing

508
00:32:27.480 --> 00:32:31.279
the l I see, then you know they're going to

509
00:32:31.359 --> 00:32:36.599
be looking at quick sale values as well. So you

510
00:32:36.599 --> 00:32:39.680
know there's a lot of different techniques to doing this

511
00:32:39.960 --> 00:32:44.400
to get you that solution, especially when it is offer

512
00:32:44.440 --> 00:32:49.160
and compromise. But they want you know your address, who

513
00:32:49.160 --> 00:32:54.240
your lender is, contact information, property descriptions, and if you

514
00:32:54.240 --> 00:32:56.400
have rental houses and stuff like that, they're going to

515
00:32:56.480 --> 00:33:00.640
want all of that information as well on each rehouse.

516
00:33:02.079 --> 00:33:03.759
So you know you want to you want to be

517
00:33:03.839 --> 00:33:10.000
aware of making sure that you've got everything uh completely

518
00:33:10.279 --> 00:33:16.559
lined out uh here on this form so that you're

519
00:33:16.640 --> 00:33:19.519
not missing anything because trust me, the I R S

520
00:33:19.640 --> 00:33:23.720
is going to search property records, personal vehicles, least and

521
00:33:23.920 --> 00:33:28.000
purchase That includes your boats, your RBS, motorcycles, all terrain

522
00:33:28.240 --> 00:33:32.480
off road vehicles, trailers, et cetera. And you know they

523
00:33:32.519 --> 00:33:37.799
want your make model license tag a ven number when

524
00:33:37.839 --> 00:33:41.680
you bought it, what the fair market value is, loan balance,

525
00:33:41.799 --> 00:33:45.000
amount of payment, win the final payment. Now, when you're

526
00:33:45.000 --> 00:33:46.839
going for a O I C, they really only allow

527
00:33:46.960 --> 00:33:49.519
to have, you know, one vehicle for you, one for

528
00:33:49.599 --> 00:33:54.119
your spouse. Your kids don't count, so they could require,

529
00:33:54.279 --> 00:33:58.039
especially if there's equity in those cars, to sell them

530
00:33:58.079 --> 00:34:01.000
to access that equity. If there's no equity and you

531
00:34:01.039 --> 00:34:04.359
have debt, well, the IRS isn't going to allow you

532
00:34:04.400 --> 00:34:08.000
to take and use that debt and those payments to

533
00:34:08.280 --> 00:34:11.320
upset and say hey, you can't afford to pay. Those

534
00:34:11.320 --> 00:34:13.800
things aren't going to account as well as when you're

535
00:34:13.800 --> 00:34:15.960
doing out for compromise and you're paying for your kids

536
00:34:16.039 --> 00:34:21.559
college or private tuition for you know, high school or

537
00:34:21.800 --> 00:34:24.559
you know, middle school or elementary school. Needed one of

538
00:34:24.559 --> 00:34:28.159
those count as well. It will count if you have

539
00:34:28.239 --> 00:34:34.559
them in daycare, because you know, especially if it allows

540
00:34:34.599 --> 00:34:38.920
both spouses or you as a single parent to continue

541
00:34:38.920 --> 00:34:42.119
to work. We'll be able to get those things in there.

542
00:34:42.119 --> 00:34:44.480
But you've got to go through and list every single

543
00:34:45.320 --> 00:34:50.400
vehicle you have. Now, the next section in the IRS

544
00:34:50.480 --> 00:34:57.639
is looking at his personal assets. Includes all furniture, personal effects, artwork, jewelry, collections, coins, guns, antiques,

545
00:34:58.519 --> 00:35:02.679
or any other assets, and includes and tangible assets such

546
00:35:02.719 --> 00:35:08.199
as if you've got patents or licenses, domain names, copyrights,

547
00:35:08.320 --> 00:35:13.599
mining claims. You've got to list all these things out there.

548
00:35:15.000 --> 00:35:15.199
Now.

549
00:35:15.360 --> 00:35:17.199
You know a lot of times in this section we're

550
00:35:17.239 --> 00:35:19.920
going to skip it because you know, most people don't

551
00:35:20.039 --> 00:35:25.119
have major amounts of jewelry or have you know, coin

552
00:35:25.239 --> 00:35:29.960
or gun collections, or art or an asorbent amount of furniture.

553
00:35:30.920 --> 00:35:33.000
You know some do. If you happen to be in

554
00:35:33.000 --> 00:35:35.159
that class, that's one of the things that we'll look at.

555
00:35:35.880 --> 00:35:38.760
But they do give you a pretty broad exclusion in

556
00:35:38.800 --> 00:35:44.280
this category, so you may not have to list everything out.

557
00:35:46.039 --> 00:35:46.199
Now.

558
00:35:46.239 --> 00:35:50.079
The fun part is is monthly income and expenses foreign

559
00:35:50.159 --> 00:35:52.599
and domestic. And so we're going to go over this

560
00:35:52.679 --> 00:35:56.360
section briefly when we come right back. We'll be right

561
00:35:56.400 --> 00:35:57.079
back after this.

562
00:35:59.519 --> 00:36:03.199
We have only scratch the surface of today's show. Please

563
00:36:03.239 --> 00:36:06.480
stand by as Barry G. Fowler will be right back

564
00:36:06.599 --> 00:36:12.519
with tax talk for you as an owner operator. You

565
00:36:12.639 --> 00:36:16.079
already spend too much time away from your family. Stop

566
00:36:16.159 --> 00:36:20.639
spending time doing payerwork. Go to truckertextools dot com a

567
00:36:20.760 --> 00:36:25.440
solution filled specifically for truckers. Trucker tax tools dot Com

568
00:36:25.480 --> 00:36:31.239
makes your life run smoothly as Let's get back to

569
00:36:31.400 --> 00:36:35.079
tax talk for you with more tax stock once again.

570
00:36:35.559 --> 00:36:38.079
Here's your host, Barry G. Fowler.

571
00:36:41.199 --> 00:36:45.039
Hey, welcome back. You know talking four point thirty three

572
00:36:45.159 --> 00:36:50.719
a UH filing to get a solution or payment plan

573
00:36:50.960 --> 00:36:55.519
in place with the irs. In all the different sections

574
00:36:55.559 --> 00:37:01.039
are building to this section where your disclosed your monthly

575
00:37:01.119 --> 00:37:06.360
income and expenses both foreign and domestic. You know they're

576
00:37:06.400 --> 00:37:09.360
going to be looking for everything. They're looking at your

577
00:37:09.920 --> 00:37:17.239
wages for both you and your spouse, interest dividends. If

578
00:37:17.280 --> 00:37:22.360
you have self employment, you're going to skip to section

579
00:37:22.679 --> 00:37:25.920
six and seven and go down and fill out the

580
00:37:25.960 --> 00:37:30.880
self employment side to determine your net income from your

581
00:37:30.960 --> 00:37:35.800
business so you can list your business income. If you've

582
00:37:35.800 --> 00:37:42.719
got rental properties, you've got to disclose rental properties, and

583
00:37:42.800 --> 00:37:48.000
so you're going to jure here your net monthly rental income.

584
00:37:50.519 --> 00:37:53.159
And so this is the amount after your ordinary and

585
00:37:53.239 --> 00:37:58.960
necessary monthly rental expenses being paid. You can't include here

586
00:37:59.280 --> 00:38:04.280
when you're coming up with this depreciation or depletion. If

587
00:38:04.400 --> 00:38:07.840
the rental income is a loss, you just enter as zero.

588
00:38:08.159 --> 00:38:11.559
It can't be negative. So you can't reduce your income

589
00:38:12.639 --> 00:38:21.440
because your rental is not paying for itself. Distributions these

590
00:38:21.480 --> 00:38:26.800
are distributions from partnerships or sub chapter S corporations that

591
00:38:27.000 --> 00:38:29.360
you get reported to you on a K one from

592
00:38:29.599 --> 00:38:35.639
living limited limited liability companies, and that's going to be

593
00:38:35.679 --> 00:38:40.199
reported on either D or E. You're going to enter

594
00:38:40.239 --> 00:38:44.679
your total distributions from i ra's if not included under

595
00:38:44.719 --> 00:38:48.840
the pension pension side. So if you're getting a pension,

596
00:38:48.920 --> 00:38:53.000
government pension, railroad pension, teacher retirement, you're going to list

597
00:38:53.559 --> 00:38:56.639
your pensions here for both either you or your spouse.

598
00:38:57.760 --> 00:39:00.400
If you're receiving Social Security, you're going to bring down

599
00:39:00.440 --> 00:39:03.079
and show what you as a taxpayer has a Social

600
00:39:03.079 --> 00:39:07.239
Security or you and your spouse has Social Security. If

601
00:39:07.239 --> 00:39:12.360
you're receiving child support, you've got to disclose that information

602
00:39:12.800 --> 00:39:17.480
you know here as well. You know they are looking

603
00:39:17.559 --> 00:39:21.320
for all income that you have coming in and that

604
00:39:21.480 --> 00:39:26.920
includes alimony, and then they give you a broad category

605
00:39:27.000 --> 00:39:32.000
for other income, which could include agricultural subsidies, unemployment compensation,

606
00:39:32.239 --> 00:39:38.960
gambling income, oil credits, rent subsidies, sharing economy, income from

607
00:39:38.960 --> 00:39:46.039
providing on demand work services, are goods like uber lyft Airbnb, vrbo,

608
00:39:46.719 --> 00:39:52.199
and income through digital platforms like an app or website, YouTube, TikTok,

609
00:39:52.760 --> 00:39:57.159
reoccurring capital gains from the sale of securities including you know,

610
00:39:57.280 --> 00:40:02.679
crypto and non fungible okens. So they give you broad category,

611
00:40:02.719 --> 00:40:09.360
so they're looking for all income that you have. Then

612
00:40:09.400 --> 00:40:12.280
the IRS is going to come back in and start

613
00:40:12.320 --> 00:40:21.000
looking at your expenses again. The IRS generally does not

614
00:40:21.079 --> 00:40:25.639
allow tuition for private schools, public or private college expenses,

615
00:40:26.320 --> 00:40:33.039
charitable contributions, voluntary retirement contributions, or payments, or unsecured debts. However,

616
00:40:34.760 --> 00:40:39.159
the IRS could allow expenses if proven there necessary for

617
00:40:39.239 --> 00:40:43.159
the health and welfare of the individuals or your family,

618
00:40:43.280 --> 00:40:46.440
or the production of income. Now, they lay all this

619
00:40:46.559 --> 00:40:51.199
out in Publication eighteen fifty four for all the exceptions

620
00:40:51.400 --> 00:40:54.559
that are out there, So to learn about those exceptions,

621
00:40:54.599 --> 00:40:58.920
you have to go out there and look what exceptions

622
00:40:58.920 --> 00:41:03.480
the IRS allows. But what the IRS is looking for

623
00:41:03.679 --> 00:41:08.199
is your costs, food, clothing, miscellaneous. This is going to

624
00:41:08.239 --> 00:41:13.199
be the total food, clothing, housekeeping supplies, health care products

625
00:41:13.239 --> 00:41:19.440
for one month miscellaneous. Allowance for expenses incurred is not

626
00:41:19.519 --> 00:41:24.960
included any other allowable living expenses, credit card payments, bank

627
00:41:25.039 --> 00:41:29.960
fees and charges, reading materials, school supplies, et cetera. You know,

628
00:41:30.000 --> 00:41:35.320
would all be under this here. Housing and utilities, this

629
00:41:35.400 --> 00:41:40.199
is for your principal residence. It's whether your rent or

630
00:41:40.199 --> 00:41:43.400
your mortgage payment. You're going to put the average monthly

631
00:41:43.440 --> 00:41:49.360
expenses for you know, property taxes, homeowners and renters, insurance,

632
00:41:49.599 --> 00:41:59.079
maintenance dues, homeowner's fees, utilities such as gas, electricity, water, fuel, oil,

633
00:42:00.719 --> 00:42:06.719
trash collection, telephone, cell phone, cable, television, internet services. This

634
00:42:06.800 --> 00:42:10.159
is all included in Housing and utilities. Now, if you're

635
00:42:10.239 --> 00:42:12.519
running a business and deducting part of your cell phone

636
00:42:12.599 --> 00:42:15.679
on your business side, that portion of your cell phone

637
00:42:15.719 --> 00:42:22.719
can't be deducted here under Housing and utilities. The next

638
00:42:22.719 --> 00:42:25.119
thing they're going to move is going to be vehicle

639
00:42:25.199 --> 00:42:28.480
ownership costs, and it's going to be a total monthly

640
00:42:28.559 --> 00:42:33.159
lease or purchase mom payments. So you know, what are

641
00:42:33.159 --> 00:42:37.400
you paying on your vehicles to own them? And then

642
00:42:37.480 --> 00:42:44.039
you get a deduction for vehicle operating costs, total maintenance, repairs, insurance, fuel, registration,

643
00:42:44.280 --> 00:42:47.880
license inspections, parking, and tolls for one month. Now, I'm

644
00:42:47.880 --> 00:42:50.440
going to tell you don't exaggerate this number, because you know,

645
00:42:50.440 --> 00:42:54.599
we get people telling us that they spend five hundred

646
00:42:54.679 --> 00:42:58.119
one thousand dollars in fuel and they drive a fuel

647
00:42:58.119 --> 00:43:01.760
efficient car or something. You know, they're going to look

648
00:43:01.800 --> 00:43:03.880
at your bank statement and see or your credit card

649
00:43:03.920 --> 00:43:07.519
statement and see how much are you charging in fuel?

650
00:43:08.440 --> 00:43:12.039
Uh and see that it makes sense. And so they

651
00:43:12.079 --> 00:43:16.239
do tie things back as well as like payments on

652
00:43:16.840 --> 00:43:19.280
you know, utilities and everything. They're going to be looking

653
00:43:19.400 --> 00:43:23.000
at your bills to determine, you know, are you reporting

654
00:43:23.039 --> 00:43:26.760
this correctly if you don't have a vehicle. They also

655
00:43:26.840 --> 00:43:31.119
give you an allowance for public transportation, you know, for

656
00:43:31.280 --> 00:43:34.760
mass transit, whether it's trained fairy taxi, you know, over

657
00:43:34.920 --> 00:43:38.000
whatever is you know you're using to get to work,

658
00:43:39.840 --> 00:43:42.960
they're going to allow you to take public transportation. Or

659
00:43:43.039 --> 00:43:45.480
if you're on so security networking and use that to

660
00:43:45.519 --> 00:43:48.360
get to stores and everything else, they're gonna allow you

661
00:43:48.400 --> 00:43:51.760
to do that. They're also going to give you out

662
00:43:51.760 --> 00:43:56.559
of pocket healthcare costs. And this is uh your monthly

663
00:43:56.599 --> 00:44:03.000
total of medical services, prescription drugs, medical supply, eyeglasses, hearing aids, dental.

664
00:44:03.239 --> 00:44:05.920
All that is included is what you're paying out of

665
00:44:05.960 --> 00:44:12.199
your own pocket. So if you've got major out of

666
00:44:12.239 --> 00:44:14.800
pocket costs, you're going to want to detail it here

667
00:44:14.880 --> 00:44:17.840
and then provide the support behind it to prove it.

668
00:44:17.880 --> 00:44:21.559
Otherwise they're going to give you a standard amount there

669
00:44:22.920 --> 00:44:26.599
to cover your deductibles and other stuff that you have

670
00:44:26.760 --> 00:44:30.119
coming out of could be coming out of pocket. And

671
00:44:30.159 --> 00:44:34.000
then your current your taxes state federal taxes that are

672
00:44:34.000 --> 00:44:39.639
being with help from your salary or wages, or if

673
00:44:39.639 --> 00:44:43.679
you're self employed and you're paying in estimated taxes and

674
00:44:43.800 --> 00:44:47.320
you've got to be paying estimated taxes if you're self employed,

675
00:44:49.239 --> 00:44:53.840
word of warning here, if you're going for an installment agreement,

676
00:44:54.000 --> 00:44:56.480
or you're going for a partial pay installment agreement, or

677
00:44:56.480 --> 00:45:00.840
you're going for an offering compromise and you are self

678
00:45:00.840 --> 00:45:07.400
employed and not having taxes withheld from your w two wages,

679
00:45:07.840 --> 00:45:12.800
the IRS is going to require you to have estimated

680
00:45:12.840 --> 00:45:17.960
tax payments paid in and so as you go through

681
00:45:18.280 --> 00:45:20.679
the year, you're going to have to prove that you

682
00:45:20.760 --> 00:45:25.119
have enough estimated taxes to pay your taxes or at

683
00:45:25.199 --> 00:45:32.519
least the minimum required based on your situation. So you know,

684
00:45:32.599 --> 00:45:36.079
we want to make sure that you know you have

685
00:45:36.840 --> 00:45:41.480
that detailed out and we know that this is being

686
00:45:41.519 --> 00:45:44.559
paid you know correctly. Now if you've got to downturn

687
00:45:44.639 --> 00:45:48.960
an income and you're filling out section six and seven

688
00:45:49.079 --> 00:45:52.440
for self employed, you would be able to go back

689
00:45:52.519 --> 00:45:57.679
and recalculate actual estimates improved that you've paid in the

690
00:45:57.880 --> 00:46:04.960
actual amount or estimated taxes. So you want to make

691
00:46:05.000 --> 00:46:10.639
sure that you're doing that. So briefly, you know, when

692
00:46:10.679 --> 00:46:16.519
we start getting into filling out these forms and you know,

693
00:46:16.559 --> 00:46:18.760
we're just going to prove to the IRS you need

694
00:46:18.800 --> 00:46:21.639
a lower payment plan. This is the forum four thirty

695
00:46:21.639 --> 00:46:23.239
three A we're going to use. We're going to go

696
00:46:23.280 --> 00:46:26.000
through all this with you and we're going to gather

697
00:46:26.079 --> 00:46:28.880
all this information. Now, if you're doing an offering compromise,

698
00:46:29.400 --> 00:46:33.960
you're also going to be subject greatly to national standards.

699
00:46:34.719 --> 00:46:39.480
So if your mortgage payment is really high, you may

700
00:46:39.480 --> 00:46:43.840
be limited in what you can deduct there. So you know,

701
00:46:43.920 --> 00:46:50.000
I strongly urge you to work with somebody when dealing

702
00:46:50.039 --> 00:46:52.159
with the IRS. It takes a lot of stress off

703
00:46:52.199 --> 00:46:58.360
your back. You know, we here at Taxation Solutions, our

704
00:46:58.400 --> 00:47:04.559
expertise is is very widening and deep in dealing with

705
00:47:04.599 --> 00:47:08.480
these things. We help people restructure sometimes their life and

706
00:47:08.480 --> 00:47:11.880
their financial situation based on the four thirty three To

707
00:47:12.079 --> 00:47:15.360
get them the better deal as we as we go

708
00:47:15.440 --> 00:47:20.159
through this, whether your income is too high, then you know,

709
00:47:20.320 --> 00:47:23.800
we've got to look at other strategies to put things

710
00:47:23.840 --> 00:47:27.679
in place. So strongly urge if you have major tax

711
00:47:27.719 --> 00:47:31.800
dead you know, ten thousand dollars or more, give us

712
00:47:31.840 --> 00:47:34.280
a call, go through that free consultation. Let's let's talk

713
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about what can happen and what we can do, you know,

714
00:47:37.400 --> 00:47:45.320
for you to make your life easier and better. And

715
00:47:45.360 --> 00:47:49.960
you know, those are the kind of things that will

716
00:47:50.000 --> 00:47:57.000
help you down the path to financial freedom. So you know,

717
00:47:57.039 --> 00:47:59.320
one of the things that I ask everybody is is

718
00:47:59.519 --> 00:48:01.199
you know a fun dealing with the I R S?

719
00:48:01.599 --> 00:48:03.920
You know, no, absolutely not. Is it stressful dealing with

720
00:48:03.960 --> 00:48:09.159
the I R S? Absolutely you know, when you start

721
00:48:09.199 --> 00:48:11.320
dealing with the I R S, you've got the stress

722
00:48:11.360 --> 00:48:17.079
of everything that is happening, and you've got to answer

723
00:48:17.159 --> 00:48:20.840
questions and you've got to do rapid fire, and then

724
00:48:20.880 --> 00:48:23.960
you've got to provide the information. So you know, we

725
00:48:24.119 --> 00:48:31.280
strongly get somebody, whether it's us or somebody else, get help.

726
00:48:32.159 --> 00:48:34.519
Now we've got a playbook coming out. You know, I've

727
00:48:34.519 --> 00:48:36.360
told you about this in the in the beginning, and

728
00:48:37.320 --> 00:48:40.239
we have I R s playbook. It's going to be

729
00:48:40.280 --> 00:48:45.239
released here shortly. Work the website and everything is done.

730
00:48:45.320 --> 00:48:47.880
It's just got to be updated and released. But if

731
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you subscribe to Tax Talk for You dot Com again

732
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tax Talk for You dot Com, we'll get the information

733
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out as soon as it's available. You can get in

734
00:49:00.079 --> 00:49:05.880
and download and the playbook Three simple steps to solving

735
00:49:06.199 --> 00:49:11.239
your IRS problems and putting a solution in place. And

736
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that's one of the best offers that I can give

737
00:49:14.199 --> 00:49:17.480
people out there, showing and giving you the expertise of

738
00:49:17.639 --> 00:49:22.280
me my staff at dealing with the IRS and getting

739
00:49:22.440 --> 00:49:27.159
that solution. So again, Tax Talk for You dot Com.

740
00:49:27.199 --> 00:49:31.400
Subscribe there, let us help you make sure you're back

741
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here every single week ten am Eastern Time at W

742
00:49:37.400 --> 00:49:43.199
four cy dot com W four cy Radio app. And again,

743
00:49:43.480 --> 00:49:47.119
if you tune into Tax Talk for You every Monday

744
00:49:47.199 --> 00:49:52.400
at ten am at tax talkfor You dot Com, you'll

745
00:49:52.400 --> 00:49:56.559
have the information and subscribe and be right here and

746
00:49:56.679 --> 00:49:59.159
next week we'll have some bigger surprises for you as

747
00:49:59.199 --> 00:50:03.519
we go on getting a solution, maybe that wonderful offering compromise,

748
00:50:03.599 --> 00:50:08.840
the pipe dream of everybody of settling for less than

749
00:50:08.840 --> 00:50:10.239
what you owe the irs.

750
00:50:10.480 --> 00:50:11.320
Hey, you have a God.

751
00:50:11.159 --> 00:50:14.159
Bless week and look forward to being back here with

752
00:50:14.199 --> 00:50:17.639
you again next Monday at ten am right here on

753
00:50:17.800 --> 00:50:21.199
W four c Y Radio, Tax dot for you dot com.

754
00:50:21.239 --> 00:50:22.360
Thank you have a great week.

755
00:50:23.920 --> 00:50:27.079
Are you an individual or business that wants to understand

756
00:50:27.159 --> 00:50:30.519
taxes and how they affect you? Are you looking for

757
00:50:30.599 --> 00:50:36.000
specific tax advice for self employed business owners and truckers.

758
00:50:36.599 --> 00:50:40.639
Are you behind on taxes and your bookkeeping? Are you

759
00:50:40.760 --> 00:50:43.719
dealing with the irs and ready to have some relief,

760
00:50:44.559 --> 00:50:48.360
Then you need Tax Talk for You, hosted by tax

761
00:50:48.440 --> 00:50:53.360
and trucker expert Barry G. Fouer ea Keunyan ten am

762
00:50:53.559 --> 00:50:57.119
Eastern Time, every Monday right here on W four CY

763
00:50:57.239 --> 00:51:00.480
Radio and Talk for TV. Don't forget to check this

764
00:51:00.800 --> 00:51:04.800
and past episodes at tex TALKFORU dot com.

765
00:51:05.000 --> 00:51:08.320
See you next week at W four c Y dot com.

766
00:51:10.320 --> 00:51:10.360
H