How the IRS Calculates Your Ability to Pay (Video)

How the IRS Calculates Your Ability to Pay (Video)

Episode Summary:

In this episode, tax attorney Brian discusses how the IRS assesses a taxpayer's ability to pay significant tax debts. He explains the concept of ability to pay, the financial information the IRS evaluates, and how it impacts resolution paths like installment agreements. Brian sheds light on the IRS's viewpoint on income, expenses, and assets, offering insights into navigating IRS collections effectively.

Key Timestamps:

00:00 – Introduction

0:48 – Understanding Taxpayer's Ability to Pay

2:46 – IRS's Review of Income and Expenses

4:10 – Discrepancies in Financial Views

5:36 – IRS's Valuation Impact in Resolving Cases

6:50 – Influence of Assets on IRS Approach

9:32 – Financial Evaluation and Resolution Paths

10:43 – Importance of Income in Financial Evaluation

11:38 – Common Misconceptions in IRS Financial Evaluations

13:12 – Role of Tax Attorney in IRS Communication

About the Show:

*IRS Debt and Audit Podcast* features tax attorney Brian Loughrin sharing valuable insights on resolving IRS issues, offering expert guidance on tax debt, audits, and IRS collections to individuals and business owners.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(33)

IRS Asset Seizure: What Property Is Most at Risk

IRS Asset Seizure: What Property Is Most at Risk

Episode Summary: In this episode of the IRS Debt and Audit Podcast, host LeAnn Lyon sits down with seasoned tax attorney Brian Loughrin to discuss the intricacies of IRS asset seizure. Brian, founder ...

16 Sep 15min

What People Get Wrong About Settling IRS Debt (Video)

What People Get Wrong About Settling IRS Debt (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor teams up with seasoned tax attorney Brian Loughrin to tackle common misconceptions about settling IRS debt. Bria...

9 Sep 16min

IRS Criminal Investigation Division: How Cases Escalate to Criminal (Video)

IRS Criminal Investigation Division: How Cases Escalate to Criminal (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor and seasoned tax attorney Brian Loughrin delve into the complexities of tax cases that escalate from civil matte...

2 Sep 16min

Currently Not Collectible Status: When the IRS Pauses Collection (Video)

Currently Not Collectible Status: When the IRS Pauses Collection (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor sits down with seasoned tax attorney Brian Loughrin to explore the intricacies of the IRS's currently not collec...

26 Aug 15min

IRS Bank Levy Release: How Accounts Get Frozen and Unfrozen (Video)

IRS Bank Levy Release: How Accounts Get Frozen and Unfrozen (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor joins seasoned tax attorney Brian Loughrin to delve into the complex world of IRS bank levies. Brian, with over ...

19 Aug 17min

IRS Substitute for Return (SFR): What Happens When the IRS Files for You (Video)

IRS Substitute for Return (SFR): What Happens When the IRS Files for You (Video)

Episode Summary:  In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor is joined by seasoned tax attorney Brian Loughrin to discuss the intricacies of Substitute for Returns (SFRs) fi...

12 Aug 16min

What Happens When You Owe Over $100,000 to the IRS (Video)

What Happens When You Owe Over $100,000 to the IRS (Video)

Episode Summary: In this episode of the IRS Debt and Audit Podcast, host Sean O'Connor sits down with seasoned tax attorney Brian Loughrin to discuss the complexities of handling large IRS tax debts, ...

5 Aug 17min

Using Multiple Bank Accounts: When It Raises IRS Questions (Video)

Using Multiple Bank Accounts: When It Raises IRS Questions (Video)

Episode Summary: In this episode of the IRS Debt and Audit Podcast, host LeAnn Lyon engages with seasoned tax attorney Brian Loughrin to explore the complexities of managing multiple bank accounts and...

29 Jul 13min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
rss-pa-konto
rss-skravla-gar
lydartikler-fra-aftenposten
finansredaksjonen
utbytte
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
tid-er-penger-en-podcast-med-peter-warren
rss-orjasater
stormkast-med-valebrokk-stordalen
lederpodden
pengesnakk
morgenkaffen-med-finansavisen
liberal-halvtime
rss-markedspuls-2