Episode Summary:
In this episode of "Clearing the Tax Fog," host Abigail Vaca and tax attorney Juda Gabaie discuss strategies for handling large tax liabilities and unfiled returns. Juda explains how individuals and businesses accumulate tax debt, the consequences of unfiled returns, and various resolution options available to taxpayers facing these challenges.
Key Timestamps:
00:06 - Introduction and episode overview
00:33 - How tax liabilities accumulate and snowball
01:38 - Risks and penalties for unfiled tax returns
02:39 - IRS and state enforcement approaches
03:55 - First steps to address unfiled returns and tax liabilities
04:42 - Discussion of resolution options and success stories
07:04 - Detailed case study of resolving $800,000 tax liability
10:43 - Closing remarks and firm capabilities
About the Show:
"Clearing the Tax Fog" is a podcast featuring expert tax attorney Juda Gabaie of Gabaie & Associates LLC. The show provides professional insights and strategies for managing tax controversies, unfiled returns, and large tax liabilities. Listeners can learn about practical solutions for their tax problems from experienced professionals.
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