The Logan Allec Show

Can't afford to pay your IRS tax debt? In this video, I explain currently not collectible (CNC) status, who may qualify, and how the IRS collection statute expiration date (CSED) can affect your situation. I cover the qualifications, continuing penalties and interest, possible financial reviews, and partial payment installment agreements for taxpayers who can afford smaller monthly payments. Not everyone qualifies, and CNC status does not erase your debt or guarantee that you'll never have to pay.Owe the IRS or your state at least $10,000 in back taxes, or have multiple years of unfiled tax returns? Book a FREE consultation with my team at Choice Tax Relief to discuss your situation and potential options.

Received IRS Notice CP2566R? The IRS is holding your refund and has calculated a proposed tax bill for a return it says you haven't filed. Before you agree to that amount—or ignore the notice—understand what's at stake.

IRS penalties and the interest charged on them can dramatically increase your tax debt—but there are three major ways taxpayers may qualify to have IRS penalties removed, including a new automatic penalty exemption beginning in 2026. In this video, CPA Logan Allec explains reasonable-cause relief, First Time Abatement, the new Automatic Exemption from Penalty, and what each option can and cannot eliminate.Call 866-8000-TAX (866-800-0829) for a free consultation.Book online: https://choicetaxrelief.com/free-tax-...If you owe the IRS or your state at least $10,000—or have multiple years of unfiled tax returns—you may qualify for a free consultation with Choice Tax Relief.In this video:When the IRS may accept reasonable causeWhy documentation is essentialHow IRS First Time Abatement worksWhy “first time” does not necessarily mean once in your lifetimeThe new Automatic Exemption from Penalty beginning in 2026Which penalties may be eliminatedWhat happens to interest when penalties are removedWhy broader tax-relief options may reduce more than penalties aloneOfficial IRS information about administrative penalty relief:https://www.irs.gov/payments/administ...This video is for general informational purposes only and does not constitute tax or legal advice. Results depend on each taxpayer's individual circumstances.#IRSPenalties #PenaltyAbatement #IRSTaxDebt #TaxRelief #IRSHelp

Looking to get an EIN Number? Here is exactly how to do it! Watch today's daily upload for a step-by-step guide as well as some mistakes you want to avoid! Looking to set up payroll but not sure which payroll software to use? Take my free quiz at https://payrollsignal.com/#EIN #EINNumber #EmployerIdentificationNumber

My OnPay Promo Code: https://onpay.tpchkr.net/6kxdzmMy Gusto Promo Code: https://gusto.com/r/logan592Is OnPay worth using for your small business in 2026? In this OnPay review, I break down the pricing, payroll features, pros and cons, how it compares to alternatives like Gusto, and which businesses I think OnPay makes the most sense for.OnPay offers full-service payroll, federal, state, and local payroll tax filings, W-2 and 1099 filing, employee self-onboarding, and multi-state payroll under one pricing plan. In this video, I look at where OnPay shines, where it falls short, and whether I would recommend it to small business owners.I also compare OnPay with Gusto, including some of the situations where paying for OnPay may make more sense — particularly for businesses with employees in multiple states.*In this video:*• What OnPay does• OnPay pricing• OnPay payroll tax filing• OnPay pros and cons• Multi-state payroll• HR and time-tracking limitations• OnPay vs. Gusto• Who I think should use OnPay• How to get the OnPay referral reward*Affiliate disclosure:* I may receive compensation if you sign up for OnPay through my link, at no additional cost to you. My opinions and recommendations are my own.#OnPay #Payroll #PayrollSoftware #SmallBusiness

Received IRS Notice CP22E? This notice generally means the IRS made changes to your tax return following an audit and those changes resulted in a balance due. In this video, I walk through the CP22E notice, what it is telling you, and what to consider depending on whether you agree with the changes, disagree with them, or simply can't afford to pay the balance.

If the IRS has started garnishing your wages, you may have options to get the levy released. In this video, I explain two of the most common ways we deal with IRS wage levies at Choice Tax Relief and what you should do after your employer tells you it received an IRS levy notice.

My Gusto Link: https://loganallec.com/gusto/Imagine filing Form 1120-S for years believing your S corporation election was valid—only to have the IRS come back and say your business was actually a C corporation the whole time. In this video, I walk through a real-world Form 2553 mistake that can create a massive tax mess, especially for married business owners in community property states.

IRS Notice CP21H means the IRS changed your tax return in a way that affected your Shared Responsibility Payment (SRP). In this video, I explain what CP21H means, why the IRS sends it, and what you should do after receiving one.

Did the IRS just send you multiple certified letters that all look exactly the same? If you're on an IRS installment agreement, there may be a simple explanation. In this video, I explain why the IRS can send multiple CP523 notices at once, what those notices mean for your payment plan, and why you may receive a separate notice for every tax year you owe.

Did you receive IRS Notice CP22A? This notice generally means the IRS made changes to your tax return and, as a result, says you now owe additional tax. In this video, I explain what CP22A means, why you may have received it, what to look for on the notice, and what your options are if you agree or disagree with the IRS.

Did you receive an IRS CP12 notice saying you're owed a refund — only to find out that the IRS says it's too late to actually give you the money?In this video, I break down a frustrating CP12 notice involving a 2020 tax return where the IRS determined the taxpayer was entitled to a $1,700 refund because of the Recovery Rebate Credit. The problem? According to the IRS, the statute of limitations for claiming the refund had already expired.I explain why the IRS would bother telling you about a refund it says it can't pay, how the statute of limitations on tax refunds generally works, and why the CP12 notice gives you an opportunity to challenge the IRS if you believe its refund-period determination is wrong.While the IRS may very well be correct, statutes of limitation can get complicated — and there are circumstances where the normal deadline may not tell the entire story.If you owe the IRS or your state at least $10,000 in back taxes, or you have multiple years of unfiled tax returns, Choice Tax Relief may be able to help.

Received an IRS Notice of Deficiency? Whether your notice is a CP3219A, CP3219N, Letter 531, or another version of the IRS's statutory notice of deficiency, you need to understand what it means—and, especially, the deadline attached to it.In this video, CPA Logan Allec walks through an actual IRS Notice of Deficiency and explains what the IRS is proposing, why you may have received the notice, and what your options are if you agree or disagree with the additional tax.We cover:What an IRS Notice of Deficiency actually meansWhy it's sometimes called a 90-Day Letter, NOD, or statutory notice of deficiencyThe difference between a proposed tax and an assessed taxWhy you might receive one after an audit, CP2000, or Substitute for ReturnWhat happens if you sign Form 5564 and agree with the IRSHow to dispute the IRS administrativelyWhen you may need to petition the U.S. Tax CourtWhy missing the Tax Court deadline can permanently eliminate that optionHow deductions or other corrections can sometimes dramatically reduce the proposed tax and penaltiesWhat happens if you still owe the IRS after resolving the underlying tax liabilityOne of the biggest things to understand is that the Tax Court deadline generally runs from the date of the Notice of Deficiency, not the date you actually open the envelope. If you're trying to resolve the issue with the IRS administratively, don't accidentally let that deadline pass without understanding what rights you're giving up.If you've received an IRS Notice of Deficiency and there is more than $10,000 at stake, Choice Tax Relief may be able to help you challenge the liability and, if you ultimately owe, address the resulting tax debt.

Did you receive an **IRS Notice CP59SN**? This notice means the IRS does not show that it has received your federal income tax return for the current filing year.But getting a CP59SN doesn't necessarily mean you've done something wrong. You could receive one even if you have a valid tax filing extension, recently filed your return, or otherwise aren't required to file yet.In this video, I explain **IRS Notice CP59SN**, why the IRS sends it, and what you should do after receiving one. We'll also go over what to check if you've already filed, what happens if you have an extension, and what to do if you actually do have an unfiled tax return.If you have *unfiled tax returns or IRS tax problems* and need professional help, schedule a free tax relief consultation with Choice Tax Relief:https://choicetaxrelief.com/free-tax-...Or call us at **866-8000-TAX**.*In this video:*What IRS Notice CP59SN meansWhy the IRS sent you a CP59SNWhat to do if you already filed your tax returnWhat to do if you have a filing extensionWhat to do if you haven't filedWhat can happen if you continue not filingWhat to do if you can't afford to pay the tax you owe#IRS #CP59SN #IRSNotice #UnfiledTaxReturns #TaxRelief

If you have **old IRS tax debt**, the first thing you should figure out before deciding how to resolve it is your **Collection Statute Expiration Date (CSED)**.The IRS generally has 10 years to collect an assessed tax debt—but certain events can extend or suspend that collection period. If you owe taxes from years like 2015 or 2016, understanding exactly when the IRS's collection statute expires could have a major impact on how you approach the debt.In this video, I discuss:What the IRS Collection Statute Expiration Date (CSED) isWhy old tax debt requires a different strategy than newer tax debtHow to find out when your IRS tax debt may expireWhat a CP504 levy notice can—and cannot—allow the IRS to doHow Collection Due Process hearings can affect the collection statuteCurrently Not Collectible (CNC) statusPartial Payment Installment Agreements (PPIAs)How some taxpayers may pay only a fraction of an old IRS balance before the remaining debt becomes legally uncollectibleThe key point: *before making decisions about old IRS tax debt, know the CSED for each tax year you owe.*If you owe the IRS or your state **at least $10,000 in back taxes**, or you have **multiple years of unfiled tax returns**, you may qualify for a free consultation with Choice Tax Relief.

Did you receive IRS Notice CP15B? This is a serious IRS notice because it means the IRS has assessed a Trust Fund Recovery Penalty (TFRP) against you personally.In this video, I explain what IRS Notice CP15B means, why the IRS sends it, how the Trust Fund Recovery Penalty works, and what your options may be after receiving the notice.The TFRP is commonly associated with unpaid payroll taxes and can allow the IRS to pursue certain responsible individuals personally for trust fund taxes that a business failed to pay. If you've received a CP15B, it's important to understand where you are in the IRS collection process and what steps may still be available to you.I cover:What IRS Notice CP15B meansWhat the Trust Fund Recovery Penalty isWhy the IRS may hold an individual personally responsibleThe relationship between CP15B, Letter 1153, and Form 2751What happens after the TFRP is assessedWhat you can do if you disagree with the penaltyOptions if you can't afford to pay the balance in fullIf you owe the IRS or have been personally assessed a Trust Fund Recovery Penalty and want professional help resolving your tax problem, you can schedule a free tax relief consultation with Choice Tax Relief:https://choicetaxrelief.com/free-tax-...Or call us at 866-8000-TAX (866-800-0829).#IRS #CP15B #TrustFundRecoveryPenalty #TFRP #PayrollTaxes #TaxRelief #IRSNotice

Got an IRS Notice CP14 in the mail? The CP14 is generally the IRS's first notice telling you that you have a balance due for a particular tax year.In this video, I explain what IRS Notice CP14 means, why you may have received one, what information you should check on the notice, and what your options are if you can't afford to pay the full balance right away.I also cover what can happen if you ignore a CP14, including additional penalties and interest and the possibility of the IRS moving further into the collection process.If you owe the IRS and need help figuring out your options, you can schedule a *free tax relief consultation with Choice Tax Relief* here:https://choicetaxrelief.com/free-tax-...Or call us at 866-8000-TAX.In this video:What IRS Notice CP14 meansWhy the IRS sends a CP14How to review the amount the IRS says you oweWhat to do if you agree with the balanceWhat to do if you disagree with the balanceOptions if you can't pay the IRS in fullWhat may happen if you ignore the notice#IRS #CP14 #IRSNotice #TaxDebt #TaxRelief

Can the IRS take your state refund and apply it toward your federal tax debt? Yes—and many taxpayers have no idea that this can happen.Through the State Income Tax Levy Program, the IRS can match delinquent federal tax accounts with individual income tax refunds issued by participating states. If your state refund is taken, you may receive IRS Notice CP92 explaining the levy and your appeal rights.In this video, Logan Allec, CPA, explains:• How the IRS can reach a state tax refund• Which taxpayers may be affected• What happens after the refund is taken• What IRS Notice CP92 means• What options you may have for resolving the underlying tax debtIf you owe the IRS and are worried about levies or losing a tax refund, schedule a free consultation with Choice Tax Relief:

Received an IRS Notice CP3219A? This is a Notice of Deficiency, sometimes called a statutory notice of deficiency, and it means the IRS believes you owe additional tax based on information that doesn't match what was reported on your tax return.In this video, Logan Allec, CPA and founder of Choice Tax Relief, walks through the new version of IRS Notice CP3219A section by section and explains what it actually means, why the IRS sends it, and what you should do after receiving one.We cover:What IRS Notice CP3219A meansWhy a CP2000 often comes before a CP3219AWhy a CP3219A is not yet a tax billWhat the IRS believes was missing or incorrectly reportedHow to review the income reported to the IRS by third partiesWhy stock or cryptocurrency cost basis can dramatically affect the proposed taxWhy business expenses may reduce unreported 1099 incomeWhat Form 5564, Notice of Deficiency Waiver, doesWhen you should—and should not—agree to the IRS changesYour U.S. Tax Court rightsThe importance of the deadline shown on your noticeHow you may be able to continue disputing the proposed assessment with the IRSPenalties that may appear on the noticeHow Choice Tax Relief handles CP3219A cases for clientsDo not automatically sign Form 5564 just because you recognize the income the IRS says was omitted. The IRS's calculation may not account for deductions, business expenses, stock or crypto basis, or other information that could substantially reduce the amount you actually owe.If you've received IRS Notice CP3219A, Choice Tax Relief offers a free consultation to discuss your situation.

An IRS CP2566 notice can be terrifying—especially when it says the IRS calculated a six-figure tax bill for a return you never filed. But is that proposed amount final? What happens if you cannot file by the deadline printed on the notice?In this video, Logan Allec, CPA, explains:• What an IRS CP2566 notice means• How the IRS creates a Substitute for Return (SFR)• Why the proposed tax bill may be drastically overstated• How missing stock or cryptocurrency cost basis can create a massive proposed balance• Whether filing an accurate original return can replace the IRS's calculation• What happens if you miss the CP2566 response deadline• How to obtain tax transcripts when you cannot access your IRS online account or locate a W-2If the IRS only sees gross stock or cryptocurrency proceeds, it may calculate tax without giving you credit for what you originally paid. The same problem can occur when the IRS sees self-employment income but does not account for legitimate business expenses.The important thing is to take action and file an accurate return using all available income, withholding, cost-basis, deduction, and expense information.RELATED VIDEO:IRS Notice CP2566 Explained: What It Is and What to Do   • IRS Notice CP2566 Explained: What It Is an...  REQUEST IRS TRANSCRIPTS:https://www.irs.gov/individuals/get-t...If you have multiple years of unfiled tax returns or received a CP2566, CP59, CP3219N, or another IRS non-filer notice, you may qualify for a free consultation with Choice Tax Relief.Call *866-8000-TAX* or book your free consultation here:https://choicetaxrelief.com/free-tax-...This video is for general informational purposes only and does not constitute individualized tax or legal advice.#IRS #CP2566 #UnfiledTaxReturns #TaxDebt #TaxRelief

What happens when a tax preparer gets your return badly wrong—and the IRS is already trying to collect?In this video, I break down a taxpayer's situation involving a botched 2021 tax return, cryptocurrency gains and losses that may have been reported incorrectly, roughly $60,000 owed to the IRS, and an active IRS levy.The taxpayer believes correcting the return could reduce the balance by around $40,000, potentially bringing the IRS debt down into the high teens. The problem? The IRS is collecting based on the return currently on file, and amended returns can take a long time to process.I explain why it may make sense to attack the problem from both directions at once:File the amended tax return as quickly as possibleDeal with the active IRS levy immediatelyConsider an installment agreement while the amendment is processingUnderstand how the payment plan may be adjusted once the IRS corrects the balanceBe prepared for the possibility of a Notice of Federal Tax LienUnderstand when a federal tax lien withdrawal may eventually be possibleI also discuss the important distinction between an actual bank or wage levy and simply receiving a Notice of Intent to Levy.If you owe the IRS or your state at least $10,000 in back taxes, or you have multiple years of unfiled tax returns, you may qualify for a free consultation with Choice Tax Relief.

You requested an IRS payment plan when you filed your tax return—but then the IRS sent you a bill demanding the full balance. Does that mean your installment agreement was never approved?In this video, I explain several ways to determine whether your IRS payment plan was actually accepted, including what approval letter to look for in the mail, what to check on your IRS account transcript, and when it may be time to call the IRS.I also explain why you can sometimes receive a CP14 or other collection notice even after requesting an installment agreement. Sometimes IRS processing and automated notices cross paths, so receiving a balance-due notice does not necessarily tell you whether your requested payment plan was actually established.If you owe $10,000 or more in back taxes and would like to discuss your situation with Choice Tax Relief, call 866-8000-TAX or book a free consultation here:

Why did the IRS charge an underpayment of estimated tax penalty even though this taxpayer paid 95% of their 2025 tax bill by January 15, 2026?The problem is that estimated taxes generally aren't judged only by how much you've paid by the end of the year. When you made those payments can matter too.In this video, I explain why making a large estimated tax payment late in the year may not eliminate penalties from earlier quarters, how the estimated tax safe harbors work, and when IRS Form 2210 and the annualized income installment method may help taxpayers whose income wasn't earned evenly throughout the year.I cover:Why paying 90%+ of your tax doesn't automatically eliminate an estimated tax penaltyHow the IRS looks at estimated payments throughout the yearWhat happens when you make most of your payment in Q4When uneven or seasonal income can change the calculationHow Form 2210 can potentially reduce or eliminate an underpayment penaltyWhy taxpayers with back-loaded income may be treated differentlyIf you received an IRS penalty for underpaying estimated taxes, the key question may not simply be how much you paid—but when you paid it.#IRS #EstimatedTaxes #TaxPenalty #Form2210 #Taxes #TaxHelp #IRSHelp

What happens if you owe the IRS money and simply…do nothing?The IRS generally has a limited period of time to collect an assessed tax debt. That's where the famous 10-year IRS collection statute comes from.And in this case, someone with old tax debt is wondering whether staying silent could actually work in their favor.They're filing their current tax returns. They haven't entered into a payment plan. They haven't submitted an Offer in Compromise. And, apparently, the IRS isn't actively coming after them.So does the clock keep ticking?In this video, I break down what could happen when an old IRS debt approaches its Collection Statute Expiration Date and why some actions—including certain tax resolution procedures—can actually suspend the collection clock.But there's a huge warning here:Do not take this video to mean that ignoring IRS tax debt is generally a good strategy.While the statute remains open, the IRS may pursue collection through wage levies, bank levies, Social Security levies, accounts receivable levies, and other enforcement actions.The unusual part of this situation isn't that the clock continues running.It's that the IRS apparently hasn't done much to collect before the clock runs out.Need help with serious IRS tax problems? If you owe at least $10,000 in back taxes or have multiple years of unfiled returns, you may qualify for a free consultation with Choice Tax Relief.https://choicetaxrelief.com/

A viral post on X claims that instead of paying a huge IRS tax debt in full, you can simply make tiny monthly payments until the IRS's 10-year collection period runs out and the remaining balance disappears.There is a real IRS collection strategy behind this idea: the Partial Payment Installment Agreement (PPIA). The IRS can approve payment plans where the taxpayer isn't expected to pay the entire balance before the Collection Statute Expiration Date. But there's a major piece of context missing from the viral post: you don't simply get to choose an $80 or $400 monthly payment. You generally have to demonstrate through your financial information that the proposed payment is what you can actually afford, and PPIAs can be subject to later financial review.I break down what's right about the viral post, what's misleading about it, how the IRS's 10-year collection statute actually works, and why getting approved for a Partial Payment Installment Agreement can be much harder than simply knowing that the strategy exists. The IRS also identifies several events that can suspend or extend the collection period, so the "10 years and it's gone" concept isn't always as straightforward as it sounds.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...#IRSDebt #IRS #TaxDebt #BackTaxes #IRSPaymentPlan #PartialPaymentInstallmentAgreement #TaxRelief

Received an IRS CP2000 notice? In this video, I walk through the newer version of the IRS CP2000 notice page by page and explain what it actually means, why the IRS sent it, and what you should do next.A CP2000 is generally sent when the IRS believes the income reported on your tax return doesn't match information it received from third parties such as employers, banks, payment processors, or other businesses that issued W-2s or 1099s.One of the most important things to understand: a CP2000 is not a bill. The additional tax shown on the notice is still proposed at this stage.I cover:• Why the IRS sends CP2000 notices• How the IRS Automated Underreporter (AUR) program works• Why the amount the IRS says you owe may be wrong• What to check before agreeing with the notice• What to do if you disagree with the proposed changes• How unreported business expenses or cost basis can dramatically change the calculation• The substantial understatement penalty• What happens if you don't respond by the deadline• Why CP2000 cases can take a long time to resolve• How we typically respond to these notices for clientsDo you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...#IRS #CP2000 #IRSNotice #TaxProblems #BackTaxes #TaxRelief

Confused about sole proprietorship taxes after starting your first business? In this video, CPA Logan Allec explains how taxes work for a new sole proprietor—including how to report your business income, make quarterly estimated tax payments, and keep track of your business expenses.You'll learn:Whether you need to notify the IRS that you are a sole proprietorHow business income and expenses are reported on Schedule CWhen quarterly estimated tax payments are generally dueHow to make an estimated tax payment to the IRSWhy you may also need to make state estimated tax paymentsWhether a spreadsheet is enough for your bookkeepingWhy opening a separate business bank account can make tax preparation much easierHow bookkeeping software such as QuickBooks can help categorize transactionsHow Schedule C income eventually flows onto your Form 1040Why in-home daycare providers should understand the special home-office deduction rulesSole proprietorship taxes can feel overwhelming when you have always worked as a W-2 employee. The key is to separate your business and personal transactions, maintain accurate records, understand your estimated tax obligations, and prepare for Schedule C at tax time.The business bank account Logan uses: https://loganallec.com/business-bank-...This video is for general educational purposes and is not individualized tax advice.#SoleProprietorshipTaxes #SoleProprietor #SmallBusinessTaxes #ScheduleC #EstimatedTaxes #QuarterlyTaxes #SelfEmployedTaxes #TaxTips

How likely is the IRS to approve a long-term payment plan when you owe only a few thousand dollars, have filed all your prior tax returns, and have never had an IRS installment agreement before?In this video, CPA Logan Allec reviews the IRS requirements for a guaranteed installment agreement under Internal Revenue Manual Section 5.14.5.3. He explains why taxpayers who owe $10,000 or less in income tax may have a very strong chance of getting approved when they meet the applicable filing, payment, and compliance requirements.You'll learn:How guaranteed IRS installment agreements workWhy the $10,000 threshold mattersWhether having no previous payment plan helpsHow much time the IRS may allow you to payWhat can cause an approved payment plan to default laterAlthough the guaranteed-installment-agreement rules generally contemplate repayment within three years, some taxpayers may qualify for longer repayment terms under other IRS installment-agreement procedures.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...This video is for general educational purposes and is not individualized tax or legal advice.#IRSPaymentPlan #IRSInstallmentAgreement #TaxDebt #IRSHelp #BackTaxes #TaxRelief #IRSCollections

Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

You submitted a correction to the IRS, but your account balance is still increasing. Do penalties and interest continue to accrue while the IRS reviews the information you sent?In this video, CPA Logan Allec explains what generally happens to IRS penalties and interest while a taxpayer's correction or response is being processed. He also discusses why the IRS may continue showing additional charges during the review period—and what can happen to those charges after the underlying tax balance is finally corrected.You'll also learn what kinds of follow-up notices the IRS may send and why proof that your response was received is so important.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here:https://choicetaxrelief.com/free-tax-...This video is for general educational purposes and is not individualized tax or legal advice.#IRSPenalties #IRSInterest #IRSNotice #TaxCorrection #IRSProblems #IRSHelp #ChoiceTaxRelief

What actually happens when you contact your congressperson about an IRS problem?In this video, I explain what the congressional-assistance process may look like, what happens after you submit your request, and what your representative's office may—and may not—be able to accomplish. I'll also discuss why reaching out to Congress does not automatically mean your tax issue will be resolved in your favor.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here:https://choicetaxrelief.com/free-tax-...This video is for general educational purposes only and should not be considered individualized tax or legal advice.#IRS #TaxRelief #TaxProblems #Congress #TaxpayerAdvocate

Does the exact money you deposit into a Roth IRA have to come directly from your paycheck?In this video, I explain how the earned-income requirement for Roth IRA contributions actually works, whether money received as a gift can be deposited into the account, and what ultimately determines how much you are allowed to contribute.I also discuss the potential 6% annual excise tax that may apply when someone makes an excess IRA contribution and fails to correct it.Watch my other Roth IRA videos:▶️ 15 ROTH IRA MISTAKES You Never Want to Make! Pro-Rata Rule and More!   • 15 ROTH IRA MISTAKES You Never Want to Mak...  ▶️ Roth IRA vs. Traditional IRA: Similarities, Differences, and More!   • Roth IRA vs. Traditional IRA: Similarities...  ▶️ How to Set Up a Backdoor Roth IRA at Vanguard   • How to Set Up a Backdoor Roth IRA at Vanguard  ▶️ Roth IRA For Kids: EVERYTHING You Need to Know + Step-by-Step Tutorial   • Roth IRA For Kids: EVERYTHING You Need to ...  This video is for general educational purposes only and is not individualized tax, legal, investment, or financial advice.#RothIRA #IRAContributions #RetirementPlanning #PersonalFinance #TaxTips

This taxpayer spent six years paying the IRS for a 2019 stock sale—only to discover that the IRS may have calculated the tax using a cost basis of zero.He originally owed between $14,000 and $16,000, has paid more than $10,000 through an IRS installment agreement and intercepted tax refunds, and still owes nearly $6,000.In this video, I explain:• Why simply filing an amended 2019 tax return may not fix the problem• How audit reconsideration works in a CP2000 automated underreporter case• What cost-basis documentation should be submitted to the IRS• Whether he should stop making installment agreement payments• Why the refund statute may prevent him from recovering everything he overpaid• Why dealing with the IRS Automated Underreporter unit can be surprisingly difficultIf the IRS treated your stock's cost basis as zero—or assessed tax based on unreported brokerage proceeds—this video explains the process that may be required to correct it.Need professional help resolving an IRS tax problem? Learn more about Choice Tax Relief: https://choicetaxrelief.com/This video is for general informational purposes only and does not constitute individualized tax or legal advice.

You set up a short-term IRS payment plan—and received an approval. So why is the IRS now demanding immediate payment and threatening to file a federal tax lien?In this video, I break down what may have happened and whether this taxpayer should be worried. One possible explanation is a timing issue: the collection notice may have already been generated before the payment plan was fully registered in the IRS system.I also explain:• Whether the taxpayer should call the IRS• How much collection risk exists on a balance under $5,000• Whether an IRS short-term payment plan stops penalties• How first-time penalty abatement may help• Why it may make sense to request penalty removal after the balance is paid• How likely the IRS is to file a federal tax lien in this situationReceiving an alarming IRS notice does not always mean the IRS is about to levy your bank account or wages—but you should still make sure your payment arrangement is properly reflected in its system.Owe the IRS at least $10,000 or have multiple years of unfiled tax returns? You may qualify for a free consultation with Choice Tax Relief.Call 866-8000-TAX (866-800-0829) or visit ChoiceTaxRelief.com to get started.This video is for general educational purposes and is not individualized tax or legal advice.

What's the lowest amount the IRS will settle for through an Offer in Compromise?Technically, there is no universal minimum settlement amount. In rare cases, the IRS may accept an extremely small offer—even just a few dollars. But that does not mean everyone can settle their tax debt for next to nothing.The amount the IRS may accept generally depends on your income, expenses, assets, and overall ability to pay. In this video, I explain how the IRS calculates an Offer in Compromise, why some taxpayers qualify for very low settlements, and what determines whether an offer will actually be accepted.If you owe the IRS and want professional help reviewing your options, visit:https://choicetaxrelief.com/Choice Tax Relief helps individuals and businesses resolve IRS tax debt and catch up on unfiled tax returns.#IRS #TaxDebt #OfferInCompromise #TaxRelief

Wondering what happens after you submit an IRS offer in compromise? The offer in compromise process mostly plays out by mail — and in this video, I show you the three letters the IRS actually sends, using real letters from cases my firm has handled (with client information redacted, of course).Letter #1 is the processability letter. This is the IRS telling you your offer made it past the first gate: "We received your Offer in Compromise." It gives you a date by which you'll be contacted, and it also warns that the IRS may still file a Notice of Federal Tax Lien while your offer is being investigated — I explain what that means and why it's not a reason to panic.Letter #2 comes from your offer examiner: a request for more information. In the example I show you, the examiner wanted statements showing the value of the taxpayer's retirement accounts — and these letters come with a deadline. Miss it, and your offer can be returned or rejected, which puts you back at square one. I'll tell you exactly how to handle this letter.Letter #3 is the one you're waiting for: the acceptance letter. I walk through what it actually says — your acceptance date, the terms from your Form 656, and the compliance requirement most people miss: you have to file and pay on time for the next five tax years, or the IRS can put your entire original balance back on the table.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-... — or call us at 866-8000-TAX.New IRS notice and back-tax videos every week — subscribe so the next IRS letter in your mailbox is one you already understand.#OfferInCompromise #taxdebt #taxrelief #irs

This is a real, redacted IRS Form 433-A (OIC) from an accepted $20 Offer in Compromise that settled $194,212.36 in IRS tax debt.In this video, Logan Allec, CPA and owner of Choice Tax Relief, walks through the form page by page and explains the actual financial analysis behind the accepted offer.You'll learn how Form 433-A (OIC) addresses:Bank accounts, investments and retirement accountsReal estate and vehicle equityBusiness assets and self-employment incomeMonthly household incomeActual expenses versus IRS-allowable expensesRemaining monthly incomeThe calculation of a taxpayer's minimum offer amountThe supporting documents the IRS may requireIn this case, the client reported approximately $3,865 in monthly income, $5,590 in monthly expenses, zero remaining monthly income and essentially no available asset equity. Those numbers supported a calculated reasonable collection potential of zero and an Offer in Compromise of $20.Watch the complete story of the $194,212 tax debt settled for $20 here:Link to full case video:    • Offer in Compromise Success Story: $198,21...  Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...Current IRS Form 433-A (OIC):https://www.irs.gov/pub/irs-pdf/f433a...IRS Collection Financial Standards:https://www.irs.gov/businesses/small-...IRS Offer in Compromise information:https://www.irs.gov/payments/offer-in...The client's name has been changed, and all identifying information has been redacted. Results like this are extremely unusual and are not typical or guaranteed. Offer in Compromise eligibility and settlement amounts depend upon each taxpayer's income, allowable expenses, assets and individual circumstances. This video is for general educational purposes and is not individualized tax or legal advice.#OfferInCompromise #Form433A #IRSTaxDebt

Our client received a notice of intend from the IRS demanding payment of $180,589.05 within 30 days.Thankfully, he took action before the notice's critical 30-day deadline passed.That correct decision began a case that ultimately ended with the IRS accepting $20 to settle this client's $194,212.36 in tax debt.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...Results like this are extremely unusual and are not typical or guaranteed. Eligibility for an Offer in Compromise and any potential settlement amount depend upon the taxpayer's income, allowable expenses, assets and individual circumstances. This video is for general educational purposes and is not individualized tax or legal advice.#IRSLevy #LT11 #OfferInCompromise

What should you do after receiving an IRS letter that says it intends to levy your assets? I explain how to determine whether the notice gives you Collection Due Process rights, when Form 12153 may be appropriate, and what options may be available if you cannot afford an IRS payment plan.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

The IRS accepted just $20 to settle $194,212.36 in tax debt for one of our clients.This is the complete, document-by-document breakdown of how we did it—including the threatening IRS notices, the financial analysis that supported the $20 Offer in Compromise, the offer the IRS wrongly returned, and the improper wage levy issued while the offer was pending.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here:https://choicetaxrelief.com/free-tax-...Or call 866-8000-TAX.In this video, I show the actual redacted case documents and explain:

If you can't pay your taxes, here are your four main options.

So this guy got his payment plan approved, but he's wondering about his lingering unfiled tax return from tax year 2019. What's my take on this? Logan Allec, CPA answers!Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

This guy set up his installment agreement with the IRS earlier this month. When is his first payment due?Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Got IRS Notice CP508C? Here's what almost everybody gets wrong: this is not a warning. By the time it reaches your mailbox, the IRS has already certified your tax debt to the U.S. State Department as "seriously delinquent." It already happened.In this video I go through a real CP508C — a redacted notice one of my clients actually received — piece by piece, so you know exactly what you're looking at and what you can do about it. I'm Logan Allec, CPA. The good news: this is fixable, and faster than most people think.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...⏱️ TIMESTAMPS0:00 What IRS Notice CP508C is0:29 The big misconception: this is NOT a warning1:48 Walking through a real CP508C2:09 "The Department of State has been notified..."2:45 The 2026 threshold: $66,000 across ALL years3:02 You also need a filed tax lien or an issued levy3:29 Does paying below the threshold decertify you?4:19 Denial is a guarantee. Revocation is a "may."4:57 Why the IRS does this: IRC Section 73455:32 Why your notice may NOT show everything you owe6:21 The billing summary and payment deadline7:12 Year-by-year: penalties and interest8:02 Suing if the IRS won't reverse the certification8:37 Taxpayer rights and how to pay9:29 What to do if you got a CP508C9:48 Getting below the certification threshold10:09 Penalty abatement and disputing what you owe10:54 How decertification actually works11:22 The conditions that reverse the certification12:51 CDP hearings, innocent spouse, other exclusions13:36 Installment agreements, CNC, and offers in compromise14:35 How the IRS notifies the State Department14:53 Expedited decertification for upcoming travel16:05 The three conditions for expedited handling17:38 Final thoughts

Have you submitted an offer in compromise to the IRS in 2026 and are wondering how long it will take? Logan Allec, CPA gives his take and also shares a recent offer in compromise data point from one of his clients at Choice Tax Relief.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

A taxpayer says their preparer claimed fake mortgage interest on multiple returns, resulting in large refunds, two IRS audits, and a $25,000 tax bill. I explain who is responsible for the tax, how to report the preparer, whether penalties could be removed, and what the taxpayer should do about the unaudited 2023 return.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

What happens if you haven't filed a tax return since 2016? Logan Allec, CPA, explains how far back the IRS typically requires delinquent returns, the risks of substitute returns, and why getting back into compliance matters.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Is your CPA responsible if a tax document is missing from your IRS transcripts? In this video, I explain why information returns may not appear, what your CPA can—and cannot—control, and what you should do next.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Received an IRS CP140 Notice and want to check your business tax account? In this video, I explain what the notice means and how to verify your business tax information with the IRS.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Does the IRS consider a 25% state tax wage garnishment when determining what you can afford to pay toward federal tax debt? In this video, I explain how an existing state garnishment may affect negotiations with the IRS.Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs

Receiving IRS Notice CP503 means the IRS is escalating its collection efforts—but how much time do you have to respond? In this video, I explain what CP503 means, what may happen next, and why you shouldn't ignore it.Do you owe the IRS or your state at least $10,000 in back taxes or do you have multiple years of unfiled returns that you need to get filed? Book a free consultation with Choice Tax Relief here: https://choicetaxrelief.com/free-tax-...#taxdebt #taxrelief #irs