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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.
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.
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.
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:
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
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
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.
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
Chris and Amy preview the upcoming on-sale date for 'Pups at the Park' at Energizer Park with Petey, CITY SC's resident dog; 'Millie the Weed' has a new home; Matt Pauley recaps Cards loss to Arizona; a recorder of deeds candidate has some tax issues.
The IRS levied their bank account, but the levy didn't cover their full balance. Can the IRS levy them again and, if so, how can these taxpayers protect themselves? Logan Allec, CPA from Choice Tax Relief shares his thoughts!Do you owe the IRS or your state at least $10,000 in back taxes or have multiple years of tax returns you need to get filed? Book a free consultation with us: https://choicetaxrelief.com/free-tax-...#irs #backtaxes #taxdebt
The IRS hit him with a NASTY $30,000 Section 6657 dishonored check penalty because of a simple mistake...and then gave him BAD advice over the phone! Here's what Logan Allec, CPA, of Choice Tax Relief thinks he should do instead.Owe at least $10,000 in back taxes? Have multiple years of unfiled returns you need to get filed? Book a free consultation with us here: https://choicetaxrelief.com/free-tax-...#irs #tax #backtaxes
Worried about the tax debt you never paid? Did you know it can drop off? Yup! The real question is when. Find out more information now!If you owe the IRS at least $10,000 in back taxes or have multiple years of unfiled returns you need filed, book a free consultation here: https://choicetaxrelief.com/free-tax-...#CSED #TaxDebt #TaxRelief
IRS & State Tax Problems: What To Do If You Owe Back Taxes | Real Solutions Explained by Ken Gross
Handel on the Law. Marginal Legal Advice. See omnystudio.com/listener for privacy information.
Back taxes can be complicated AND times are weird with taxes. Should you paper file your back taxes or e-file them? Here are my thoughts...Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube: / @loganallec -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: / taxrelief
Are back taxes, IRS notices, or messy filings standing between you and your financial future?In this week's episode, Corwyn sits down with tax resolution expert Fabian Cruz to uncover how everyday people — investors and non-investors alike — can protect their income, avoid liens, eliminate tax debt, and take their life back through smart tax strategies.Fabian Cruz is the founder of CITO Tax Resolution, a firm dedicated to helping individuals and business owners resolve IRS and state tax issues. Inspired by helping his own parents overcome a devastating tax problem, Fabian has built a mission around one message: “You deserve your life back.Tax talk doesn't have to be intimidating — and Fabian proves it. He breaks down the real risks of unfiled taxes, explains how poor entity setup can trigger massive problems for real estate investors, and shares a powerful story of a client who owed $300,000 yet paid nothing after his team stepped in.Whether you flip properties, hold rentals, run a business, or just want peace of mind for your family, this episode gives you the tools to structure smarter, plan ahead, and protect the legacy you're building.Key Takeaways06:00 Why Fabian Started His Firm How a personal family crisis led to the creation of CDO Tax Resolution and the mission behind the tagline: “You deserve your life back.”10:00 The Hidden Dangers of Unfiled Taxes Understanding IRS penalties, liens, and how tax problems can block refinancing, dry up investment opportunities, and impact your credibility.12:00 The #1 Mistake Investors Make: Bad Entity Structure Why mixing personal and business finances is a huge red flag — and how proper LLC and holding company setup protects your assets.14:00 How a Farmer Beat a $300,000 Tax Debt A powerful real-life story showing how Fabian helped a business owner avoid collections entirely and protect his operations.16:00 Using Trusts to Protect Your Legacy How revocable living trusts allow families to avoid probate and ensure a smoother transfer of properties and businesses to the next generation.Planning for the Future: Asset Protection & Tax Mitigation From LLCs and S Corps to solo 401(k)s and self-directed IRAs — Fabian outlines the foundational tools business owners must use to stay compliant and save on taxes.Legacy Moment: Fabian reminds listeners that legacy isn't just about the assets you pass down — it's about creating systems that protect your family long after you're gone.Connect with Fabian:Website: https://citotax.com/Instagram: https://www.instagram.com/fabianpcruz/?hl=enConnect with Corwyn:Contact Number: 843-619-3005Instagram: https://www.instagram.com/exitstrategiesradioshow/FB Page: https://www.facebook.com/exitstrategiessc/Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZAWebsite: https://www.exitstrategiesradioshow.comLinkedin: https://www.linkedin.com/in/cmelette/Shoutout to our Sponsor: Country Boy HomesDo you remember your grandma's front porch? You know that spot where stories were told, kisses were stolen, and sweet tea was always being sipped. Now imagine giving your family a place to make those same memories, but in a brand new, energy-efficient, and home that was built just for you. At Country Boy Homes, we help folks just like you find that forever feeling.Whether it's your first home, your next home, or your, we're done with rent forever, like, seriously home, we specialize in affordable, durable, manufactured, and modular homes, the kind that make room for muddy boots, big dreams, and second helpings. Come see what coming home really feels like. Call 843-574-8979 today.Country Boy Homes, Built to Last, Priced for You.
Looking to settle some old tax debt with the IRS by claiming bankruptcy? Here is what you need to know! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube: / @loganallec -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: / taxrelief
If your deceased parent left this life owing back taxes, who now has to handle that? In the case that it is you, could you lose your possessions to the IRS for THEIR tax debt? Find out now!Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube: / @loganallec -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: / taxrelief
Our heroes are sorting things out in Assguard! Butthole (Ryan LaPlante, @theryanlaplante) got a bunch of small details resolved with Anyn, Juniper (Laura Hamstra, @lauraehamstra) turned into Echo to relay the tale of Baldur's Gate to Lexi, and Quinny (Tyler Hewitt, @Tyler_Hewitt) made that Krendan's Hall of Heroes would be useful for his spy empire! But what threat will these heroes face next?! Also featuring our awesome DM Tom McGee (@mcgeetd). Enjoying Dumb-Dumbs & Dragons?- Consider becoming a Patron of Dumb-Dumbs & Dice for as little as $1 a month and gain access to a ton of extra BTS fun (https://www.patreon.com/dumbdumbdice)- Buy merch on our website (https://dumbdumbdice.com/)- Watch us on YouTube (https://youtube.com/@dumbdumbdice)- Follow us on Instagram (https://instagram.com/dumbdumbdice)- Follow us on Facebook (https://facebook.com/dumbdumbdice) Artwork by the brilliant Del Borovic- Website & Portfolio (https://delborovic.com/)- X/Twitter (https://twitter.com/deltastic)
If you owe the IRS at least $10,000 in back taxes, you qualify for a FREE consultation with us at Choice Tax Relief. Request your free consultation by calling us at 866-8000-TAX or by filling out the form at https://choicetaxrelief.com/Have you received IRS Notice LT17? While this notice doesn't make any direct levy threats, receiving it means that you are definitely on the IRS's radar and that it is likely preparing to send more severe notices in the near future if you do not deal with your tax issue. Find out everything you need to know about this notice now!#IRS #TaxDebt #taxrelief
Mike Switzer interviews Jessica Holdman, a reporter with the South Carolina Daily Gazette in Columbia, SC.
In this one-minute moment, as the tax season deadline approaches, Dr. Friday addresses common reasons people need to file past-due tax returns, like FAFSA requirements or marriage. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. I’m Dr. Friday with Dr. Friday Tax and Financial Firm. We are almost at the end of the 2024 tax season. And if you haven’t filed your taxes, or maybe you haven’t filed for a number of years, and you’re sitting there going, “I have a child that’s getting ready to go to college and they need FAFSA,” or “I’m just wanting to get married, and I don’t want to bring my tax issues into my relationship.” These are things we can help you with. We can fix you. We can fix the situation that will fix that situation. So if you need help, give us a call 615-367-0819. Or just check us out on the web at drfriday.com or email me at friday@drfriday.com. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.
If you have a disability, do you have to file back taxes? Here is what the IRS says...Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube: / @loganallec -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec
If President Donald Trump's plan follow through, will A LOT of back taxes be forgiven? Here are my professional thoughts...Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/If you want to see more…-YouTube: / @loganallec -Instagram: @ChoiceTaxRelief @LoganAllec -TikTok: @loganallec-Facebook: Choice Tax Relief // Logan Allec, CPA -Reddit: u/Logan_Allec
With up to $100k in your retirement, should you be worrying about if the IRS is going to levy your account? Well, let's see...Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/Mentioned Video Link:-Offer in Compromise Guidelines + Formula: EXACTLY How Much to Offer to the IRS!: • Offer in Compromise Guidelines + Form...
This is a recap of the top 10 posts on Hacker News on September 10th, 2024.This podcast was generated by wondercraft.ai(00:32): Apple must pay 13B euros in back taxes, EU's top court rulesOriginal post: https://news.ycombinator.com/item?id=41498358&utm_source=wondercraft_ai(01:46): A good day to trie-hard: saving compute 1% at a timeOriginal post: https://news.ycombinator.com/item?id=41501496&utm_source=wondercraft_ai(03:06): Another police raid in GermanyOriginal post: https://news.ycombinator.com/item?id=41505009&utm_source=wondercraft_ai(04:10): What you can get out of a high-quality fontOriginal post: https://news.ycombinator.com/item?id=41502721&utm_source=wondercraft_ai(05:33): New York Times tech workers union votes to authorize a strikeOriginal post: https://news.ycombinator.com/item?id=41504026&utm_source=wondercraft_ai(06:40): Chai-1: Decoding the molecular interactions of lifeOriginal post: https://news.ycombinator.com/item?id=41506157&utm_source=wondercraft_ai(07:55): Debugging in the MultiverseOriginal post: https://news.ycombinator.com/item?id=41500405&utm_source=wondercraft_ai(09:10): Google loses EU court battle over €2.4B antitrust fineOriginal post: https://news.ycombinator.com/item?id=41502822&utm_source=wondercraft_ai(10:17): Satellites Spotting AircraftOriginal post: https://news.ycombinator.com/item?id=41497377&utm_source=wondercraft_ai(11:28): Flipper Zero Gets Major Firmware Update, Can Eavesdrop on Walkie-TalkiesOriginal post: https://news.ycombinator.com/item?id=41505670&utm_source=wondercraft_aiThis is a third-party project, independent from HN and YC. Text and audio generated using AI, by wondercraft.ai. Create your own studio quality podcast with text as the only input in seconds at app.wondercraft.ai. Issues or feedback? We'd love to hear from you: team@wondercraft.ai
AP correspondent Charles de Ledesma reports Apple and Google both face defeats in European Union legal cases.
From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger.
In a major win for EU regulators, the European Court of Justice has ruled that Apple must pay €13 billion in back taxes to Ireland, dismissing a final appeal by the company against the European Commission's 2016 order. Separately, the court upheld a €2.4 billion fine imposed on Google over its online shopping comparison service. Plus, taking space tourism to a whole new level: SpaceX launches Polaris Dawn, an all-civilian mission aiming for the first privately-funded spacewalk.
Book a sales call here: https://kirstenroldan.com/million-dollar-ceo
Can you believe that the people contacting you about owing back taxes may also owe the very organization they work for back taxes as well? Listen to today's episode to learn more! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/
The state tax gap—the difference between the true tax liabilities owed to a state and the amount voluntarily submitted to revenue agencies—is possibly the most stubborn and perplexing problem facing tax administrators. For decades, revenue commissioners have tried to close the gap through audits and enforcement sweeps, but the process is slow, costly, and uncertain. Janette Lohman, a former director of the Missouri Department of Revenue, believes there is a way to collect more delinquent taxes faster, cheaper, and with less hostility: a strategy she describes as “prospective voluntary disclosure.” The states generally allow delinquent businesses to voluntarily come forward and pay their back taxes plus interest for a specified look-back period, but Lohman has proposed a process that allows delinquent taxpayers to submit their taxes on a going-forward basis without paying any back taxes or penalties. On this episode of Talking Tax, Bloomberg Tax senior reporter Michael J. Bologna caught up with Lohman to discuss her efforts in Missouri to boost compliance using prospective voluntary disclosure. Lohman, a tax partner in the St. Louis office of Thompson Coburn LLP, recently presented her strategy during the annual meeting of the Federation of Tax Administrators. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
Today in 1933 the birthday of Willie Nelson, a country music legend who once put out an album so that he could send royalties to the IRS to pay some overdue taxes. Plus: today in 1970, the birthday of Andre Agassi, who once figured out how to read a rival's serve in an unusual way. Poor Willie (Texas Monthly) WATCH: The amazing story of how Andre Agassi read Boris Becker's serve by watching his tongue (Tennis365) Back our show today on Patreon so we can make new episodes (our taxes are already covered) --- Send in a voice message: https://podcasters.spotify.com/pod/show/coolweirdawesome/message Support this podcast: https://podcasters.spotify.com/pod/show/coolweirdawesome/support
Welcome home y'all! On this MiniPod, hosts Angela Rye, Andrew Gillum and Tiffany Cross discuss actor Terrence Howard's refusal to pay nearly one million dollars in back taxes. In his defense, Terrence says it's “immoral” to tax the descendants of slaves. Do you think Black folks should have to pay taxes given what the US government owes us in reparations? —------- As always, we want to hear from you! Send us a video @nativelandpod and we may feature you on the podcast. Instagram X/Twitter Facebook Watch full episodes of Native Land Pod here on Youtube. Thank you to the Native Land Pod team: Angela Rye as host, executive producer and cofounder of Reasoned Choice Media; Tiffany Cross as host and producer, Andrew Gillum as host and producer, and Gabrielle Collins as executive producer; Loren Mychael and Jabari Davis are our research producers, and Nikolas Harter is our editor and producer. A special thanks as well to Chris Morrow and Lenard McKelvey, co-founders of Reasoned Choice Media. See omnystudio.com/listener for privacy information.
NFL Free Agency Has Begun. Wild Dead Moose Story Out of the Iditarod Race. What Does Ye's New Album Mean for Influencer's Future. Finesse Of The Week: IRS targets Millionaires on Back Taxes. (c)Spellbound Productions LLC 2024
Guest hosts join Al Reynolds and Claudia Jordan in dishing the latest celebrity gossip. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why more people owe the IRS back taxes. The Supreme Court has fed a new appetite for executions. ‘Do They Have a Case' with Wayne Resnick.
More Trouble For Biden Crime Family: Ashley's Back Taxes, Hunter's Millions From the CCP & James Spied on by FBI
On Windows Weekly, Richard Campbell, Leo Laporte, and Paul Thurrott joke around about Microsoft's financial shenanigans involving Puerto Rico and an IRS audit covering 2004-2013. Did Microsoft pull a Jibarito, Tripleta, or a Mofongo? Full episode at http://twit.tv/ww851 Hosts: Leo Laporte, Richard Campbell, and Paul Thurrott You can find more about TWiT and subscribe to our podcasts at https://podcasts.twit.tv/ Sponsor: GO.ACILEARNING.COM/TWIT
There's a lot to digest in this episode! Blake and David discuss Microsoft's $28.9 billion tax bill, and examine a tax-fraud scheme involving art donations. JPMorgan Chase CEO Jamie Dimon predicts that AI advancements will create a shorter workweek in the future. They also look at Xero's newest features, including improved algorithms for recognizing new contacts and bank reconciliation statements, and talk about Grant Thornton's implementation of Git Assist, an AI tool for accessing internal knowledge resources. All this and so much more, right here, right now! SponsorsZoho - http://accountingpodcast.promo/zohoKeeper - https://cloudaccountingpodcast.promo/keeperSouth Carolina Association of CPAs (SCACPA) - http://accountingpodcast.promo/scacpaChapters (00:35) - The war in Israel and its effect on tech startups (04:36) - Heather Smith sends in an example of an AI language changer she used (06:49) - Arthur Andersen's Chicago house for sale (09:17) - Updates from the FTX, Sam Bankman-Fried trial (15:44) - IRS contractor who leaked tax returns of famous agrees to plea deal (19:03) - Trump trial updates (22:49) - George Santos facing 23 new charges (24:50) - Update on the Canada CPA standoff (26:42) - Nationwide accounting shortage is threatening small towns (27:59) - Number of accounting graduates drop largest percentage in single year since 1985 (31:03) - Workday and the problem with schools rolling out ERP's (38:02) - What pricing lessons accounting firms can learn from ski resorts (42:56) - CFO Brew's survey on remote work (47:27) - IRS says Microsoft owes $28.9 billion in back taxes (51:40) - IRS tax-gap predictions, and scams to watch for in 2022 (54:59) - Jamie Dimon predicts AI will reduce workweeks to 3.5 days (55:56) - Xero announces new AI features (56:49) - Grant Thornton rolls out GT Assist (59:13) - Earn free CPE for listening to this episode and remember to subscribe Show NotesPool of accounting graduates shrinks, AICPA report findshttps://www.journalofaccountancy.com/news/2023/oct/pool-of-accounting-graduates-shrinks-aicpa-report-finds.html Report: Iowa can pay the bills but lacks transparency in its accountinghttps://blackchronicle.com/midwest/iowa/report-iowa-can-pay-the-bills-but-lacks-transparency-in-its-accounting/ New accounting system causes bill backlog at U of Washingtonhttps://www.insidehighered.com/news/quick-takes/2023/10/12/new-accounting-system-causes-bill-backlog-u-washington Grant Thornton launches internal generative AI tool https://www.accountancydaily.co/grant-thornton-launches-internal-generative-ai-tool Art of Accounting: Leaving your job to start your own practicehttps://www.accountingtoday.com/opinion/art-of-accounting-leaving-your-job-to-start-your-own-practice Arthur Andersen's Winnetka home for salehttps://www.chicagobusiness.com/residential-real-estate/arthur-andersens-winnetka-home-sale The SBF Trial is Embarrassing For Crypto Industry https://www.smallbiztechnology.com/archive/2023/10/the-sbf-trial-is-embarrassing-for-crypto-industry.html/ Returning to the office is costing you $51 per day, study finds https://finance.yahoo.com/news/returning-office-costing-51-per-172630839.html Microsoft May Owe $28.9 Billion in Back Taxes to the IRShttps://gizmodo.com/microsoft-may-owe-28-9-billion-in-back-taxes-to-the-ir-1850921247 IRS Says Tax Gap For 2021 Expected To Be $688 Billion https://www.forbes.com/sites/kellyphillipserb/2023/10/12/irs-says-tax-gap-for-2021-expected-to-be-688-billion/ How Israel's tech community is responding to the Israel-Hamas war https://www.cnbc.com/2023/10/13/israels-tech-community-responds-to-israel-hamas-war.html Iowa's annual financial report late again; agencies mum on whyhttps://www.bleedingheartland.com/2022/02/02/iowas-annual-financial-report-late-again-agencies-mum-on-why/ Iowa auditor slams governor, state for delays threatening universitieshttps://www.thegazette.com/higher-education/iowa-auditor-slams-governor-state-for-delays-threatening-universities/ UW's Financial Accounting System https://www.washington.edu/opb/uws-financial-accounting-system/ WSU recognized externally for Workday expertise https://news.wsu.edu/news/2023/07/27/wsu-recognized-externally-for-workday-expertise/ Ohio State drops effort to update student information systemhttps://www.insidehighered.com/news/2022/01/11/ohio-state-drops-effort-update-student-information-system LMU announces Workday Forward; staff reflect on the “abysmal fiasco” of original Workday launchhttps://www.laloyolan.com/news/lmu-announces-workday-forward-staff-reflect-on-the-abysmal-fiasco-of-original-workday-launch/article_13a1bb8f-fae6-5958-abe4-c090a3c80be1.html UT's switch to Workday came with more than a few hiccups, but they were to be expectedhttps://thedailytexan.com/2019/05/08/uts-switch-to-workday-came-with-more-than-a-few-hiccups-but-they-were-to-be-expected/ Open Letter on Workday Issues https://www.agsem.ca/post/open-letter-on-workday-issues Workday Implementation Considerations in Higher Educationhttps://www2.deloitte.com/us/en/pages/public-sector/articles/higher-ed-software-workday-implementation.html Workday Sees Continued Momentum in Higher Education, With More than 70% of Workday Higher Education Customers Live https://www.prnewswire.com/news-releases/workday-sees-continued-momentum-in-higher-education-with-more-than-70-of-workday-higher-education-customers-live-301931288.html The Ohio State University Walks Away from Workday Student https://www.thetambellinigroup.com/the-ohio-state-university-walks-away-from-workday-student/ Erie Community College to Spend $5.2M Replacing Disastrous ERP Systemhttps://www.govtech.com/education/higher-ed/erie-community-college-to-spend-5-2m-replacing-disastrous-erp-system ISU switch to Workday accounting delayed state financial report https://www.bleedingheartland.com/2021/02/02/isu-switch-to-workday-accounting-delayed-state-financial-report/ Iowa ends contract with Workday, company chosen without traditional competitive biddinghttps://www.thegazette.com/state-government/iowa-ends-contract-with-workday-company-chosen-without-traditional-competitive-bidding/ Exclusive: Iowa's late reporting jeopardized universities' federal fundshttps://www.bleedingheartland.com/2023/06/27/exclusive-iowas-late-reporting-jeopardized-universities-federal-funds/ If Amazon can't make Workday work, who can? https://www.protocol.com/newsletters/protocol-enterprise/workday-amazon-fail CPA Standoff: Accountants question the motives behind national ... https://www.canadian-accountant.com/content/profession/cpa-standoff-member-consultation Arthur Andersen's House on Zillow https://www.zillow.com/homedetails/44-Locust-Rd-Winnetka-IL-60093/70453195_zpid/ Tax return thief who took Trump, Griffin data pleads guilty | Accounting Todayhttps://www.accountingtoday.com/articles/tax-return-thief-who-took-trump-griffin-data-pleads-guilty An update on our IRS tax audit - Microsoft On the Issues https://blogs.microsoft.com/on-the-issues/2023/10/11/update-irs-audit/ IRS sees tax gap widen to $688B | Accounting Today https://www.accountingtoday.com/news/irs-sees-tax-gap-widen-to-688b Melio Life on Instagram https://www.instagram.com/p/CyQHzZiNDFi/ Caroline Ellison Tells Jury She Dreaded Inevitable Collapse of FTX – WSJhttps://www.wsj.com/finance/currencies/caroline-ellison-tells-jury-she-dreaded-inevitable-collapse-of-ftx-62f46947 Arthur Andersen's House Is For Sale - Going Concern https://www.goingconcern.com/arthur-andersens-house-is-for-sale/ U.S. employees spend $51 daily when they work full-time in office, study sayshttps://www.newsnationnow.com/business/your-money/us-employees-spend-51-daily-when-they-work-full-time-in-office-study-says/amp/ The $300-a-Day Lift Ticket That Every Skier Hates - WSJ https://www.wsj.com/lifestyle/travel/ski-resorts-lift-passes-epic-ikon-dbff41f7 Banker says Trump's financial statements were key to loan approvals, but there were 'sanity checks' | AP News https://apnews.com/article/donald-trump-letitia-james-fraud-new-york-364d1052f98816121000c26dc66f3878 Bankman-Fried dismissed audit risks at FTX, ex-girlfriend testifies | Accounting Todayhttps://www.accountingtoday.com/articles/bankman-fried-dismissed-audit-risks-at-ftx-ex-girlfriend-testifies Israeli Startup Community, at Home and Abroad, Prepares to Fight – WSJhttps://www.wsj.com/articles/israeli-startup-community-at-home-and-abroad-prepares-to-fight-60cea308 Santos Faces New Charges Accusing Him of Lies and Credit Card Fraud - The New York Timeshttps://www.nytimes.com/2023/10/10/nyregion/george-santos-charges.html?smid=nytcore-ios-share&referringSource=articleShare Sam Bankman-Fried's FTX trial witnesses: Who knew what, when | Accounting Todayhttps://www.accountingtoday.com/articles/sam-bankman-frieds-ftx-trial-witnesses-who-knew-what-when Fake mansions and rent-stabilized units emerge in Trump trial | Accounting Todayhttps://www.accountingtoday.com/articles/fake-mansions-and-rent-stabilized-units-emerge-in-trump-trial Sam Bankman-Fried Lieutenant Recounts FTX Crash for Jurors – WSJhttps://www.wsj.com/finance/currencies/sam-bankman-fried-lieutenant-recounts-ftx-crash-for-jurors-3e91a325 Here's How FTX Executives Secretly Spent $8 Billion in Customer Money – WSJhttps://www.wsj.com/finance/regulation/sbf-trial-ftx-customer-money-missing-6ba13914 Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Jobhttps://www.cpapracticeadvisor.com/2023/10/06/trump-organization-controller-admits-to-tax-fraud-over-fear-of-losing-job/95541/ Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? 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Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
Leo, Paul, and Richard discuss Qualcomm's upcoming Snapdragon X — could we see a huge improvement to Windows on Arm? Then, the dynamic trio break down Patch Tuesday and Windows 11 Insider. Paul discusses Google's Passkey support and reminds listeners Microsoft has been doing passwordless logins for years. The team discusses GitHub Copilot losses, HP AI features, Adobe's Firefly updates, and Dropbox AI. Then, Paul briefly covers C# Dev Kit for Visual Studio Code. During Paul's Xbox Corner, a breaking news story hits; Leo shares news that Microsoft is contesting an IRS claim that the company owes $28.9 billion in back taxes. Leo, Paul, and Richard round things out with the tips and picks of the week. Windows 11 Qualcomm Announces Snapdragon X Series for the PC Microsoft Releases October 2023 Patch Tuesday Updates October 10, 2023—KB5031354 (OS Build 22621.2428) - Microsoft Support Windows 11 Insider Preview Beta Channel Moves to a Single Build Windows 11 Canary Build 25967 Brings New Scrollable View of Quick Settings Microsoft 365 UK is Investigating Microsoft and Amazon's Cloud Practices Google Makes Passkeys the Default Login Option for Personal Accounts Microsoft Will No Longer Make Changes to OneDrive Photo Storage Microsoft Redesigns the Microsoft Store Web App AI Report: GitHub Copilot Loses an Average of $20 Per User Per Month HP: AI Will Transform the PC Into a Personal Companion Can AI Save the PC Industry? (Premium) Adobe Announces Major Advances for Firefly Generative AI Dropbox Launches Redesigned Web App and Expands Access to New AI Features Dev C# Dev Kit is Now Available Xbox Activision Blizzard Says No Call of Duty or Diablo IV on Game Pass This Year Microsoft Reportedly Aims to Close its Activision Blizzard Acquisition on October 13 Diablo IV is Coming to Steam on October 17 Forza Motorsport is Now Available on Xbox, PC, and Game Pass Sony Announces Smaller PS5 With and Attachable Disc Drive PS5 Cloud Streaming is Launching Later This Month Tips & Picks Tip of the week: Deal with OneDrive's forced folder backup push App pick of the week: Microsoft Teams (New) RunAs Radio this week: Security Chaos Engineering with Kelly Shortridge Brown liquor pick of the week: Pappy Van Winkle Hosts: Leo Laporte, Paul Thurrott, and Richard Campbell Download or subscribe to this show at https://twit.tv/shows/windows-weekly Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Check out Paul's blog at thurrott.com The Windows Weekly theme music is courtesy of Carl Franklin. Sponsors: Melissa.com/twit cachefly.com/twit
Microsoft is deprecating VBScript, X's CEO responds to the EU's 24-hour ultimatum on disinformation, and Microsoft owes the IRS nearly $30 billion in back taxes… MP3 Please SUBSCRIBE HERE. You can get an ad-free feed of Daily Tech Headlines for $3 a month here. A special thanks to all our supporters–without you, none of thisContinue reading "Microsoft Owes The IRS Nearly $30 Billion In Back Taxes – DTH"
Leo, Paul, and Richard discuss Qualcomm's upcoming Snapdragon X — could we see a huge improvement to Windows on Arm? Then, the dynamic trio break down Patch Tuesday and Windows 11 Insider. Paul discusses Google's Passkey support and reminds listeners Microsoft has been doing passwordless logins for years. The team discusses GitHub Copilot losses, HP AI features, Adobe's Firefly updates, and Dropbox AI. Then, Paul briefly covers C# Dev Kit for Visual Studio Code. During Paul's Xbox Corner, a breaking news story hits; Leo shares news that Microsoft is contesting an IRS claim that the company owes $28.9 billion in back taxes. Leo, Paul, and Richard round things out with the tips and picks of the week. Windows 11 Qualcomm Announces Snapdragon X Series for the PC Microsoft Releases October 2023 Patch Tuesday Updates October 10, 2023—KB5031354 (OS Build 22621.2428) - Microsoft Support Windows 11 Insider Preview Beta Channel Moves to a Single Build Windows 11 Canary Build 25967 Brings New Scrollable View of Quick Settings Microsoft 365 UK is Investigating Microsoft and Amazon's Cloud Practices Google Makes Passkeys the Default Login Option for Personal Accounts Microsoft Will No Longer Make Changes to OneDrive Photo Storage Microsoft Redesigns the Microsoft Store Web App AI Report: GitHub Copilot Loses an Average of $20 Per User Per Month HP: AI Will Transform the PC Into a Personal Companion Can AI Save the PC Industry? (Premium) Adobe Announces Major Advances for Firefly Generative AI Dropbox Launches Redesigned Web App and Expands Access to New AI Features Dev C# Dev Kit is Now Available Xbox Activision Blizzard Says No Call of Duty or Diablo IV on Game Pass This Year Microsoft Reportedly Aims to Close its Activision Blizzard Acquisition on October 13 Diablo IV is Coming to Steam on October 17 Forza Motorsport is Now Available on Xbox, PC, and Game Pass Sony Announces Smaller PS5 With and Attachable Disc Drive PS5 Cloud Streaming is Launching Later This Month Tips & Picks Tip of the week: Deal with OneDrive's forced folder backup push App pick of the week: Microsoft Teams (New) RunAs Radio this week: Security Chaos Engineering with Kelly Shortridge Brown liquor pick of the week: Pappy Van Winkle Hosts: Leo Laporte, Paul Thurrott, and Richard Campbell Download or subscribe to this show at https://twit.tv/shows/windows-weekly Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Check out Paul's blog at thurrott.com The Windows Weekly theme music is courtesy of Carl Franklin. Sponsors: Melissa.com/twit cachefly.com/twit
And Massachusetts is one of the states where they keep they can keep the surplus - if there is any. www.patreon.com/stevelehto
While driving for dollars, you stumble across a property with back taxes on it. What do you do? Contact the owner about your interest? Check with the courthouse first? Of course, you don't want to make a real estate faux pas and miss out on a great deal! Fortunately, Ashley and Tony are here to help you navigate the situation. Welcome back to another Rookie Reply! Today, we're addressing properties with tax liens and how to potentially get them below market value. We also talk about buying property as a real estate agent and putting your commission towards a down payment. If home renovations are on your radar, you'll want to tune in to our discussion on estimating rehab costs and pulling permits. Lastly, you'll learn about tax strategies for flippers, and why hiring a tax planner is a must, even if you've yet to buy your first property! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover Buying a property with back taxes on it and where to find tax lien properties How to get paid TWICE by wholesaling a property to yourself Estimating material and labor costs before you commit to a renovation The best tax strategies for flippers (and why you need a tax planner!) Whether you can work closing costs into an FHA loan and low/no down payment loan options Why pulling permits is a MUST if you plan on doing a rehab, renovation, or house flip And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Real Estate Rookie Facebook Group Join BiggerPockets for FREE A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1) Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard BiggerPockets Forums How to Legally Avoid Taxes by Investing in Real Estate From Restaurant Waiter to 100+ Deals in Only 4 Years w/ Derrick Acuff Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow Propstream Zillow Book Mentioned in This Episode: The Book on Estimating Rehab Costs by J Scott Connect with Ashley and Tony: Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-272 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices