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In a new Bloomberg interview, Gary Gensler emphasized that most digital tokens, lack fundamental value drivers such as cash flows, dividends, or intrinsic economic utility.~This Episode is sponsored by SALT~Borrow on SALT Now! ➜https://bit.ly/pbnsaltGuest: Shane Crockett, CBP - Head of Private Client Services00:00 Intro01:00 Gary Gensler returns03:15 Vanguard enters the space05:00 Gary Gensler: “Buy gold & Silver”07:00 How will interest rate affect Bitcoin lending?09:20 TVL vs volatility11:00 Could we see Tax Relief?12:30 Will new investors understand the SALT model?14:00 Long term vs Short term loans15:15 Will rate cuts create opportunites to open a loan?16:50 1/3/5 year loan duration options17:50 2026 Fed rate predictions18:00 Regulation 202619:30 Outro#Crypto #Bitcoin #Ethereum~Gensler Returns!
Did you hear that as long as you have the last 6 years of taxes filed, you are considered to be in tax compliance? Are you wondering if that applies to your corporation too? Find out now! 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 you looking at getting into CNC status as a way to deal with your tax debt? Is this process difficult? Here is everything you need to know about getting into CNC status! 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
Trying to avoid the IRS by collecting social security? Think again! 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
How are long term capital gains taxed in the eyes of the IRS? Are they double taxed or not even counted as taxable income? Keep watching to find out more! 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
Getting caught by the IRS is AWFUL and this roofing contractor learned the hard way why tax evasion is not something to mess around with... 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
Are you in CNC status and STILL worried about what the IRS can do to you? Can they throw you in federal prison? 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 Mentioned Video Link:-Can You Go to Jail For Not Paying Taxes?: • Can You Go to Jail For Not Paying Taxes?
The IRS is going to put you on a payment plan with the IRS, it's inevitable with tax debt. But, there may be a way out for you. Listen up!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
Never before heard audio from INSIDE a Wyoming County Commissioners meeting! It very clearly tells you which legislators are working for you and which ones are working for lobbying organizations. The Revenue Committee met last week and discussed a bill that would eliminate property taxes and replace them with an increased sales tax. Of course, the usual suspects, the WCCA objected to it because it would decrease the amount of your money they could spend. During the discussion Sen Case moved to table the bill. Why? Because in his own words, he's in favor of new taxes. In the past he has said that he's even in favor of an income tax. But the EXCLUSIVE audio I have paints a very different picture as to why he wanted to table the bill. I'd say it's unbelievable, but coming from him it's totally something he would say.
Taxation without representation can be a slippery slope for many reasons. Here are just a few to consider... 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 Mentioned Video Link:-80,000,000 Americans Don't Pay Income Tax?: • 80,000,000 Americans Don't Pay Income Tax?
Offer in compromises are very tricky to navigate. Do you report your non-taxable income on them? 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 Mentioned Video Link:-Here's Why You Likely WON'T QUALIFY For an Offer in Compromise
Have you heard of flat tax? Is it going to become a real thing? NO! Here's why...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
Have you heard of Nationwide Tax Relief? Is it legit? Let's see...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 Mentioned Video Link:-Is Optima Tax Relief a Scam? Optima Tax Relief Review by a CPA: • Is Optima Tax Relief a Scam? Optima Tax Re...
Sherry Peel Jackson - Who is she? Let's find out...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 Mentioned Video Link:-Can You Go to Jail For Not Filing Taxes?: • Can You Go to Jail For Not Filing Taxes?
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
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Find a tax relief company you can trust. Many of them purchase fake reviews. How do we know this? let's take a look...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
Today's blockchain and cryptocurrency news Japan moves to reclassify crypto & adopt tax relief Bernstein says bitcoin's slide reflects short-term correction Bitcoin hits six-month low near $95k ###Gemini Card Disclosure: The Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro onus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases. ### For 40% off your order, head to Udacity.com/DCR and use code DCR. Learn more about your ad choices. Visit megaphone.fm/adchoices
Confused by how 1099s work? You're not the only one! Let me, a certified CPA aka a Tax Professional, help you out!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
Looking to alter your state tax withholding? Is it a good or bad idea? Well...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 Mentioned Video Link:-One Big Beautiful Bill Act: New $40,000 SALT Cap EXPLAINED by a CPA: • One Big Beautiful Bill Act: New $40,000 SA...
Owing the IRS money is scary in of itself. How much tax debt though should be raising some eyebrows? $87,000 perhaps? Find out my thoughts 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 Mentioned Video Link:-He Owed the IRS $87,000 and Went to FEDERAL PRISON For Tax Evasion!: • He Owed the IRS $87,000 and Went to FEDERA...
The IRS will NOT answer your questions! But who can? Maybe the person who posted this episode...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
Looking to DIY your unfiled tax returns? Let's listen to this tale of how that went for this gent! 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
If your tax debt is closing in on its CSED, will the IRS start coming after you even more? It may be time to watch your back!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
In this episode, I call the Tax Credit Recovery Center to see if it's a scam or not (in my opinion).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
Gov. Greg Abbott officially launched his reelection campaign Sunday with a promise to provide Texans significant property tax relief, including the ability for voters to abolish property taxes that fund public schools. In other news, a group of moderate Democrats has a tentative deal to reopen the government if Republicans promise to hold a vote on expiring health care subsidies by December, a potential breakthrough as lawmakers seek to end the shutdown; and Many questions remain about what triggered the crisis that sent Marshawn Kneeland, armed with a gun, fleeing from police after he crashed into another vehicle on the Dallas North Tollway. His family members are trying to piece together what happened, too. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Is it required by law to file your taxes? There is a large discourse about this, but here are the facts... 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 Mentioned Video Link:-Can You Go to Jail For Not Filing Taxes?: • Can You Go to Jail For Not Filing Taxes?
The IRS is a cutthroat organization. HOWEVER, they give you plenty of notice when you have not filed your taxes and owe them money. Listen to today's episode to see what can happen! 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 Mentioned Video Links:-Can You Go to Jail For Not Filing Taxes?: • Can You Go to Jail For Not Filing Taxes? -IRS Notice CP59: Do NOT Ignore This Notice!: • IRS Notice CP59: Do NOT Ignore This Notice!
What ACTUALLY requires Americans to pay taxes? The War Bill? Find out now! 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 Mentioned Video Link:-Can You Go to Jail For Not Filing Taxes?: • Can You Go to Jail For Not Filing Taxes?
Tax Relief with Timalyn Bowens Additional Medicare Tax Episode 71: In this episode, Timalyn addresses the additional Medicare tax that taxpayers are faced with when they reach they reach a certain income threshold. Before getting into the episode, Timalyn warns taxpayers not to go exempt on their W-4 because the government is shut down. She reminds taxpayers that they will still be responsible for the tax due when they file their taxes in the Spring. What is the additional Medicare Tax? The additional Medicare tax was created to help fund the tax provisions in the Affordable Care Act. This includes the premium tax credit. The tax amount is 0.9% of self-employment income, and railroad retirement (RRTA) compensation that exceeds certain income thresholds that are set based on filing status. The threshold for single and head of household taxpayers is $200,000. It is $125,000 for married taxpayers who file separately, and $250,000 for taxpayers who are married filing jointly. How is the additional Medicare Tax computed? Form 8959, Additional Medicare Tax is used to calculate the tax amount. The tax then flows to Schedule 2 of the 1040. The amount over the income threshold is what the taxpayer pays 0.9% on. If the taxpayer is self-employed and has a loss, they will not pay the additional Medicare tax on that amount. For self-employed taxpayers, it is their responsibility to make payments of the additional Medicare tax with their estimated tax payments. If they have wage income, they can adjust their withholding to account for that. You can check out America's Favorite EA YouTube page for a series on how to fill out your W-4 here: Tax Withholding Employers are responsible for withholding the additional Medicare tax from wages or railroad retirement compensation if they pay the employee more than $200,000 in a calendar year. It does not matter what the filing status of the employee is. The employer does not have an obligation to match the amount that is withheld for the additional Medicare tax. Expats pay additional Medicare tax too U.S. citizens who live abroad have to pay the additional Medicare tax if their income exceeds the threshold. They are not exempt, even if they are eligible for the foreign income exclusion. This also applies to nonresident aliens. Need Tax Help Now? If you need answers to your tax debt questions, book a consultation with Timalyn via her Bowens Tax Solutions website. Click this link to book a call. Please consider sharing this episode with your friends and family. There are many people dealing with tax issues, and you may not know about it. This information might be helpful to someone who really needs it. As we conclude Episode 71, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, YouTube, and many other podcast platforms. Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap, one taxpayer at a time. Thanks for listening to today's episode. For more information about tax relief options or filing your taxes, visit https://www.Bowenstaxsolutions.com/ . If you have any feedback or suggestions for an upcoming episode topic, please submit them here: https://www.americasfavoriteea.com/contact. Disclaimer: This podcast is for informational and educational purposes only. It provides a framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.
Getting the IRS on the phone has been IMPOSSIBLE! BUT, have you tried sending in Form 433 F? It may be your best option...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
Looking to get a tax refund from the IRS for tax year 2017? Here's what you need to know!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
Getting calls from the IRS Resolution Support Desk? Are they real or not? 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 Mentioned Video Links:-The 5 WORST Tax Relief Companies: Avoid Firms Like These At All Costs!: • The 5 WORST Tax Relief Companies: Avoid Fi... -What Is the IRS FRESH START PROGRAM? It's Not What You Think It Is!: • What Is the IRS FRESH START PROGRAM? It's... -Currently Not Collectible Status Explained | How to Get In CNC Status: • Currently Not Collectible Status Explained... -Why Am I Getting Tax Debt Relief Calls?: • Why Am I Getting Tax Debt Relief Calls?
Starting a business seems funs until you get into the nitty gritty of the tax side. Here is what you should know before deciding to become an S Corp.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
Does the amount you make limit your tax relief options? Thankfully, no! Here is what you do need to know though... 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 Mentioned Video Link:-Celebrity Back Taxes: CHARLIE SHEEN Gets $4,000,000 of IRS Debt FORGIVEN: • Celebrity Back Taxes: CHARLIE SHEEN Gets $...
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The IRS has been IMPOSSIBLE to reach! Is there a light at the end of the tunnel? Here are my thoughts as a CPA!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
Has your parent sadly passed away? Did you also discover they passed away with tax debt? What do you do? Here's the plan...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
I need to rant...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
What does the IRS do to those with tax debt in quite possibly the worst conditions? They take their social security! Don't let this happen to you too...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 Mentioned Video Link:-What Is the IRS FRESH START PROGRAM? It's Not What You Think It Is!: • What Is the IRS FRESH START PROGRAM? It's...
Came to a realization about your capital loss a little too late? Should you file a capital loss carryforward or amend 10 years of tax returns? Here are my thoughts as a CPA!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
How much tax debt is TOO much to get into an installment agreement? This real estate agent is asking and they owe $150,000. Here is what is possible in a circumstance similar to this one!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
When you are getting your paycheck garnished, you have to make sure you do this. What exactly is "this"? 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 Mentioned Video Links:-IRS Wage Garnishment: Can They Only Take 25% of Your Paycheck?: • IRS Wage Garnishment: Can They Only Take 2... -IRS Notice CP523 Explained: What It Is and What to Do: • IRS Notice CP523 Explained: What It Is and...
You know about the IRS's 10-year collection of statute expiration date, but when exactly is that for your tax debt? Will the IRS tell you when your tax debt expires? Here are the answers you are looking for! 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
IRS tax debt relief can be resolved in many different ways. Is it ACTUALLY possible to only pay the IRS $50/month for $40,000 worth of 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 Mentioned Video Link:-Remember That Tax Relief Is Relative! [$4,000/Month Payment Plan]: • Remember That Tax Relief Is Relative! [$4,...
Florida legislators roll out bills aimed at lowering taxes on homesteaded properties. Plus, Homeland Security Secretary Kristi Noem addresses ICE arrests in Florida, as the state puts together plans for a third detention center in the Panhandle.
Coming into a financial windfall? How will this affect your relationship with the IRS? Here is what could and would happen...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 Mentioned Video Link:-How to Find Out Your IRS CSED From Your IRS Transcript: • How to Find Out Your IRS CSED From Your IR...
Tax Relief with Timalyn Bowens Should I File as Head of Household? Episode 70: In this episode, Timalyn addresses a tax filing fundamental that is often misconstrued and can lead to unnecessary tax debt and penalties. Head of household is a tax filing status for taxpayers who are unmarried but keep up the expenses of a home for a qualifying dependent. Who Qualifies for Head of Household? 3 requirements must be met for a person to claim head of household status. 1 - They were unmarried for the tax year. This is for taxpayers who have never been married, are legally separated from their spouse, or are divorced. Married taxpayers who did not live with their spouse for the last 6 months of the year are considered unmarried for this filing status. 2 - They paid more than half of the expenses for the home. This includes, but is not limited to, things such as rent, mortgage interest, property taxes, food, utilities, and insurance. 3 - They have a qualifying person who they pay more than half of the expenses for and who lives with them more than half of the year. This can be a qualifying child. This includes children who may not be the biological children of the taxpayer. It can be a foster child, adopted child, or grandchild. If the dependent is not a child, they may still be a qualifying relative. Check out the IRS interactive tool to help you determine which filing status you should use - What is My Filing Status? Can I claim my girlfriend/boyfriend as a dependent on my tax return? No, you can not claim your girlfriend or boyfriend as a dependent on your tax return. Even if they did not work and/or you provided more than half of their support for the tax year. Yes, you meet the test for being single. You also meet the support test. However, the test for them being a qualifying relative is not met. Head of Household vs Single Couples who cohabitate can not both claim head of household status. Even if a professional "allows it" it is not correct. They can not both meet the second requirement, providing more than haf of the support to upkeep the home. One must file as single while the other will file as head of household. Filing as head of household does offer more tax advantages than filing as single. The standard deduction is higher if you are filing as head of household. This means that more of your money is automatically deducted from your taxable income. Example: For the 2025 tax year, single taxpayers have a standard deduction of $15,750. This means their first $15,750 is not taxable. But for head-of-household taxpayers, the standard deduction is $23,625. So even if the two taxpayers make the same amount of money, the one filing as head of household is paying taxes on almost $8,000 less. That's not all. The tax brackets are also more favorable for taxpayers who file as head of household. For the 2025 tax year, head of household filers can have a taxable income up to $64,850, and they'll still be in the 12% tax bracket. For single taxpayers, if they have taxable income, they'll be in the 22% tax bracket. The highest their taxable income can be to stay in the 12% tax bracket is $48,475. Need Tax Help Now? If you need answers to your tax debt questions, book a consultation with Timalyn via her Bowens Tax Solutions website. Click this link to book a call. Please consider sharing this episode with your friends and family. There are many people dealing with tax issues, and you may not know about it. This information might be helpful to someone who really needs it. As we conclude Episode 68, we encourage you to connect with Timalyn on social media. You'll be able to subscribe to this podcast on Spotify, Apple Podcasts, YouTube, and many other podcast platforms. Remember, Timalyn Bowens is America's Favorite EA, and she's here to fill the tax literacy gap, one taxpayer at a time. Thanks for listening to today's episode. For more information about tax relief options or filing your taxes, visit https://www.Bowenstaxsolutions.com/ . If you have any feedback or suggestions for an upcoming episode topic, please submit them here: https://www.americasfavoriteea.com/contact. Disclaimer: This podcast is for informational and educational purposes only. It provides a framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.
Recently, the Florida House introduced eight proposals aimed at providing property tax relief, primarily targeting non-school taxes for homestead properties.
Send us a textOn this edition of the podcast, Rebecca Lambert and Amanda Campbell are joined by Kathleen Billings, Stonington's renowned town manager, a dedicated member of MMA's Legislative Policy Committee, and one of three municipal appointees serving on the Real Estate Property Tax Relief Tax Force. Kathleen brings a strong coastal community perspective to the discussion. From the rise in second-home ownership and the dwindling availability of year-round housing, to inflationary pressures driving up the cost of providing essential public services and the ongoing struggle to recruit and retain public safety personnel and other municipal employees, Kathleen is on the front lines of it all. Motivated to find thoughtful solutions, Kathleen would “rather try to do something and fail, than nothing at all.”