June 8, 2026

Tax Talk 4 IRS payment plans

Tax Talk 4 IRS payment plans
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Season 4

Tax Talk 4 U IRS payment plans what options do you have when setting up a payment plan with the IRS. Different types of IRS payment plans Full pay installment plan, 180 day full pay, Partial Pay Installment Plan, Stepped IRS Installment agreement, Currently Non Collectible. Internal Revenue Service.

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

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

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WEBVTT

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The topics and opinions express in the following show are

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solely those of the hosts and their guests and not

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those of W FOURCY Radio. It's employees are affiliates. We

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

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or products mentioned on air or on our web. No

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liability explicit or implies shall be extended to W FOURCY

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

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should be directed to those show hosts. Thank you for

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choosing W FOURCY Radio.

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Barry G.

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Fouler 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. Thoul Hey, welcome, great Monday morning. I hope

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everybody had a good weekend. Get something done around the

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house or the ranch or the farm, or whatever you

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do with your weekends. Family time boating whatever it may be.

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We got so much rain between Thursday, Friday, Saturday or

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at the ranch that we might as well have been voating.

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Pond was new pond we had. We've been waiting for

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a lot of water while we got excess for water.

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It was overflowing, so we almost needed the canoe to

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get through the pastures and everything out there. But in

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the chickens we had, as I was telling our producer here,

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they became fish over the weekend having to swim through

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ponding water. So I spent most of Sunday morning filling

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in the holes and replenishing the chicken runs and get

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the chickens out of the water before they actually had

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to start learning to swim. So busy weekend, but you

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know we get to come back here and we get

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to talk about taxes, and you know today's episode. You know, hey,

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we're talking about irs installment agreements. You know, you can

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pay your tax debt, and if you can afford to

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pay your tax debt in full today, man, I recommend

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you just pay it. Get rid of those penalties and

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interest that maybe a crew in on. You get it done.

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Don't go into an installment agreement, just pay the threaded

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irs off. I mean, when you own money, they're going

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to put liens on your property, liens on any equipment

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you may have. If you're owing money for your business,

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you know they're going to protect their interest in everything

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that you own. And when that becomes the case, it's

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kind of like putting handcuffs on you. I mean, you

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can't sell your house, you can't sell your business, you

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can any assets because what they have that lean on you.

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And if it becomes really really bad, just like last

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week's episode we were talking about levies and what they

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can take with the i r S feels the need

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to protect, and that need to protect is putting those

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lians on or putting those levees on. So you know,

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if you do get it into an installment agreement and

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all of a sudden you fail and you have money available,

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they're coming. You know, the meanest vicious election agency in

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the world is who you're dealing with. You know, So

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payment plans are are way out now. You know, there

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are different types of payment plans and different things that

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the i r S allows you to do when you

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establish a payment plan, but you know the first requirement

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they have is for you to be in compliance, and

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compliance to you and me and compliance to the i

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R S are two probably totally different things. So what

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does compliance mean? We got to start from their compliance

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first means all tax returns are filed. So if you're

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missing one from let's say twenty four or twenty twenty

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or twenty nineteen, you know they're going to say, hey,

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you need to file these tax returns before we'll offer

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you a payment plan. Now, if you haven't filed, and

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maybe the IRS did a SFR substitute for a return,

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so if you haven't accepted it, they consider it to

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be not filed, but yet they're trying to collect tax

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on it. So you need to get that return filed,

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and filing that return may correct excess tax the IRS

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is trying to collect. So that's why you know, at

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Taxation Solutions we go through and do a complete tax

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analysis to determine why the IRS is saying you owe

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this money, you know, and why the or maybe returns

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that are not filed. Maybe you've mailed it in and

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you've you've filed it, but they haven't processed it yet.

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We've got to get it processed. We got to get

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that complete, so you know, people have to mail in

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returns if a return is older than three years. So

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right now we can electronically file twenty fives, twenty fours,

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and twenty threes, but anything before that has to be

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mailed in and then it takes the IRS lots of

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time the process that manual return. I know, the question

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goes and says all the time, why can't the IRS

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take these older returns electronically? They were accepting the way

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back then for whatever reason, their system only takes the

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three years to accident. Then we just kind of grant

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and buried and then wait for them to process. Now,

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what else does compliance mean? Well, the other part of

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compliance is that you've made your estimated tax payment. So

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if you have to pay or required to pay estimated

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tax payments in then you've got to be up to

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date for your estimated tax payments. Now the logical question

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is is how do you determine estimated tax payments? Well,

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the best way in the way the IRS is going

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to look at it first and foremost is based on

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your twenty twenty five tax return. How much money did

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you have in tax for twenty twenty five unless your

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normal withholding, so if you have w two pay you

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would subtract it from your normal withholding from your taxes

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that are due. They would also subtract any ongoing credits

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you may have for child tax credits or something like

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that that you may have out there, and so you

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can come down and say, hey, this is how much

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money that I would typically owe for the year, divided

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by four, and then that would be your quarterly estimated

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tax payments now are made April fifteenth. If you miss

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that one, you got to make it up June fifteenth.

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So we're coming up seven days away from when the

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next estimated tax payment is due. So you got to

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make that estimated tax payment. Then you're considered current on

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your estimated tax payment. Now, I know you're curious when's

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the next two quarterly payments due, because the IRS had

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those weird quarter. Its only been two months since the

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first one was due. You know, the next one is

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going to be due September fifteenth, and then the last

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one's due January fifth, So you do get to three

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to three after that, but it goes you know, April fifteenth,

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two months later. June fifteenth is the next one, so

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you're coming up on that. Now, let's say you didn't

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file your twenty twenty five tax return yet, and you

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didn't file on extension, you're not in compliance, all right,

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So you got to get that twenty twenty five tax return. Wow.

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And if you're going to did file the extension and

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you're going to file in October and you have a

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going to have a balance due, you better be ready

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to pay that balance come October fifteenth, because if you're

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not an instonement agreement you do today will be kicked

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out on October fifteenth. You don't want that to happen either.

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So you know, we talk about you know, hey, being

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in compliance with the IRS. Under the IRS's rules. Now,

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if you had a downturn in business, the IRS will

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accept proof that your business is less this year versus prior.

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Or if your businesses goes in cycles and maybe the

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first quarter or two you're really low, but yet you're

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really big in the final quarter or the final half

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of the year, and that's the way your business usually goes.

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We can do estimates based on actuals, but we've got

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to have financial statements to prove where your business is

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at today and how it's performed to be able to

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get the estimated tax payments that are due. Hey, Becky,

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great question. What are these quarterly taxes for? What are

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we paying? Is this business or personal? This is all personal.

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This is estimated tax payments for twenty twenty six, so

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that when you file your twenty twenty six return in

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April of next year, you have already prepaid all the taxes. Now,

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this is mainly for people that are operating businesses, or

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maybe you have a lot of investment income and you've

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got to pay estimated taxes because you're usually earning additional

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money or your withholding is never enough to cover the

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taxes that are due and you need to make some

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estimate tax payments every quarter from there. But a lot

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of this comes down as people that are running small

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businesses or running businesses, whether it's on Schedule C or

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whether it's a K one coming over. This is all

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on the personal side. The only time you would pay

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estimated taxes for the business is if you are running

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a C corp and you file eleven twenty and then

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the business would owe tax and it would have requirement

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for some estimated tax payments as well. Hey, great question,

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and we love the questions that are coming in. Hey,

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Now that we've kind of covered compliance and what you

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got to do to set up installment agreement as far

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as compliance goes. We're going to take a short break

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and when we come back, we're going to start talking

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about the different types of installment agreements that you can

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do that right after this, we.

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Have only scratched the surface of today's show. Please stand

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by as Barry chief Dower will be right back with

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tax talk for you. If you own the IRS or

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are going through an IRS audit, don't go at it alone.

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Call Taxation Solutions tax Relief at eight eight eight nine

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three zero one zero one six. We are your solution

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for IRS debts, audits, back taxes, garnishments, 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. Here's your host, Barry g.

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Feler. Welcome back. You know we're talking about installment agreements

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being in compliance and one of the things that we've

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been talking about in the first segment was being in

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compliance with estimated tax payments if you're required to make them.

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And again, you know, estimated tax payments are mostly for

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people that are running businesses or have a lot of

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investment income that they're not having withholding that would cover

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their taxes due. When we were talking about this, you know,

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one of the questions we had from Becky was, are these,

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you know, for business or personal? And you know, when

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we're looking at estimated tax payments, these are all mostly

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on the personal side, unless you're running that se court. Now,

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if you are a W two employee, typically you're not

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going to be required to have estimated tax payments, unless

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maybe you have an outside business that you're running, maybe

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you just running a little side business and you have

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income that you're going to pay taxes on, you may

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have requirement. Typically you're withholding on your W two paycheck

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should typically be enough to cover the taxes that you're

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going to pay, if not, sometimes a little bit excess. However,

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it depends on how you filled out your W four

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and if you're married, how they filled out their W four.

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Sometimes we've seen where there's not enough withholding on your

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W two paycheck. Because of the way those W fours

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are filled out, they can get somewhat complicated when you're

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filling out the form. And when they do get complicated

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like that, then typically you see mistakes where you don't

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have enough withholdings to cover and you should be making

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estimated tax payments or what you typically do. When you

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see that this isn't enough, you go back to your

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employer adjust your W two the W four withholdings to

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have them withhold a little bit more money so that

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you don't have taxes do come in April fifteenth. But

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the one thing I always recommend is that you know,

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get a good tax for prayer who's going to go

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through some of this stuff with you, and you know,

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make sure that you've got your basis covered and you're

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not having more withholding than the taxes that will probably do.

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Last thing anybody really wants to do is pay the

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government in more money than they're going to owe. You

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should be keeping that money and earning the interest income

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00:14:30.399 --> 00:14:33.399
off of that. Although interest is relatively low, but if

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you put in a nice investment account and even do

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a money market you can earn you know, three percent

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00:14:38.240 --> 00:14:41.559
or three point five percent one of those investment accounts

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and money market accounts, and that's better than not earning

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anything at all with its sitting at the irs, So

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you might want to do that. Oh, another question came

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in from Jansen. Hey appreciate the questions. When do people

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running a business have to start with the taxes quarters?

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And does this cover side hustle? So yes, you would

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cover your side hustle with this as well. So when

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you're doing your taxes, then you're going to see you

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know what your tax taxes are and how much your

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withholdings are and doesn't cover enough of your side hustle income.

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You can adjust your W two to cover your side

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hustle as well and not have to make orly estimated

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tax payments. But if you're running a business and you're

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going to have in that income, then you've got to

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really sit down and consider making estimated tax payment. Now,

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remember it's only going to be the required amount, so

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you know there's no penalties for not making estimated tax

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payments if there were none required. Now that requirement comes

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in based off of your twenty twenty five tax returns

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for twenty twenty six so whatever the tax is for

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that for twenty twenty five is what they're going to

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be using to determine whether you have estimated tax payments.

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So maybe if you were a W two employee in

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twenty five, but you became self employed in twenty twenty six,

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and you know, maybe you're doing and consulting and there's

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not a lot of expenses you're deducting and you're making

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good money, you would have to look at making your

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estimates off of the total amount of tax less any

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00:16:20.960 --> 00:16:25.559
withholdings you may have, and that would be required estimates

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during twenty twenty six. Yeah, it being that you're starting

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out in business, so kind of be prepared, you know,

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for that when you're dealing with estimated tax pay stuff.

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00:16:40.120 --> 00:16:44.639
Chelsea asked, do your businesses have those things like IRA's

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and four oh one ks. You can set up if

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for your business a solo four oh one K or

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an sep PAN plan as a simplified employee pension plan.

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If you have employees, everybody's got to be covered. So

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when you get those going and set up. We've got

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some great investment people that we can for you to

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set those things up for you and go through the

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rules of what you've got to do for your business

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and how you've got to offer that to any employees. Well,

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all right, payment plans with the i r S. When

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you owe the i r S. Again, like I said,

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you can afford to pay them off, pay them off,

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save the penalty, save the entrant, don't let that accrue

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any more than it has to. But if you can't afford,

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the IRS does payment plans. So you know, for you

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as an individual having a payment plan, it can be

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really simple. And you know if you you know how

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much depending on how much you owe, can depend on

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the difficulty of getting a payment plan. But no matter

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00:17:54.799 --> 00:17:57.240
what you owe, if it's under one hundred thousand dollars,

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you can get into a short term payment plan. So

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short term payment plan is going to give you one

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hundred and eighty days to pay the full balance. There's

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no set of fee by the IRS, there is no

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financials needed, it's just your word. You're going to pay

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off the full balance in six months. And you know

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they're not going to stop penalties, they're not going to

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stop interest. Those things are still going to accrue regardless

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that you're in a payment plan now, they're not going

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to issue a lean against you or anything else. Because

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you're saying, hey, you're going to full pay now. They

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may have already done it and you it took a

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long time to request this one hundred and eighty day

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payment plan. But that being said, you know they're going

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to go ahead and give you that offer to be

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able to do it, and then you pay it off

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in that six months plus interest in penalty. But again,

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if you got the money, pay it today. If you

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need the time, take the time to do it. Maybe

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00:19:00.839 --> 00:19:03.720
you've got money sitting in investment accounts or someplace else,

307
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or you're trying to sell some property, you're trying to

308
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get a second mortgage on your home, or maybe your

309
00:19:09.839 --> 00:19:11.720
home had no mortgage on it and you're trying to

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00:19:11.720 --> 00:19:14.079
get a first mortgage. To get this paid off, you know,

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use one hundred and eighty days to do it, and

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00:19:16.599 --> 00:19:20.759
then as soon as you get that mortgage money and

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pay it to the irs and be done with them.

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You know, it gets them off your back. It takes

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the stress out of your life, and it's a good

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way of simplifying life to make sure that you don't

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have to deal with the irs and you're not looking

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over your shoulder, going, oh my god, when's the IRS

319
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coming and taking everything I have out of my bank account.

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It's a great way to do it and be done

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with it, and you can go from there. We've helped

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many clients work through this and get them down the

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road to where they can pay this off in one

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hundred and eighty days. But a lot of times you

325
00:20:01.839 --> 00:20:04.079
commit to that and that one hundred and eighty days

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comes and goes, and now you're stuck with Hey, now

327
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we got to go to a payment plan that you

328
00:20:09.680 --> 00:20:12.880
usually know more extensions once you use up that whole

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00:20:13.000 --> 00:20:16.759
hundred and eighty days every now and then we can

330
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get thirty days forty five day extensions out there, depending

331
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on the situation. But the IRS kind of frowns upon

332
00:20:25.640 --> 00:20:27.599
the fact that you've already used one hundred and eighty

333
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days and now you know, we're at a versa of

334
00:20:30.720 --> 00:20:34.200
them to get a payment plan a place, so kind

335
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of got away the pros and cons in this. If

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you know it's going to take you more than one

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00:20:38.799 --> 00:20:40.559
hundred and eighty days to come up with the money

338
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to pay them off, then we start looking at variable,

339
00:20:44.880 --> 00:20:48.319
various payment plans that are out there, you know, and

340
00:20:48.680 --> 00:20:50.559
you know, most of them are going to be the

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long term payment plans that the IRS will offer, so

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00:20:55.720 --> 00:20:59.599
you know, we want to make sure that you're diting

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your eyes, you're crossing your t's, and we're getting everything

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00:21:03.960 --> 00:21:08.400
in place. Now. One thing to note accruing costs when

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you set up a payment plan, it does not does

346
00:21:13.160 --> 00:21:19.079
not stop penalties or interest. I'm growing on that unpaid

347
00:21:19.319 --> 00:21:22.680
balance now. Typically if you put it into one of

348
00:21:22.720 --> 00:21:26.000
these long term payment plans, it's going to reduce your

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monthly failure to pay penalty and it's going to reduce

350
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that in half. So it does come with some benefits

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out there, but we've got to deal with those things

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as they come up. Even when you get into a

353
00:21:41.640 --> 00:21:46.200
payment plan, they are going to apply any future tax

354
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refunds to your unpaid tax debt, So they are going

355
00:21:51.799 --> 00:21:55.359
to take any refunds you have coming from money through

356
00:21:55.480 --> 00:22:00.160
the IRS and apply it to your outstanding balance, which

357
00:22:00.160 --> 00:22:01.640
is kind of a good thing. You're not going to

358
00:22:01.640 --> 00:22:04.119
miss the money anyway, because you've already paid it in,

359
00:22:04.680 --> 00:22:06.799
so they're not going to give it back. They're going

360
00:22:06.880 --> 00:22:09.440
to keep it and apply it towards your accident, and

361
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you do run a risk of default. So if you

362
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miss two consecutive payments, it can generally does terminate your agreement,

363
00:22:20.400 --> 00:22:26.440
which then can lead to very severe collection actions such

364
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as wage garnishments, levies on your bank account. The whole works,

365
00:22:30.920 --> 00:22:34.599
so you know, hey, you've got to be aware of

366
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those things. So you know, IRS does offer other payment plans,

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and you know, we can look at the different types

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of payment plans that the IRS going to offer. And

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we had a couple of questions come in from Walter.

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We're going to address that after this next break, but

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then we'll talk about also the other types of payment

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plan as it's the IRS is. We're going to talk

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about that right after this quick breaking.

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

375
00:23:08.640 --> 00:23:11.920
stand by as Barry G. Fowler will be right back

376
00:23:11.960 --> 00:23:17.880
with tax talk for you. As an owner operator, you

377
00:23:18.079 --> 00:23:21.599
already spend too much time away from your family. Trucker

378
00:23:21.680 --> 00:23:25.039
Tax Tools handles all your bookkeeping and taxes. No matter

379
00:23:25.079 --> 00:23:27.759
what level trucker you are. Life on the road can

380
00:23:27.799 --> 00:23:31.359
be taxing, but that doesn't mean that your wallet or

381
00:23:31.480 --> 00:23:35.359
time with your family should suffer. Trucker Tax Tools makes

382
00:23:35.440 --> 00:23:39.200
your life run smoothly. Go to Trucker tax Tools dot

383
00:23:39.240 --> 00:23:41.720
Com for a free guide that will give you the

384
00:23:41.880 --> 00:23:46.359
tools to never worry about your taxes again. Call Trucker

385
00:23:46.440 --> 00:23:50.559
Tax Tools eight seven seven nine sixty six two four

386
00:23:50.920 --> 00:23:54.640
seven seven or go to Trucker tax tools dot com

387
00:23:54.640 --> 00:24:01.119
now and let the experts keep you trucking. Let's get

388
00:24:01.160 --> 00:24:04.200
back to tax stock for you with more tax stock

389
00:24:04.759 --> 00:24:08.359
once again. Here's your host, Barry Chief Thatllo.

390
00:24:10.759 --> 00:24:14.240
Hey, welcome back. You know we're talking about I R

391
00:24:14.359 --> 00:24:18.559
S installment agreements today and how you can get into

392
00:24:18.599 --> 00:24:21.720
an installment agreement and that types of installment agreements that

393
00:24:21.960 --> 00:24:25.960
the i r S offers to you when you owe

394
00:24:26.000 --> 00:24:29.200
the I r S. Definitely, not when the i r

395
00:24:29.279 --> 00:24:30.759
S O is you, they're just going to cut you

396
00:24:30.799 --> 00:24:32.759
a check whether they have the money or not. You

397
00:24:32.759 --> 00:24:35.799
know that just adds to the national debt. If they

398
00:24:35.839 --> 00:24:37.200
owe you the money and they got to pay you

399
00:24:37.240 --> 00:24:40.000
the money, there's no one. We're not talking about installment

400
00:24:40.039 --> 00:24:44.200
agreements where the i R S is paying you. But definitely,

401
00:24:44.200 --> 00:24:46.480
when you owe the I R S money, you know

402
00:24:46.559 --> 00:24:50.279
you got choices, hey pay it off, put it in

403
00:24:50.359 --> 00:24:54.880
installment agreement, non collectible status offer and compromise. You know,

404
00:24:55.039 --> 00:24:58.079
different options that you have. But today we're talking about

405
00:24:58.440 --> 00:25:02.079
I R S. Stom Hey Walter asked a question, does

406
00:25:02.400 --> 00:25:05.519
our company handle the books for any type of company

407
00:25:05.720 --> 00:25:09.279
or just certain Walter, We handle the books for all

408
00:25:09.319 --> 00:25:13.039
types of businesses all around thet We help people get

409
00:25:13.079 --> 00:25:16.720
out of tax debt all around the country and every

410
00:25:16.839 --> 00:25:21.160
single state. We even deal with people that are living

411
00:25:21.160 --> 00:25:25.039
outside the US but have US tax debt. We also

412
00:25:25.119 --> 00:25:27.640
deal with state tax debt depending on what state you

413
00:25:27.720 --> 00:25:30.000
live in. There are a few states. We don't represent

414
00:25:30.559 --> 00:25:34.880
people for state taxes, but you know we represent for

415
00:25:34.960 --> 00:25:40.599
federal taxes across the country. We do have a sister

416
00:25:40.680 --> 00:25:43.599
company called truck or Tax Tools, the handles the books

417
00:25:43.640 --> 00:25:49.920
for truckers, owner and operators across the country. If you're

418
00:25:49.920 --> 00:25:54.039
a trucker, you can go to Trucker tax tools dot com.

419
00:25:54.480 --> 00:25:58.119
Trucker tax Tools helps, like I said, owner operators all

420
00:25:58.160 --> 00:26:02.240
around the country with their books, with their taxes and

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00:26:02.279 --> 00:26:08.640
everything else. Taxation Solutions dot net. We help people, of

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00:26:08.680 --> 00:26:12.680
course with tax relief, but we in process of doing that,

423
00:26:12.839 --> 00:26:16.160
we also help people with their books and with their

424
00:26:16.200 --> 00:26:19.359
taxes to help keep them out of debt and from

425
00:26:19.480 --> 00:26:23.640
having problems with the IRS. So you know, give us

426
00:26:23.640 --> 00:26:28.599
a call, let us help help you. Taxation Solutions number

427
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is eight eight eight nine three zero one zero one six.

428
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Again it's eight eight eight nine three zero one zero

429
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one six. Let us talk to you about your company

430
00:26:39.480 --> 00:26:42.680
and what we can do for you to help you

431
00:26:44.440 --> 00:26:48.200
with your business and bookkeeping and taxes for your company.

432
00:26:48.400 --> 00:26:50.079
A matter of fact, we'll even go through and do

433
00:26:50.160 --> 00:26:52.839
a review with your company and make sure that you're

434
00:26:52.839 --> 00:26:54.839
set up the right way. Now, if you're an owner

435
00:26:54.920 --> 00:26:58.200
operator truck driver, you can call truck or tax Tools

436
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at eight seven seven nine nine six two four seven

437
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seven again eight seven seven nine nine six two four

438
00:27:05.279 --> 00:27:08.480
seven seven or go to trucker tax tools dot com.

439
00:27:08.519 --> 00:27:10.839
We'll help you help you with your business as well.

440
00:27:11.559 --> 00:27:15.759
Now we're talking about irs UH installment agreements, and we've

441
00:27:15.759 --> 00:27:21.519
all heard a IRS says I can get a fresh start.

442
00:27:21.920 --> 00:27:24.839
We heard in the radio programs. Hey, the I R

443
00:27:25.000 --> 00:27:28.720
S has a new program called fresh Start. It's fresh money.

444
00:27:29.160 --> 00:27:32.640
That's the way I look at it. You're freshly getting

445
00:27:32.799 --> 00:27:36.440
money from you. Call them up and the first thing

446
00:27:36.480 --> 00:27:38.839
they want to do is put you into the streamline

447
00:27:39.519 --> 00:27:43.119
Installment Agreement, which is available to you if you owe

448
00:27:43.200 --> 00:27:48.759
fifty thousand or less uh an S combining your tax,

449
00:27:49.079 --> 00:27:52.559
interest and penalties, and allows you to set up a

450
00:27:52.559 --> 00:27:57.000
payment plan for up to seven seventy two months without

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00:27:57.680 --> 00:28:01.759
detail and financial and mation. So No. Four to thirty

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00:28:01.759 --> 00:28:05.079
three A, No. Four to thirty three B. As a

453
00:28:05.079 --> 00:28:06.480
matter of fact, you don't even have to fill out

454
00:28:06.480 --> 00:28:09.680
the four thirty three D. You can call them up

455
00:28:09.920 --> 00:28:12.880
and they're going to give you the max payment plan

456
00:28:13.279 --> 00:28:16.039
right there on the phone. Three or four hours on

457
00:28:16.079 --> 00:28:18.599
the phone. But you'll be able to get that now.

458
00:28:19.079 --> 00:28:21.079
You know, THEK does get the irs off your back,

459
00:28:21.160 --> 00:28:23.359
but it's a full pay plan. Now they're going to

460
00:28:23.400 --> 00:28:26.039
look at statute of limitations as well, because if your

461
00:28:26.039 --> 00:28:30.400
statue of limitations is maybe only forty eight months, that's

462
00:28:30.400 --> 00:28:32.359
all they're going to give you to pay off this debt.

463
00:28:32.519 --> 00:28:34.160
Can you afford to do it? Do they care? No,

464
00:28:34.519 --> 00:28:39.160
they don't care. It's streamlined. It's like put it into

465
00:28:39.160 --> 00:28:42.279
the computer. Here's what it says, shoot it out. You're

466
00:28:42.400 --> 00:28:44.400
now paying one thousand dollars a month. Then you go,

467
00:28:44.480 --> 00:28:46.839
but but but I can't afford to do it? Yes,

468
00:28:46.920 --> 00:28:49.640
you can't ear the irs? You can't, or we got

469
00:28:49.640 --> 00:28:52.480
to go through all this detailed information and it's going

470
00:28:52.559 --> 00:28:55.839
to be very intrusive investigation. So you can agree to

471
00:28:55.880 --> 00:28:58.920
this right and you say yes, then you default them,

472
00:28:59.240 --> 00:29:01.720
you're back at square. Matter of fact, you've made things

473
00:29:01.759 --> 00:29:04.880
probably worse because a you may have given him information

474
00:29:05.000 --> 00:29:07.640
that they didn't need to have you answer questions wrong

475
00:29:08.160 --> 00:29:11.319
or be you agreed to this knowing full well you

476
00:29:11.319 --> 00:29:13.599
weren't going to be able to be in compliance. We

477
00:29:13.680 --> 00:29:17.559
just got them dealing with a client who has really

478
00:29:17.599 --> 00:29:21.920
got a revenue officer really mad because they have not

479
00:29:22.279 --> 00:29:26.920
managed to stay or be in compliance whatsoever, nor have

480
00:29:27.200 --> 00:29:30.920
they agreed. They agreed many a times with what the

481
00:29:30.960 --> 00:29:37.599
revenue officer wanted, but provided a zero not information or payments.

482
00:29:38.079 --> 00:29:42.480
And now the revenue officers in very very bad state

483
00:29:43.119 --> 00:29:45.960
and it's going to take a lot to get him

484
00:29:46.319 --> 00:29:50.480
or her out of trouble. So just got to remember

485
00:29:50.519 --> 00:29:55.079
when you're dealing with these people, they only objective is

486
00:29:55.160 --> 00:29:58.359
to get as much money out of you as possible.

487
00:29:58.839 --> 00:30:02.480
Say they're your friend, they say, I'm from the government

488
00:30:02.480 --> 00:30:04.480
and I'm here to help. And Ronald Reagan said it

489
00:30:04.480 --> 00:30:09.559
best turn around and run fast. So hey, when they're

490
00:30:09.599 --> 00:30:11.920
out there, they're not working for you. They work for

491
00:30:12.000 --> 00:30:15.799
the Department of Revenue. They don't work for you or

492
00:30:15.880 --> 00:30:19.880
I as a taxpayer. They have no allegiance to us

493
00:30:20.000 --> 00:30:24.319
as a taxpayer, only to their boss at the Department

494
00:30:24.440 --> 00:30:29.160
of Revenue. That's it. That is it. So you're sitting

495
00:30:29.160 --> 00:30:32.160
there looking at it, and you're saying, mister Fowler, there

496
00:30:32.240 --> 00:30:36.240
is no way I can afford to do this. I

497
00:30:36.319 --> 00:30:42.720
can't afford to be into this kind of installment agreement. Well,

498
00:30:42.759 --> 00:30:45.759
you do have options, and they're not necessarily going to

499
00:30:45.839 --> 00:30:48.720
disclose these to you. So you have an option to

500
00:30:48.799 --> 00:30:52.440
do a step to payment plan to where, hey, I

501
00:30:52.519 --> 00:30:56.400
know my life situation right now just doesn't work. So

502
00:30:57.400 --> 00:31:01.480
let's start out paying instead of that thousand dollars a month,

503
00:31:02.440 --> 00:31:05.480
let's start out paying at three hundred dollars, and then

504
00:31:05.519 --> 00:31:07.559
the second year, let's go to five hundred a month,

505
00:31:08.039 --> 00:31:10.599
and then the third year we can go up to

506
00:31:11.119 --> 00:31:13.799
you know, whatever is required to pay off the tax debt,

507
00:31:13.839 --> 00:31:16.559
which maybe twelve hundred. Now you know full well that

508
00:31:16.799 --> 00:31:19.200
probably isn't going to work in your life either, but

509
00:31:19.279 --> 00:31:21.599
at least you get started doing this, and then we

510
00:31:21.640 --> 00:31:25.200
can come back to the table and change up the

511
00:31:25.240 --> 00:31:29.720
payment plan, or maybe we can change things in your life.

512
00:31:29.720 --> 00:31:34.119
If we have to that, maybe you qualify for something different,

513
00:31:34.440 --> 00:31:37.160
maybe a partial pay installment. Now what does it take

514
00:31:37.200 --> 00:31:39.559
to get any It doesn't matter whether you owe fifty

515
00:31:39.599 --> 00:31:43.200
thousand or one hundred thousand or a million dollars. If

516
00:31:43.279 --> 00:31:47.599
you need to do a monified type installment agreement plan

517
00:31:48.319 --> 00:31:50.960
or you are still going to do a full pay

518
00:31:51.000 --> 00:31:53.839
installment agreement, but you owe a large amount of money

519
00:31:53.839 --> 00:31:56.720
to the irs, you're going to have to do a

520
00:31:56.759 --> 00:32:00.200
four to thirty three and it could be a B.

521
00:32:00.839 --> 00:32:03.480
A is if you're not running a business. Four thirty

522
00:32:03.559 --> 00:32:06.079
three B is for a business. So if you are

523
00:32:06.279 --> 00:32:11.839
a person who is running a corporation in es corporate

524
00:32:12.000 --> 00:32:17.839
or LLC or single member LLC reporting on a schedule, see,

525
00:32:18.519 --> 00:32:21.160
you're going to be possibly required to file that four

526
00:32:21.319 --> 00:32:24.799
thirty three B or business. You're gonna have to disclose

527
00:32:24.839 --> 00:32:27.720
everything that you're making from your business. And then you'll

528
00:32:28.400 --> 00:32:30.799
also have to do for thirty three A, which is

529
00:32:30.839 --> 00:32:35.319
a detailed financial statement of everything. You've got, everything you own,

530
00:32:35.599 --> 00:32:39.640
all your assets, and you've got to report everything honestly,

531
00:32:39.799 --> 00:32:44.720
true and correct, so there's no hiding property or avoiding

532
00:32:45.160 --> 00:32:49.880
something that you don't want to disclose today and the IRS.

533
00:32:49.960 --> 00:32:52.279
So if you're dealing with a revenue officer can come

534
00:32:52.319 --> 00:32:56.000
in and require you to liquidate your investment accounts, or

535
00:32:56.079 --> 00:33:01.519
liquidate a retirement account, or even possible we sell property,

536
00:33:01.559 --> 00:33:05.599
even rental property and stuff like that. You've got to

537
00:33:05.680 --> 00:33:07.720
have some give and take and you've got to figure

538
00:33:07.759 --> 00:33:09.559
out what's going to be the best thing for you.

539
00:33:09.599 --> 00:33:12.720
If you don't want to sell property, then you've got

540
00:33:12.720 --> 00:33:15.319
to come up with different solutions to it. But if

541
00:33:15.359 --> 00:33:18.200
the IRS sees the equity there and it's not your

542
00:33:18.200 --> 00:33:21.799
primary home, they could come back and say, no, we

543
00:33:21.880 --> 00:33:25.200
need and require you to sell this property, or we're

544
00:33:25.240 --> 00:33:28.079
going to take this property so that we will sell

545
00:33:28.119 --> 00:33:31.680
it and apply what's left to your tax debt. So

546
00:33:32.200 --> 00:33:34.680
you've got to be aware of that. So you've got

547
00:33:34.680 --> 00:33:37.559
to sit down and be able to do this analysis

548
00:33:37.599 --> 00:33:41.000
and then prove what you can afford to pay today

549
00:33:41.240 --> 00:33:44.839
to the IRS and in monthly payments, and once you

550
00:33:44.960 --> 00:33:48.839
do that, then the IRS can say yay or nay

551
00:33:49.400 --> 00:33:53.319
and approve installment agreement. You're dealing with the revenue officer,

552
00:33:53.440 --> 00:33:56.839
then dollar amounts large enough that revenue officer would have

553
00:33:56.880 --> 00:34:00.200
to go to their manager. So you've got to be

554
00:34:00.279 --> 00:34:05.119
aware of the different options and tools. We're going to

555
00:34:05.160 --> 00:34:07.160
take a quick break and when we come back, we're

556
00:34:07.160 --> 00:34:09.920
going to talk more about that partial pay installment agreement

557
00:34:09.960 --> 00:34:13.920
and how that could possibly benefit you over the long term,

558
00:34:14.000 --> 00:34:14.800
whether that Frida.

559
00:34:16.559 --> 00:34:20.239
We have only scratched the surface of today's show. Please

560
00:34:20.280 --> 00:34:23.519
stand by as Barry G. Fowler will be right back

561
00:34:23.599 --> 00:34:29.559
with tax stock for you. As an owner operator, you

562
00:34:29.679 --> 00:34:33.119
already spend too much time away from your family. Stop

563
00:34:33.199 --> 00:34:37.519
spending time doing paperwork. Go to Trucker tax tools dot com,

564
00:34:37.639 --> 00:34:42.159
a solution built specifically for truckers. Trucker tax tools dot

565
00:34:42.199 --> 00:34:48.280
Com makes your life run smoothly. Let's get back to

566
00:34:48.400 --> 00:34:52.119
tax Stock for you with more tax stock once again.

567
00:34:52.599 --> 00:34:58.559
Here's your host, Barry G. Fowler. Hey, welcome back, and

568
00:34:58.639 --> 00:35:02.920
you're talking IRS plans, you know, and again first thing

569
00:35:02.960 --> 00:35:06.239
you got news be in compliance. All tax returns filed,

570
00:35:06.719 --> 00:35:10.559
estimated tax payments for twenty twenty six paid. That means

571
00:35:10.599 --> 00:35:13.280
you have first one is do April fifteenth, Your next

572
00:35:13.280 --> 00:35:17.760
one is due June fifteenth, and then October and then January.

573
00:35:17.880 --> 00:35:22.400
So make sure you're going to be in compliance. Once

574
00:35:22.440 --> 00:35:26.480
you're in compliance, then you can file for an installment agreement.

575
00:35:27.079 --> 00:35:28.400
If you want to go with the full amount, you

576
00:35:28.440 --> 00:35:30.880
can even go to the IRS dot gov and go

577
00:35:30.960 --> 00:35:33.239
into their payment tools and set up your own payment

578
00:35:33.320 --> 00:35:35.960
arrangement there and you can get a VD to approve.

579
00:35:36.559 --> 00:35:38.559
I've tried that for a few of our clients and

580
00:35:39.119 --> 00:35:44.079
we continue to get rejects because whatever, sometimes the system

581
00:35:44.280 --> 00:35:47.079
just doesn't work it's supposed to, So you know, you

582
00:35:47.119 --> 00:35:49.280
need to be aware of that as you're going through.

583
00:35:49.719 --> 00:35:53.920
So you can also call the IRS eight hundred and

584
00:35:53.920 --> 00:35:56.960
eighty two nine ten forty and you sit on hold

585
00:35:56.960 --> 00:35:59.159
for three hours, speak to a representative, and they'll get

586
00:35:59.159 --> 00:36:03.840
you into a full pay installment agreement as quick as possible.

587
00:36:04.679 --> 00:36:08.800
But if you can't afford to pay the IRS, there

588
00:36:08.880 --> 00:36:12.320
is an option out there called the partial pay installment agreement.

589
00:36:12.519 --> 00:36:16.559
Now what we do is we use this especially when

590
00:36:16.599 --> 00:36:19.400
statute of limitations are coming up and we need to

591
00:36:19.440 --> 00:36:23.199
stop the IRS from coming after everything you own. And

592
00:36:23.280 --> 00:36:25.360
we can prove to the IRS with the four to

593
00:36:25.440 --> 00:36:28.519
thirty three A and four thirty three B, or maybe

594
00:36:28.519 --> 00:36:31.039
we just use the four to thirty three F. Usually

595
00:36:31.119 --> 00:36:35.079
they want the detailed one we can prove to the IRS.

596
00:36:35.119 --> 00:36:37.719
You can only afford to pay so much a month.

597
00:36:38.079 --> 00:36:40.599
Maybe you can only afford to pay one hundred dollars

598
00:36:40.639 --> 00:36:43.719
a month on debt that they want one thousand dollars

599
00:36:43.920 --> 00:36:47.679
because they need that thousand to pay off certain debt

600
00:36:47.800 --> 00:36:50.960
before the statute of limitations right now, but you can

601
00:36:51.000 --> 00:36:53.800
only afford to pay the hundred, and we could prove

602
00:36:53.840 --> 00:36:56.079
it to them. Well, then you can be set up

603
00:36:56.119 --> 00:36:59.519
on that payment plan four one hundred dollars a month. Now,

604
00:37:00.119 --> 00:37:02.599
that one hundred dollars a month will be for the

605
00:37:02.719 --> 00:37:06.079
term of the life of the debt, so it may

606
00:37:06.199 --> 00:37:09.400
pay off some of the newer debt over span of

607
00:37:09.519 --> 00:37:13.400
five years or set or seventy two months, six years,

608
00:37:13.840 --> 00:37:18.079
but the other debt falls off along the way, which

609
00:37:18.159 --> 00:37:20.719
makes the one hundred dollars a month payment plan work

610
00:37:20.800 --> 00:37:23.400
over the seventy two months. So you as long as

611
00:37:23.440 --> 00:37:26.400
you make that one hundred dollars payment every month, certain

612
00:37:26.440 --> 00:37:29.840
tax debts will fall off as you go because Statute

613
00:37:29.880 --> 00:37:33.920
Limitations only runs for ten years. So if right now

614
00:37:34.519 --> 00:37:38.960
you had tax debt from twenty fifteen or even fourteen

615
00:37:39.079 --> 00:37:42.519
or thirteen, or you know somewhere around there that had

616
00:37:42.639 --> 00:37:45.400
extensions on the Statue of limitations, you may be seeing

617
00:37:45.519 --> 00:37:48.440
tax debt that's going to fall off here just in

618
00:37:48.480 --> 00:37:51.239
the coming months or over the next year or two.

619
00:37:51.960 --> 00:37:55.239
It may save you a ton of money of debt

620
00:37:55.440 --> 00:37:58.920
to the irs by being in a partial pay installmaagreement. Yes,

621
00:37:59.400 --> 00:38:02.360
over to years, you'd pay twenty four hundred dollars, but

622
00:38:02.480 --> 00:38:05.800
that would pay in comparison to one of the clients

623
00:38:05.840 --> 00:38:08.440
we just did this for, and they had twenty thousand

624
00:38:08.519 --> 00:38:10.639
debt thousand dollars worth of debt fall off in the

625
00:38:10.679 --> 00:38:13.880
first year, another twenty five thousand falling off in the

626
00:38:13.960 --> 00:38:17.960
second year, and then another fifteen thousand falling off in

627
00:38:18.039 --> 00:38:19.920
the third year. But by the end of the third

628
00:38:19.960 --> 00:38:23.239
year they've only paid thirty six hundred and they saved

629
00:38:23.440 --> 00:38:28.239
almost sixty thousand dollars by having in partial pay installment agreement.

630
00:38:28.280 --> 00:38:31.840
So sometimes those partial pay installment agreements were now, what's

631
00:38:31.880 --> 00:38:35.199
the benefit versus Oh my gosh. The holy grail of

632
00:38:35.760 --> 00:38:42.039
resolution that you hear online of offering compromise is a

633
00:38:42.280 --> 00:38:45.840
over seven years, seventy two months, you pay seventy two

634
00:38:45.920 --> 00:38:49.920
hundred dollars and you're done. As long as you're able

635
00:38:49.960 --> 00:38:52.760
to make those payments, all the total debt falls away

636
00:38:52.800 --> 00:38:54.880
except for the seventy two hundred you paid over the

637
00:38:55.000 --> 00:38:59.519
seventy two months, and you probably save money because one,

638
00:39:00.199 --> 00:39:02.719
you paid less to get this partial pay installment agreement.

639
00:39:03.000 --> 00:39:07.960
Two you don't have to worry about compliance as much

640
00:39:08.440 --> 00:39:12.920
because once debt falls off over the year, two years,

641
00:39:12.920 --> 00:39:16.719
three years, four years, whatever the time period is. If

642
00:39:16.760 --> 00:39:21.119
you then default, then guess what. All that debt has

643
00:39:21.239 --> 00:39:24.480
not come flooding back. It has been settled by statue

644
00:39:24.480 --> 00:39:30.159
of limitations. It's gone. So there was your benefit of

645
00:39:30.199 --> 00:39:33.840
being in a partial pay installment agreement, whereas if you're

646
00:39:33.920 --> 00:39:38.079
not offering compromise in four years in you default because

647
00:39:38.079 --> 00:39:40.039
you don't file a tax return or you owe money

648
00:39:40.079 --> 00:39:42.360
on a tax return where you didn't make a proper

649
00:39:42.480 --> 00:39:44.519
estimated tax payments, and now you owe and you can't

650
00:39:44.559 --> 00:39:50.119
afford to pay all that tax debt came flooding back

651
00:39:50.239 --> 00:39:54.119
to you, and how you all owe everything that was

652
00:39:54.199 --> 00:39:58.760
settled because statute of limitations and an offering compromise ceased

653
00:39:58.800 --> 00:40:02.320
to run while you're paying them and offering compromise, and

654
00:40:02.440 --> 00:40:07.800
you have one hundred percent compliance requirement. So what's the

655
00:40:07.840 --> 00:40:11.639
best It depends on your situation. Sometimes offering compromise sometimes

656
00:40:11.760 --> 00:40:15.760
noncollectible status sometimes partial pay installment agreement. If you really

657
00:40:15.840 --> 00:40:18.000
want to know, hey, give us a call. It at eight

658
00:40:18.039 --> 00:40:22.320
eight eight nine three zero one zero one six Taxation Solutions.

659
00:40:22.360 --> 00:40:24.880
It will help you with your tax debt, help solve

660
00:40:24.920 --> 00:40:28.800
the problem and get you the best settlement solution allowed

661
00:40:28.840 --> 00:40:32.480
by law or your situation. All right, we got some

662
00:40:32.519 --> 00:40:36.719
follow up questions. Jansen is asking do you need different

663
00:40:36.719 --> 00:40:41.239
bank accounts for each side Hustle. So here's the thing, Jansen,

664
00:40:41.400 --> 00:40:44.119
really just depends on how you're set up. If you

665
00:40:44.159 --> 00:40:47.280
set up different core companies, different analyses, yes you do.

666
00:40:47.440 --> 00:40:50.880
If it's just one company with DBAs, no, you don't

667
00:40:50.920 --> 00:40:55.639
need necessarily separate bank accounts, but you know you could

668
00:40:55.800 --> 00:40:58.360
use them because it could help divide up and split

669
00:40:58.480 --> 00:41:00.559
and say, hey, this is how each segment of the

670
00:41:00.559 --> 00:41:03.559
business is doing a little bit easier. But sometimes for

671
00:41:03.639 --> 00:41:07.320
most people that would get confusing. If you're running different LLCs,

672
00:41:07.760 --> 00:41:11.719
then yes, or different corporations, then yes, you need separate

673
00:41:11.760 --> 00:41:15.159
bank accounts for each one, separate employer identification number for

674
00:41:15.199 --> 00:41:19.239
each one, and then you go from there. Also, Jansen,

675
00:41:19.280 --> 00:41:23.199
you're asking, do you need bookkeeping for each side Hustle? No,

676
00:41:23.360 --> 00:41:27.920
not necessarily you might want to have different classes in

677
00:41:28.039 --> 00:41:31.519
what we use is zero software and you'd be able

678
00:41:31.559 --> 00:41:34.320
to distinguish one business from the other to see how

679
00:41:35.440 --> 00:41:38.519
you're making money. And his last question was do you

680
00:41:38.519 --> 00:41:41.440
need to file different taxes for each side hustle. If

681
00:41:41.480 --> 00:41:45.280
there are separate companies, separate LLCs may be recognized as

682
00:41:45.440 --> 00:41:50.719
escorps or different incorporated businesses as es corps. Each corporation

683
00:41:50.800 --> 00:41:54.440
will file a separate return. If you're filing under your

684
00:41:54.440 --> 00:41:58.719
personal schedule C then though you would not, it would

685
00:41:58.760 --> 00:42:02.239
all roll up into one. Now, if you're running two

686
00:42:02.280 --> 00:42:07.280
different entities, yes, then you would want to separate schedule sees.

687
00:42:07.400 --> 00:42:11.639
But it all gets wild with us. Jansen, you got

688
00:42:11.679 --> 00:42:15.800
some great questions. The next question out here we're going

689
00:42:15.880 --> 00:42:18.079
to have to address next week. We'll talking about small

690
00:42:18.119 --> 00:42:21.480
businesses and what you need to do for your side hustles.

691
00:42:21.760 --> 00:42:25.519
When to make your side hustle a business, when to incorporate,

692
00:42:25.920 --> 00:42:28.639
when to make an LLC and all that. We can

693
00:42:28.679 --> 00:42:31.320
discuss that next week because we're running a limited time

694
00:42:31.360 --> 00:42:36.920
here for this show. This week. Great questions, you now

695
00:42:37.000 --> 00:42:39.400
establish what next week's show is going to be about.

696
00:42:39.719 --> 00:42:42.559
It's all about your business, your side hustle and what

697
00:42:42.639 --> 00:42:44.679
do you need to do for you? Man? I appreciate

698
00:42:44.719 --> 00:42:47.719
the questions. This is a great show that we have

699
00:42:48.000 --> 00:42:52.000
that man, this hour goes fast. I probably talk a

700
00:42:52.039 --> 00:42:54.400
little fast because I try to get so much information

701
00:42:54.559 --> 00:42:57.239
into shows. But whatever you do, you've got to be

702
00:42:57.320 --> 00:43:01.199
here every Monday at ten am Eastern Time, right here

703
00:43:01.199 --> 00:43:04.239
in W four c Y Radio. If you do miss

704
00:43:04.239 --> 00:43:08.320
a episode, we try to get everything up at ihear

705
00:43:08.519 --> 00:43:12.719
Spotify all the different podcast sites, or just make it simple,

706
00:43:12.760 --> 00:43:16.400
go to tax Talk the number four the letter dot

707
00:43:16.400 --> 00:43:20.119
com and tax Talk the letter forward or the number

708
00:43:20.119 --> 00:43:24.000
four letter dot com and follow us over there and

709
00:43:24.039 --> 00:43:28.360
never miss an episode so that you can catch up

710
00:43:28.400 --> 00:43:32.320
on everything that you miss if maybe, hey, you weren't

711
00:43:32.320 --> 00:43:36.440
available to listen today, and then tell your friends about it. Man.

712
00:43:36.480 --> 00:43:39.360
We'd like to get information out to help people, whether

713
00:43:39.400 --> 00:43:43.960
it's bookkeeping for your business, whether it's taxes for your business,

714
00:43:44.000 --> 00:43:47.639
for your personal how can you save money on taxes?

715
00:43:48.719 --> 00:43:50.159
What do you need to do when you owe the

716
00:43:50.199 --> 00:43:53.559
I R. S Money In getting the right solution in

717
00:43:53.639 --> 00:43:58.119
place for you for yourself or maybe your business. You know,

718
00:43:58.239 --> 00:43:59.840
the whole work. So that's what we're here to do.

719
00:44:00.079 --> 00:44:02.440
And answer your questions. So when you tune in and

720
00:44:02.519 --> 00:44:05.199
you have a question, send us the question. Let us

721
00:44:05.199 --> 00:44:07.599
help you. Hey, well, whatever you do, you tune in

722
00:44:07.760 --> 00:44:11.119
every Monday ten am Eastern time on W four CY

723
00:44:11.280 --> 00:44:15.760
Radio and listen here. Have a God blessed, glorious week.

724
00:44:16.199 --> 00:44:19.400
Enjoy the week that God has given us. Do the

725
00:44:19.400 --> 00:44:21.639
things that you love to do, and spend the time

726
00:44:21.679 --> 00:44:24.320
with your fame, and then give the goud God the

727
00:44:24.360 --> 00:44:28.639
glory for everything that you have and everything that you

728
00:44:28.800 --> 00:44:31.800
have done for the week. God bless you. We'll see

729
00:44:31.840 --> 00:44:34.159
you next week ten am Eastern time right here at

730
00:44:34.280 --> 00:44:35.519
W four CY Radio.

731
00:44:36.840 --> 00:44:40.000
Are you an individual or business that wants to understand

732
00:44:40.079 --> 00:44:43.440
taxes and how they affect you. Are you looking for

733
00:44:43.519 --> 00:44:48.920
specific tax advice for self employed business owners in truckers.

734
00:44:49.480 --> 00:44:53.519
Are you behind on taxes and your bookkeeping? Are you

735
00:44:53.679 --> 00:44:57.639
dealing with dirs and ready to have some relief, Then

736
00:44:57.760 --> 00:45:01.400
you need Tax Talk for You, hosted by tax and

737
00:45:01.519 --> 00:45:06.280
trucker expert Barry G. Fowler EA. Tune in ten am

738
00:45:06.480 --> 00:45:10.000
Eastern time every Monday right here on W four CY

739
00:45:10.159 --> 00:45:13.480
Radio and Talk for TV. Don't forget to check this

740
00:45:13.719 --> 00:45:18.280
and past episodes at tax TALKFORU dot com. See you

741
00:45:18.320 --> 00:45:23.400
next week at W four c y dot com.