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Ask The Experts Atlanta is broadcast live Wednesdays at 10AM ET and Music on W4CY Radio (www.w4cy.com) part of Talk 4 Radio (www.talk4radio.com) on the Talk 4 Media Network (www.talk4media.com). Ask The Experts Atlanta is viewed on Talk 4 TV (www.talk4tv.com).
Ask The Experts Atlanta Podcast is also available on Talk 4 Media (www.talk4media.com), Talk 4 Podcasting (www.talk4podcasting.com), iHeartRadio, Amazon Music, Pandora, Spotify, Audible, and over 100 other podcast outlets.
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Episode Transcript
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Speaker 1 (00:00):
The topics and opinions expressed in the following show are
solely those of the hosts and their guests and not
those of W FOURCY Radio. It's employees are affiliates. We
make no recommendations or endorsements for radio show programs, services,
or products mentioned on air or on our web. No
liability explicitor implies shall be extended to W four CY
Radio or it's employees are affiliates. Any questions or comments should
be directed to those show hosts. Thank you for choosing
(00:21):
W FOURCY Radio.
Speaker 2 (00:26):
Welcome to the Ask the Experts Show on W FOURCY
Radio and Talkboard TV, where we bring you educational information
from top local experts in the fields of legal, health,
financial and home improvement. Now sit back and listen to
experts in family law, association, law, hearing laws, business brokers,
(00:47):
home care, along with many other topics. Now here are
your hosts, Stevo and Sophia.
Speaker 3 (00:56):
Hey, good morning, Welcome to another As the Expert show
where we bring you the top experts in the field
of legal, health, financial and home improvement. We have got
a great show for you for the next fifty minutes.
This is one of the few of our sixty shows
we do a month. This is one of the few
(01:16):
shows that we wanted to do on a national basis.
We normally don't. We normally do about a twenty five
minute show in each category, but this category is so
important and we were so blessed to find one of
the greatest companies Taxation Solutions when it comes to tax relief,
(01:40):
because we know that it is such a burden when
you've got tax problems, and probably now more than ever
because you hear about all the agents they're hiring and
how they're really going after people. And what we're hoping
this show do is first of all, you don't try
to handle this yourself. And second ball, we have done
(02:03):
so much research and background check on tax tax relieve
companies and folks. There are a lot of bad ones
out there, people who pay their money and then never
hear back from the companies. Again, well, this company, Taxation Solutions,
have been with us for about ten years, nothing but
(02:27):
glowing reports. Now the owner of the company, the president
of the company, Very Fouler, is so humble, so I
hope I haven't embarrassed him. But welcome Barry Falor.
Speaker 4 (02:40):
Hey, Steve Oagan, are you today? Not much embarrasses me anymore.
You know, you get to an agent, you don't even
get concerned with it. But I appreciate the glowing settlement
and review out there of us. We get very proud
of our BBB rating a class that you know, we're
(03:02):
here to help our clients, the tax payers and fight
against the I R s, which is what we enjoy doing.
Speaker 3 (03:09):
Barry, I got to tell you you are.
Speaker 5 (03:13):
One of the things I love.
Speaker 3 (03:14):
Working with you is you explain everything to where anybody
can understand.
Speaker 5 (03:21):
And the other.
Speaker 3 (03:23):
Thing is is that I can't even imagine the pressure
that's on people and what it does to.
Speaker 5 (03:29):
Their marriage, what it does.
Speaker 3 (03:32):
To just their whole psychic that when you have the
irs after you, it has got to be so difficult.
But when someone sits down and talks to you, you've
got so many different ways. It's not one way, and
if that doesn't work, you're screwed. You have so many
different ways. And you know this business so well. You
(03:57):
can actually make people feel so much better or after
they leave, after they've signed up with you.
Speaker 4 (04:05):
Oh yeah, I mean our our arsenal is is vast
of what we can do and how we work through
the systems of the i r S. And you know
they're you know, they've got to file follow a certain
manual and it's the Internal Revenue Manual. So they've got
to follow these policies and procedures. And we know what
(04:25):
those policies and procedures are inside and out, and we
know how to walk not just older agents but the
new agents through those problems as well to try to
get the best deal for our clients.
Speaker 5 (04:38):
Uh.
Speaker 4 (04:39):
You know, the biggest thing we ask people is is
be totally honest with us. I can't say something I
can't protect you. I can't protect what you're worried.
Speaker 5 (04:48):
About the most.
Speaker 4 (04:49):
If you're not going to be honest with us and
tell us what you do have and you don't have.
And you know, we're going to go through everything with
you in detail, hell to make sure that you know
we've got everything you have listed down there, and because
the i r S is going to do a thorough
(05:10):
check of you and your financial situation. And you know,
people think they're not going to know, well, they do know.
If you own a vote, it's registered somewhere. They know
if you owned a vote in the last few years
and you didn't tell us that you had one, and
you know they're going to ask where it went to,
you know, So it's all the little things, and then
(05:32):
little things matter when you're dealing with the I R S.
And we see it now, you know, this administration that's
out there said, hey, we're not going after you know,
the little people or people.
Speaker 5 (05:45):
Making less than four hundred thousand. That's not true. We're
getting more phone.
Speaker 4 (05:49):
Calls every day from people that have tax debt, have
i RS problems, and the IRS is looking for them
and coming after them and trying I know that either leving.
Speaker 5 (06:02):
Their main account, garnish their wages, even garnish so security.
Speaker 4 (06:08):
You know, they're trying to find every way to get
as much money into the cofference as possible out there.
Speaker 5 (06:15):
Very you know.
Speaker 3 (06:16):
One of the things because we you've shared so many
stories with us, and one of the things I love
when you talk about is you're so well versed on
this that sometimes you come up against an agent that
you know more than they do, and you sometimes have
(06:38):
to go over their head because what you know, what
you're saying is right and what they're saying is wrong.
Speaker 4 (06:45):
Oh, you know, very definitely, and especially with the new
new agents that are that are coming on and have
been coming on over the last couple of years. A
lot of them, you know that they're not as well
trained anymore as they used to be.
Speaker 5 (07:00):
You know, they know what their job is, and their job.
Speaker 4 (07:02):
Is to collect money from the taxpayer at pretty.
Speaker 5 (07:05):
Much any costs. But they do have to.
Speaker 4 (07:08):
Follow the rules and regulations of the i r S
and many of them don't know it. And when they
don't know it and they think they do and they're
going to try to hold their ground.
Speaker 5 (07:18):
Sometimes we've got to go to their manager.
Speaker 4 (07:20):
Sometimes a manager isn't the one that is going to
give us the final answer, and we've got to go to.
Speaker 5 (07:25):
The territory manager.
Speaker 4 (07:27):
We'll do what it takes to make sure that we're
getting things done the right way, you.
Speaker 5 (07:32):
Know, within the i r S.
Speaker 4 (07:34):
And for you as our client, we want to get
the best deal possible for you. And sometimes it is
just a straight payment plan that we've got to set
you up on it. And it's easier sometimes for us
to do it than you as.
Speaker 5 (07:49):
A taxpayer to do it. Depends on how much time
you want to spend arguing with the i r S.
Speaker 4 (07:54):
And you know what you want to what you want
to do, and if you really want to stress it,
we take the stress off of you. We take that
monkey off your back, which is the I R S,
and we put it on our back and we carry.
Speaker 5 (08:06):
It down the road. And you know, we do everything
we can to help our.
Speaker 4 (08:11):
Clients to be able to get a good, nice sleep,
be able to rest, let your spouse rests as well,
and not be looking over your shoulder at that monkey
that's that's sitting there, because that monkey every year gets
bigger and bigger. It just grows with penalties, interests, and
the more you ignore it, the bigger and larger it gets,
(08:31):
and the heavier that load is.
Speaker 5 (08:35):
You know, very all these.
Speaker 3 (08:39):
X T emails that we get for your show, and
by the way, you are always number one, number two
amount of shows, all the shows we do. Of people
who write us, there's something that we don't think about.
It's on people's minds unless we're actually going through it.
(09:01):
And the word is people are embarrassed. Very you know this,
but tell people what you say to those people who
are embarrassed about their situation.
Speaker 4 (09:14):
Well, first off, we're in a no judgment zone, and
you know we're not passing any judgment on you. We're
here to help you. We're here to provide you that
tax relief, that stress relief. You know, sometimes I think, I,
you know, when we name the company Taxation Solutions and
our website Taxation Solutions Dot, we should have just named
(09:36):
it stress.
Speaker 5 (09:37):
Release from the I R S Dot.
Speaker 4 (09:40):
You know, something like that, you know, or get the
monkey off your back, you know, and uh, you know,
we always try to come up with interesting ways of saying, hey,
we provide that stress release. You know, it's tax relief.
It's don't don't work worry about why it happened, how
(10:02):
it happened, you know, was it your fault, was it
somebody else's fault, whatever it is, we don't care. And
you know, we don't care that it was you that
it happened to you. We just want to help you
get that solution to make your life a little bit
easier and actually a lot easier because you're not dealing
(10:25):
with the irs, and I don't have the stress of
are they going to live in my bank account? If
you follow what we put in place for you, if
you follow everything we're asking you to do, you don't
have to worry about that because we're going to control
the IRS and control your situation with you.
Speaker 5 (10:44):
And we do this hand in hand with our clients.
Speaker 4 (10:48):
And not only that, you know, one of the things
that you and I always talk about at times is
we're always in communication with them, and we are keeping.
Speaker 5 (10:57):
You up to date every month what's going on when
the IRS.
Speaker 4 (11:01):
Is getting hot and heavy and needing information, when we're
on top of that with you, we are walking that
path down that road with you and say, hey, we
need this, we need this timing.
Speaker 5 (11:13):
This is what's going to happen if you don't do
this or you don't do that.
Speaker 4 (11:16):
We just need to act quickly so we can keep
the IRS at bay and keep us moving down the
right path.
Speaker 5 (11:22):
You know, maybe it's that offering compromise and we just
got to get there.
Speaker 4 (11:25):
And you know, maybe you've got ten years of taxes,
you've got a file or seven or whatever the number
happens to be.
Speaker 5 (11:32):
We'll sit down and look at it with you. We'll
walk you through it. We'll get you there.
Speaker 3 (11:37):
Barry, I'm gonna you know, listen, you know, I'll ask anything.
And we are starting to get emails from people right here.
I'm out of floor, the barriers, out of Houston, Texas.
But we're starting to get people who listen to your
show who are getting really afraid because there's a lot
(12:01):
of things happening here in Florida with people who are
in condo associations and hoa associations. Their assessments are going
way up. They were already living, you know, month month
to month and now and they can't sell their condos
because just people aren't buying.
Speaker 5 (12:26):
Now.
Speaker 3 (12:27):
There's some bad things going on Florida. So I've noticed
we're starting to get a lot of letters and people
are saying they're afraid because they owe money on taxes
and they are barely getting buy Now, what should we
tell them?
Speaker 4 (12:42):
Call us, you know, pick up that phone and call us.
Let's talk about it.
Speaker 5 (12:47):
You know that that phone number, and I know I
don't give it out enough, but that number.
Speaker 4 (12:52):
Is eight seven seven nine nine six six four seven
seven again eight seven seven nine nine six six four
seven Or go to Taxation Solutions Dot and the we
have forms there you can fill out and we'll give
you a call or set up a time with you
so maybe we can talk to both you know, a
husband and wife out there, and you know, if we
(13:13):
need to do it at the same time, that's great.
If you know you've charged your husband to do this
and he's not man enough to.
Speaker 5 (13:20):
Stand up and make that phone.
Speaker 4 (13:22):
Call, well then maybe you should or hey, get in there,
fill out that contact for him, and we'll do a
joint phone call with the two of you and make
a man up and deal with the problem. You know,
what we want to do is help. We want to help.
Speaker 5 (13:39):
Put that solution in place.
Speaker 4 (13:41):
And I mean, if you can't afford to make, you know,
any more payments than what you're already making, we've got
to look at your situation.
Speaker 5 (13:51):
And come up with some solutions for you, you.
Speaker 4 (13:54):
Know, because maybe it's the non collectible status, maybe that's
the best place for you. Maybe it's the offering compromise
program out there. Maybe it's a partial pay installment agreement,
or you know, has to be a full pay installment agreement.
Speaker 5 (14:08):
But one of the things we've got to work through with.
Speaker 4 (14:10):
You is just because you say you can't afford it, doesn't.
Speaker 5 (14:16):
Mean the I R. S Is going to agree with you.
Speaker 4 (14:19):
Right the IRS when you're coming in and trying to
put like an offering compromise together, has national standards they
have got to follow and you're only allowed to take
certain deductions up to the national standard for your area
for housing, for you know, food and cars, insurance, you
(14:43):
name it. This is what you're going to be limited to.
And so we've got to figure out how to work
within those those limits. And do you qualify this way
or do we need to get you qualified a different way.
There's more flexibility maybe in the non collectible status or
partial pay installment. Agree, we just got to work through
all these things to get you to the right program.
Speaker 5 (15:07):
And don't be full. You know the fresh Start.
Speaker 4 (15:10):
Program that you're going to hear that the IRS has
out there, and you get a lot of companies talking
about you know, we all have access to the fresh.
Speaker 5 (15:17):
Start program, and I actually look at the fresh Start.
Speaker 4 (15:20):
Program is an IRS gimmick to get fresh money in.
Let's name it correctly, the fresh money program. The more
money the IRS gets in from you, because your own
money is fresh money, it's their fresh start of getting
you to start paying. And so maybe it's the fresh
(15:40):
Start payment program to get as much money in as possible. So,
you know, we all work within the programs that the
IRS has.
Speaker 5 (15:49):
We just got to have better knowledge than anybody else does.
To get the best deals.
Speaker 3 (15:56):
Bearing from doing your show so long, I've learned so much,
and I got to tell you it really bothers me.
Speaker 5 (16:03):
There's a lot of.
Speaker 3 (16:04):
These national commercials about fresh Start, and I know they're
giving bogus information. They're painting this picture that it really
isn't true. Barry and I noticed a lot in the
national companies promoting the fresh Start program.
Speaker 4 (16:23):
Yeah, there are some companies out there that act like
it's their own program, that yes, this fresh Start program. Well,
we all have the fresh Start program. And again it's
the IRS's way of saying, hey, you can qualify in
many different ways for different programs, and it's to help
(16:43):
get you a fresh start. But again, like I said,
it's fresh money to.
Speaker 5 (16:48):
The i RS. It's what they're really looking for.
Speaker 4 (16:51):
They misname of the program, but they wanted to be
able to sell it. If they would have said fresh
money into the IRS, nobody would ever say that's a
great program. But again, you got you've got to remember
that the whole purpose of the i r S is
to collect money from every taxpayer out there. The whole
(17:13):
reason the i r S is out there is collections.
They are the largest, biggest baddest collection agency you know.
Speaker 5 (17:21):
We say, and you might hear the ads.
Speaker 4 (17:23):
Don't be afraid of the I, R S or whatever.
Be afraid of what the power and the power of
when you ignore them. That the irs it does have
to garnish your wages, level your bank account, put leans
on your property, close your business, you know, you name it.
(17:44):
These guys have the power to do it, but they
use it when you ignore them, and they use it
to get your attention.
Speaker 5 (17:54):
And I'll talk to agents all the time.
Speaker 4 (17:56):
Especially the very experienced revenue officers. They'll say, Hey, you know,
these guys ignored me for you know, way too long,
and I had to do something. Now I have their attention. Well, yeah,
you got their attention enough that they finally picked up
the phone and called us here a taxation solution, and
got the guy that's going to save them on the
(18:17):
phone here with you. Now, let's get some of this
money back because they need it for their wage, making
their payroll. Let's get some of their money back because
they need it to make their mortgage payment. Let's get
this and we will start working with you to put
the right program in place, and hopefully we get them
to an offering compromise or a partial pay install.
Speaker 5 (18:38):
I'm an agreement or incollectible. We got to do something.
Speaker 6 (18:42):
To get that monkey off your back, get that tax
off your back, get the burden off of you and
your spouse so that you can sleep at night.
Speaker 5 (18:53):
You know. That's how we always talk about stress and.
Speaker 4 (18:55):
Sleep, you know, and that's what you lose when you're
sitting there IRS text debt. We also talk about IRIS
letters and some of the letters that people get, and
most people when they get those IRIS letters, don't even
open them, which is just amazing to me because you know, you.
Speaker 5 (19:17):
Already know you got probably owe money, and you've probably
seen it, and it's just growing. I think every time
they send.
Speaker 4 (19:26):
It out, they should send it a little bit thicker
and a little and so that so people that ignore it,
maybe when they finally call us, it's like three inches
thick or something.
Speaker 5 (19:35):
You know, I won't get mad or make it harder
to find, harder to throw into that file.
Speaker 4 (19:43):
So maybe you sitting here at a twelve or twenty
four inch letter that comes in, you can't throw in
the circuit ar file anymore.
Speaker 3 (19:50):
Very where is Orange Texas? I've never heard of the
Orange Texas.
Speaker 5 (19:55):
Orange, Texas. That would be east of us, going to
towards Louisiana.
Speaker 3 (20:01):
Oh okay, so we got Jason from Orange. He wants
to know, he said, I love listening to your show.
He said, I noticed you talk about individual tax people,
but do you handle businesses, which we wrote them back.
You do, But he told me something that we have
(20:25):
touched on before. If you're a business owner, try getting
a hold of the irs and all the time you
spend on hold when you could have Barry Falor handling
that for you.
Speaker 4 (20:42):
Well, absolutely, and we handle business taxes and you know both.
You know the corporate taxes, the payroll tax issues, you
name it, anything twenty two ninety.
Speaker 5 (20:56):
If you're a truck driver, we.
Speaker 4 (20:59):
Will handle those those taxes and back taxes and everything
for you.
Speaker 5 (21:03):
But as a business owner, the last thing you want.
Speaker 4 (21:05):
To be doing is spending your days in the evenings
and stuff when you can be out there making money,
sitting on hold, waiting for the irs or dealing with
the revenue officer that all he wants to do is
collect one hundred percent of it today and you don't
have it. We try to make life a little bit
easier for our business owners that call us with the
(21:26):
payroll tax issues, trying to keep the IRS at bay
so that they're not issuing civil penalties and trust fund
penalties against the owners and managers and people that sign
on the checking accounts of business. If you owe corporate tax,
because maybe your final eleven twenty C court, we handle
(21:49):
those taxes for you as well as well as back
tax returns.
Speaker 5 (21:53):
A lot of people don't realize that. When you go
out and you set up your company.
Speaker 4 (22:00):
If you are an in can get your employer identification number.
If you don't file for s corp status separately with
the IRS, you're now a eleven twenty filer, which is
a C corp.
Speaker 5 (22:13):
And new corporation pays its own.
Speaker 4 (22:15):
Tax, and you're required to file from that first year,
whether you've done business or not.
Speaker 5 (22:21):
People don't read those.
Speaker 4 (22:23):
Letters when they get the employer identification number to see
what they've got to file. Or maybe you did file
for escorp and you didn't really start business yet you
actually had to file from year one as an escorp
even if there was zero activity, you still got to
file those returns. And the same with let's say you're
(22:43):
an LLC and you have multiple partners and you didn't
start operating. You get that ei IN letter. It says
you got to start filing immediately. The same thing with
you when you file for those things. We see people
have put that they're going to start payroll pretty soon.
Well they're required to start filing those payroll forms immediately
(23:06):
almost and with that very first quarter that you're in business,
depending on when you said you're going to start doing payroll,
and so you've got to file these things.
Speaker 5 (23:15):
You've got to know what you're doing.
Speaker 4 (23:17):
And you know, whether you come to US or you
go to another at tax pro out there, one of
the first things they should ask you for is a
copy of that ei N letter to see exactly how
you're set up and what you're doing to keep you
out of trouble from day one, not two or three
years down the road. We just had a company that
called us. Didn't realize the IRS is asking for the
(23:41):
last four years of tax returns, and they thought they
were a single member LLC. But when they set up
and they got their employer identification number and then if
their attorney or whoever said they're am up to the
escort status election where they became an escort but didn't
(24:04):
know they had to file for the last.
Speaker 5 (24:05):
Four years and whoever they hired been filing a schedule.
See got to go.
Speaker 4 (24:10):
Back and amend those and fix those returns to make
them right and go from there. So you know, there's
a lot of different things that happen when you're in
business that falls on your shoulders as a business owner,
and you need a very good consultant to work with you,
especially a great tax person to be able to guide
(24:32):
you through it and find every opportunity to reduce your
taxes through tax planning and using great tax strategies to
making sure that if you do have IRS problems that
you're getting rid of the debt.
Speaker 5 (24:45):
Or you've got to right solution to keep you in
business and not take everything.
Speaker 3 (24:53):
Here's one from Kai got in bel Air. He wants
to you know what kind of tax scams are going on?
Speaker 4 (25:06):
Well, there's a lot of tax scams, Guy uh oh
And and Jason alten Orange, make sure you give us
a call, let us help through your businesses. You've got
tax problems and stuff out there. Meant to mention that.
Speaker 5 (25:18):
To you, Jason, but Hi, there's all kinds of tax scams.
Speaker 4 (25:21):
I mean, the biggest one, right now and you probably
hear it on your cell phone. Okay, so you should
start getting phone calls saying you owe taxes. And you know,
I find them really funny because I get one and
I get to play because I know I don't have
a tax problem. You know, I know what my tax
(25:43):
situation is, and I stay on top of it. But
if you don't know, these guys are trying to scam you.
They're either trying to get you into pay money and
to do a tax analysis to find out.
Speaker 5 (25:54):
If you owe.
Speaker 4 (25:57):
Two tell you hey, maybe it's they're calling and pretending
to be the Interning Areas ERVIS and they now want
to see you couldn't understand the word I just said, right,
that's the way they play it.
Speaker 5 (26:13):
So it sounds like they're calling from the Internal Revenue Service,
but they're not. And then they want you to pay
them money through gift cards or you know.
Speaker 4 (26:24):
Go down to Target and get these cards or Walmart
or wherever you're going to the store and pay them
money as if they were the Internal Revenue Service. Well,
the Internal Revenue Service isn't going to call you and
do collections. They're going to send you letters.
Speaker 5 (26:40):
You may now get in contact with one of them.
Speaker 4 (26:42):
You may get a revenue officer who will send you
any contact letters.
Speaker 5 (26:47):
And everything and then contact you.
Speaker 4 (26:49):
But you're going to see that first before you'll ever
have the phone conversation with them, and so you don't
know who you're dealing with. The the IRS out of
the blue isn't going to pick up the phone and
call you, and so I always you know, hey, if
that's the case, hang up the phone and pick up
the phone and call the IRS and sit down, hold
(27:11):
and ask them. They'll tell you if you know what's
going on and everything out there. So you got to
watch those those things. Those are some of the biggest
scams that are out there that affect you know, every
day people and a lot of times they prey on
the older generation as well, just because you know, they
don't want to have that that text that they have
(27:34):
a huge fear of what's going to happen with the
I R s and their retirement and everything else. So
you know, if you do all money, get in front
of it. That's what we tell people is is pick
up the phone and give us a call, let us
get in front of it and let us head this off.
It at eight seven seven nine ninety six six four
seven seven. And it's a free phone call, it's a
(27:56):
free consultation. Let's you know, talk talk through it with you.
Even if you decide, hey, I don't want to use you,
at least bounce some ideas off of us and talk
to us and we'll tell you what we can do
for you, what kind of situation you're in.
Speaker 5 (28:12):
And you know, should you do it?
Speaker 4 (28:14):
If you've talked to somebody else out there because you
listen to one of the ads and you want to.
Speaker 5 (28:19):
Know the truth, give us a call.
Speaker 4 (28:21):
There are some good companies out there that will tell
you the truth. And there are a lot of good
companies that will just sell you whatever you want to hear.
As I call it, it's the pipe dream. You know, hey,
you know if you do this, you're going to win
hundreds of millions of dollars. Or if you see the
scams out there of trading stock and if you buy
(28:44):
this stock, you're going to make millions of dollars. Well,
you know, hey, everybody wants to make money and get
rich quick. Everybody that has a tax debt wants to settle.
Speaker 5 (28:54):
For God forbid.
Speaker 4 (28:56):
The penny is on a dollar type of thing, but
you've got to put some reality into it. And that's
what we do, is we're going to inject reality. We're
going to give you hope of what we can do
and how we can say to you how we can
get the I R. S.
Speaker 5 (29:11):
Monkey off your back.
Speaker 4 (29:14):
But you've got to start with that phone call to
us at eight seven seven nine nine six six four
seven seven. Again, it's free call, free consultation. Even if
you decide you're going to use somebody else, at least
talk to us and give us a chance to make
sure that what they're going to do, what they're trying
to sell you on, is really the right thing for you,
(29:37):
because you don't qualify all the time for an offering
compromise or partial pain, installment agreement or non collective status.
Speaker 5 (29:44):
To be honest with you, somebody you are just going
to qualify for installment agreement.
Speaker 4 (29:50):
But we've got to really talk to you and put
reality to what they're selling as well.
Speaker 3 (29:58):
I can't I can wait to read this text that
just came in, Drake. This is from Bill and sugar Land.
He said, I always enjoy your show. You really helped
a good friend of mine get out of their tax problems.
Speaker 5 (30:14):
What tips do you have for newlyweds? Tax Kip, Sorry, well,
the first thing I do is.
Speaker 4 (30:23):
Find a good tax pprayer and enrolled agent is probably
the way I recommended you go out there and do
it that we know the most about tax laws inside
and out, and keep that person as your friend, and
as you continue to go through life, use them as
your consultant. We talked to them many newly weeds and
(30:48):
talk about you know what's happening.
Speaker 5 (30:50):
Sometimes I even tell you if they're self employed, before.
Speaker 4 (30:55):
You get married, make sure they don't have any tax debt,
because a lot of time self employed people will have
more tax debt than anybody else out there because of
the tax burden non self employed individuals. And before you
get into that situation in getting married, we've seen where
(31:15):
somebody's had tax debt that when they were on their
own could qualify for an offering compromise and get rid
of it. And we want to do that before you
get married, because once you get married, even if it's
not his or hurt your significant others tax debt, their
income willcount against the household expenses and so where you
(31:39):
may have the tax debt and be able to qualify
to write off, you know, deduct everything for the house
and everything else for you. Once you put your spouse
in there, his or her income's got account to help
pay for part of those expenses. So we want to
look at every situation that's out there. So if you
do have tax debt and about to get married, talk
(32:01):
to us first before you do it, because it really
hurt and offering compromise we were in the middle of doing.
Speaker 5 (32:07):
We were going to settle for you.
Speaker 4 (32:09):
Know, maybe of what he owed, and now he doesn't
qualify because as fast is making good money and having
to pick up a higher percentage of the household expenses.
But if you don't have that situation, maybe you're w
two having a good tax broke working with you. As
you continue to grow in age, well we'll tell you, hey,
(32:32):
start contributing to this retirement.
Speaker 5 (32:34):
Whether it's roth, whether it's a straight I or a
you know, what do you do as you start to
have children and what do you do for them? All?
Speaker 4 (32:44):
This becomes very valuable to you when you get to
our age, when you get to retirement age. You know,
people talk about putting a small amount of money every
single month into a retirement account, maximize those i ra's
when you're young, and you'll have a lot more money
(33:06):
when you get to retirement age, and you know that
money becomes very valuable. We don't know what's going to
happen with Social Security, Yeah, you know, whether it's this year,
whether it's next year, whether it's ten years or twenty
years down the road. Nobody knows what's going to happen there.
It could be there, it could be in some different form.
(33:30):
Baby boomers are starting to retire and retiring, and that's
a huge generation of people and it's going to take
more and more money coming into the government to continue
to pay those benefits.
Speaker 5 (33:43):
How does the government do that?
Speaker 4 (33:46):
You know, we've got to look at every tax strategy
to reduce the taxes that you.
Speaker 5 (33:50):
As a family are going to pay from day one. Erry.
Speaker 3 (33:57):
You know, one of the things we always talk about
is a lot of people will try talking to the
irs themselves. How many times client that probably thought they
were trying to save money, didn't know about taxation solutions
(34:18):
and try to handle themselves. Tell people problems that that
causes when they try to handle this themselves.
Speaker 5 (34:28):
Well, first off, it causes you heartache.
Speaker 4 (34:33):
And stress of having to answer the questions from the irs.
Speaker 5 (34:36):
The second part of it is is.
Speaker 4 (34:40):
The irs, like I said, is the largest, biggest, baddest
collection agency in the world.
Speaker 5 (34:44):
Not scary of them or anything else.
Speaker 4 (34:46):
Put the fear of God of the irs into you,
and that many people do have. But they have techniques
of asking questions and asking the questions that give them
the answer that they need or want to collect as
much money from you as possible. And that's what their
(35:07):
job is to do, is to find the money, bring
the money into the government. And when you answer questions,
it's like gospel. You know, it's the word of God.
I mean, it is a god an needs truth. It
is what it is. And then you answered it wrong
because you didn't understand the question, and they expect a
(35:30):
lot more.
Speaker 5 (35:30):
From you, or a lot of more money from you.
Speaker 4 (35:33):
And then when you do come back and hire taxation solutions,
tax relief, you know, we've got to go back and
refute what you answered and how you answered it, and
to you.
Speaker 5 (35:46):
Know, sometimes to get that done it is really really.
Speaker 4 (35:51):
Hard and it makes our job really tough. Because you
said you had money in the bank, you said you
had money under the mattress, you said I had coffee
cans of money or gold buried in the backyard. Even
if you didn't mean to answer it that way, or
you said it as a joke, you know, now all
(36:13):
of a sudden, you know the I R S is
is looking for that. And yes, I've had a client
say they had coffee cans of money in their backyard.
Speaker 5 (36:23):
To an I R S.
Speaker 4 (36:24):
Agent and you shake your head and go to you railing.
He is, no, I was just kidding.
Speaker 5 (36:31):
Were you kidding or is it you know serious? Come on, no,
I'm just kidding.
Speaker 4 (36:38):
I was joking. We were I thought we were having
a good time. Well there's not a good time failing
with the I R.
Speaker 5 (36:44):
S when you owe money.
Speaker 4 (36:46):
Come on, now, you know, and getting that refuted is
is something that's, you know, very difficult to do because
you answered a question and they took this gospel and.
Speaker 5 (37:01):
Now they have the notes. I mean they're meticulous in
writing their notes. At times. There are some agents you
go back and say, hey, we had this conversation.
Speaker 4 (37:11):
And they go, no, we didn't, I haven't. I have
my notes of what we talked about. So you know,
you've got to go through and be able to deal
with the irs in the right way. We know how
to answer the questions, and sometimes they ask a question
that we don't want to answer, and I can defer
(37:32):
you can't because you're supposed to know the information me.
I've got to go back to you to get that information.
And a good example of this, and I don't allow
clients to go to meetings with the irs anymore.
Speaker 5 (37:47):
With me.
Speaker 4 (37:49):
Many many years ago, I went into a meeting and
because they summoned the client, I actually had a long
conversation with client before we got there that he was
not to say anything, he would defer directly to me.
Speaker 5 (38:03):
But this revenue.
Speaker 4 (38:04):
Officer and manager was assistent that you know, they've summoned
this guy three or four times and he needed to
be down there. So I said, okay, fine, I'll let
him come this time.
Speaker 5 (38:16):
With me and got down there, and the guy basically
it's just talked over me. And I mean I had
to walk out of there.
Speaker 4 (38:27):
Because he wasn't even stouting the truth and got himself
in further trouble.
Speaker 5 (38:34):
Because he was acting as if he had everything under
the sun.
Speaker 4 (38:37):
And then his one truth that he did say he
was transferring equipment to his mother's.
Speaker 5 (38:42):
So good luck finding it. Wow. You know, sometimes having
somebody that's on your side and listening to him is
what's the most important.
Speaker 4 (38:54):
Thing out there. When we tell you don't talk to
any IRS agent out there, we're serious about it. You
get our business card and get our number. And as
soon as you have that, and you're a client of ours,
if the revenue officer that maybe you've been dealing with
yourself and now we're dealing with and we stepped into
(39:15):
your shoes because we have the power of attorney, you
just give them our phone number in our name and
tell him to call us and hang up the phone.
Speaker 5 (39:23):
You don't have to say anything more zero nine, and
we don't want you to. That's it.
Speaker 4 (39:29):
The only number they get is eight seven seven nine
ninety six six four seven seven, and we give you
a hotline actually once you're a client of ours, but
you know, we give out the number and that's what
you give to the IRS agent as a client of ours,
and we deal with it from there.
Speaker 5 (39:46):
Don't say anything else, just be quiet and hang up
the phone. That's how simple it is. And that's how
much stress we take off of you. I mean, how
nice is it? You know, when you got this phone
here and you're talking to that revenue as just be
able to go done.
Speaker 4 (40:05):
I don't have to deal with this anymore, mister Fowler
over taxation Solutions dot net got us covered.
Speaker 5 (40:12):
That's that's the easy part, and you smile while you
do it. That's a good part too.
Speaker 3 (40:20):
Stu and Conro wants to know how does the IRIS
decide what taxpayer they're going to audit.
Speaker 5 (40:31):
Well, see, that's a good question.
Speaker 4 (40:33):
Now, the audit rates out there are still relatively low.
If you are self employed, honestly, they think that you
are lying, cheating, and stealing from them. If you're running
an s corp or partnership out there, they think that
(40:54):
you're probably a little bit more honest.
Speaker 5 (40:57):
I don't get the difference sometimes. So usually if you
are self.
Speaker 4 (41:03):
Employed and you're taking deductions that are outside of the norm,
or continue to have losses year after year and don't
see any improvement in your business, they could.
Speaker 5 (41:15):
Pull you for audit.
Speaker 4 (41:18):
But you know, you've kind of got to look at
the tax return and see what's out there. If you're
self employed. Out there, they're also looking for round numbers.
Speaker 5 (41:32):
What I mean by.
Speaker 4 (41:32):
Round numbers is every deduction ends in zero zero zero
or zero zero. You know, it's almost impossible to go
out there and do bookyping for a company and have
every single number be one thousand, one hundred, five thousand,
two hundred six thousand, those even.
Speaker 5 (41:56):
Round numbers that are out there.
Speaker 4 (41:58):
It gets people in trouble. The other thing is unscrupulous
tax prepayers. See there's a lot of tax preprayers out
there that all their job they think is is to
get you a refund, whether it's right or not. We've
seen it where people have just decided somebody's in business
(42:22):
and puts a schedule ce on somebody's return, and because
you've got a huge refund, you said, I dono cares
and the tax pro goes. I've never had anybody audited
from this, and I do this all the time. But
those are the kind of things that can get you
in trouble. If you're a W two employee and all
(42:45):
of a sudden you're now itemizing and have huge charitable
contributions or huge amount of medical expenses, that gets you
over there. Or maybe they've put in deductions for large
mortgage interest that you did to pay. Those things get matched,
(43:05):
like mortgage interest will get matched to the IRS database
because they received information leaving things off your tax return
like ten ninety nine for gambling winnings for a w twog,
a ten ninety nine miscellaneous, ten ninety nine for rental income.
Speaker 5 (43:24):
Leading those things off will get you audited as well.
Speaker 4 (43:27):
Now, a lot of times it's just a correspondence I
did it, saying hey, this is missing or whatever. But
other times they're full blown audits where they want to
look at everything on you. And when they do that,
hopefully you have meticulous records that can support it, because
you're gonna need that. I will say something that I
(43:47):
saw here. You know recently, a truck driver they're tax prepair.
Speaker 5 (43:54):
Not only took depreciation on the tractor that they bought
the semi truck, they took mileage on it.
Speaker 4 (44:05):
They took a fuel expense on it, and took repairs
on that same same vehicle.
Speaker 5 (44:13):
So that will get unmodited.
Speaker 4 (44:16):
Those things can't happen on the tax return. You can't
take mileage and actual expenses and depreciation. You're either going
to take one or the other. But it's a semi truck.
You're taking actual expenses and depreciation. You're not taking mileage
on that. That is equipment used in the business.
Speaker 5 (44:34):
Not your personal vehicle.
Speaker 4 (44:37):
Large mileage deduction, and they'll ask to see that mileage log.
Make sure you have a mileage log for your personal
vehicle that you use in the business as well.
Speaker 5 (44:48):
But good question. Yeah, hey, Barry, what help people?
Speaker 3 (44:53):
The percentage of these letters that the IRS sends out
saying how much you owe?
Speaker 5 (45:00):
What percent of those are usually wrong? The numbers, well,
you know, it really varies.
Speaker 4 (45:10):
We will say, if you haven't filed a tax return
for a number of years, those are generally going to
be wrong. Those are generally off a substitute for tax returns.
If you what's that because they don't know your right offs. Yeah,
they don't know your right offs. They don't know how many.
(45:30):
They may know how many kids you have, but they're
not going to give them to you. They may know
that you're married, they may not file it that way.
They may file it as single and or they you know,
maybe they file it married, file separate.
Speaker 5 (45:42):
You know. Those those are the things that they do.
If you've been.
Speaker 4 (45:45):
Filing your tax returns, generally those will be right unless
you've maybe gone through an audit, didn't have good representation
like from US and we do. Do you know speak
assumed camera. If you were going through an audit.
Speaker 5 (46:00):
You can call us. We do represent people in audits
as well, so you know we we help you through that.
Speaker 4 (46:08):
So if you've already filed in your W two, it's
a small percentage of them that are incorrect.
Speaker 5 (46:14):
So each situation varies.
Speaker 4 (46:17):
To put a number on it, it's really hard because
we look at it in each category as opposed to
looking at it overall out there. But again, if you're
going through an audit, you know, hey to pick up
a phone and call us at eight seven seven nine
ninety six six four seven seven love to help you
through your audit. We've saved many people that have gone
(46:38):
through audits. And even if you have gone through an
audit and you didn't provide them any supporting documents and
lost the whole thing, we're very good at going back
and do an audit reconsiderations and getting the IRS to
reconsider that audit and get you back to your real numbers.
Speaker 5 (46:58):
We've got a few minutes off that.
Speaker 3 (47:00):
This is probably the most important question I've asked is
why if I have a tax problem, I haven't filed,
I owe taxes, why should I hire Taxation Solutions.
Speaker 4 (47:14):
Well probably I would say I'm the best of the business.
Speaker 5 (47:16):
Uh. You a lot of experience.
Speaker 4 (47:19):
But the reason you hire Taxation Solutions is we have
a good track record following through with what we say
we're going to do, helping you, staying in communication with you,
keeping you informed of everything that is going on. We
need your help, so we can't do it alone. We
(47:40):
can't make up numbers.
Speaker 5 (47:41):
We're not going to make up numbers. We're going to
help you through it and guide you down the way.
Speaker 4 (47:46):
Yeah, there are sometimes we can go back and we
can use national averages and you know, things that typically
happen in a business, But we want to get to
the actual numbers to get that down as far as possible.
Speaker 5 (47:58):
For you if you have been filed.
Speaker 4 (48:01):
If you have filed, we're the ones they're going to
be able to go out there and fight the irs
and give you something realistic that you can actually hold
on to sink your teeth into.
Speaker 5 (48:13):
Be honest with.
Speaker 4 (48:14):
Us, and we are going to be honest, sometimes brutally
honest of what we can do or anybody can.
Speaker 5 (48:21):
Do for you.
Speaker 4 (48:22):
Many many people have called us and we've been honest
with them and brutally honest and told them, hey, this
is what you qualify for. But they got the pipe
dream from somebody else and they went there. They call
us back and go, these guys can't do or have
it done what they said.
Speaker 5 (48:35):
They could do. I told you they couldn't do that.
This is what you're going to get. Let's let's get
this going the right way and get it done.
Speaker 4 (48:42):
And that's just one of our clients. We did that
for this week that you had called us a few
months ago and said, hey, this guys haven't done anything
for us.
Speaker 5 (48:50):
Haven't gotten anywhere. Well, we're putting a solution in place
for him.
Speaker 4 (48:54):
And the guy went, hey, we've had more professional communication
with you over the last you know, three weeks than
we had with them for six months. How can this
be what we do business differently. We're here to help
you and guide you and take the burden off of you.
But again, it only starts with a phone call. As
you and I know, I can't do anything unless you
(49:15):
pick up the phone and call us. We don't make
out my phone calls until you've contacted us. And that's
eight seven seven nine ninety six six four seven seven
or taxation Solutions dot and net and you can catch
this program on YouTube right and time.
Speaker 3 (49:29):
Yes you YouTube bearis.
Speaker 5 (49:33):
With us every month, very.
Speaker 3 (49:36):
And I apologize to people who wrote us questions in
uh this show is.
Speaker 5 (49:41):
Never long enough.
Speaker 3 (49:43):
Barry, thank you so much and we'll see you again
next month as.
Speaker 5 (49:48):
Do it as always. Thank you.
Speaker 4 (49:50):
I appreciate everything and ask the experts and any questions
send them our way.
Speaker 5 (49:54):
Love you, bro.
Speaker 3 (49:56):
That's very Falor Taxation Solutions. That's it for us today.
We'll be back again with you next month, next week.
I'm sorry next month. Be back with you next week.
Speaker 5 (50:07):
Thank you, Rebel. We'll see you all down the road.
Speaker 2 (50:11):
Thanks for tuning in today to the Ask the Expert
Show on W FOURCY Radio and Talk for TV. Tune
in next week and every week to hear more from
our experts on personal injury, insurance, air condition repairs, estate planning, medicare,
and many other topics in the areas of legal, health,
(50:31):
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The topics and opinions expressed in the following show are
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(00:21):
W FOURCY Radio.
Speaker 2 (00:26):
Welcome to the Ask the Experts Show on W FOURCY
Radio and Talkboard TV, where we bring you educational information
from top local experts in the fields of legal, health,
financial and home improvement. Now sit back and listen to
experts in family law, association, law, hearing laws, business brokers,
(00:47):
home care, along with many other topics. Now here are
your hosts, Stevo and Sophia.
Speaker 3 (00:56):
Hey, good morning, Welcome to another As the Expert show
where we bring you the top experts in the field
of legal, health, financial and home improvement. We have got
a great show for you for the next fifty minutes.
This is one of the few of our sixty shows
we do a month. This is one of the few
(01:16):
shows that we wanted to do on a national basis.
We normally don't. We normally do about a twenty five
minute show in each category, but this category is so
important and we were so blessed to find one of
the greatest companies Taxation Solutions when it comes to tax relief,
(01:40):
because we know that it is such a burden when
you've got tax problems, and probably now more than ever
because you hear about all the agents they're hiring and
how they're really going after people. And what we're hoping
this show do is first of all, you don't try
to handle this yourself. And second ball, we have done
(02:03):
so much research and background check on tax tax relieve
companies and folks. There are a lot of bad ones
out there, people who pay their money and then never
hear back from the companies. Again, well, this company, Taxation Solutions,
have been with us for about ten years, nothing but
(02:27):
glowing reports. Now the owner of the company, the president
of the company, Very Fouler, is so humble, so I
hope I haven't embarrassed him. But welcome Barry Falor.
Speaker 4 (02:40):
Hey, Steve Oagan, are you today? Not much embarrasses me anymore.
You know, you get to an agent, you don't even
get concerned with it. But I appreciate the glowing settlement
and review out there of us. We get very proud
of our BBB rating a class that you know, we're
(03:02):
here to help our clients, the tax payers and fight
against the I R s, which is what we enjoy doing.
Speaker 3 (03:09):
Barry, I got to tell you you are.
Speaker 5 (03:13):
One of the things I love.
Speaker 3 (03:14):
Working with you is you explain everything to where anybody
can understand.
Speaker 5 (03:21):
And the other.
Speaker 3 (03:23):
Thing is is that I can't even imagine the pressure
that's on people and what it does to.
Speaker 5 (03:29):
Their marriage, what it does.
Speaker 3 (03:32):
To just their whole psychic that when you have the
irs after you, it has got to be so difficult.
But when someone sits down and talks to you, you've
got so many different ways. It's not one way, and
if that doesn't work, you're screwed. You have so many
different ways. And you know this business so well. You
(03:57):
can actually make people feel so much better or after
they leave, after they've signed up with you.
Speaker 4 (04:05):
Oh yeah, I mean our our arsenal is is vast
of what we can do and how we work through
the systems of the i r S. And you know
they're you know, they've got to file follow a certain
manual and it's the Internal Revenue Manual. So they've got
to follow these policies and procedures. And we know what
(04:25):
those policies and procedures are inside and out, and we
know how to walk not just older agents but the
new agents through those problems as well to try to
get the best deal for our clients.
Speaker 5 (04:38):
Uh.
Speaker 4 (04:39):
You know, the biggest thing we ask people is is
be totally honest with us. I can't say something I
can't protect you. I can't protect what you're worried.
Speaker 5 (04:48):
About the most.
Speaker 4 (04:49):
If you're not going to be honest with us and
tell us what you do have and you don't have.
And you know, we're going to go through everything with
you in detail, hell to make sure that you know
we've got everything you have listed down there, and because
the i r S is going to do a thorough
(05:10):
check of you and your financial situation. And you know,
people think they're not going to know, well, they do know.
If you own a vote, it's registered somewhere. They know
if you owned a vote in the last few years
and you didn't tell us that you had one, and
you know they're going to ask where it went to,
you know, So it's all the little things, and then
(05:32):
little things matter when you're dealing with the I R S.
And we see it now, you know, this administration that's
out there said, hey, we're not going after you know,
the little people or people.
Speaker 5 (05:45):
Making less than four hundred thousand. That's not true. We're
getting more phone.
Speaker 4 (05:49):
Calls every day from people that have tax debt, have
i RS problems, and the IRS is looking for them
and coming after them and trying I know that either leving.
Speaker 5 (06:02):
Their main account, garnish their wages, even garnish so security.
Speaker 4 (06:08):
You know, they're trying to find every way to get
as much money into the cofference as possible out there.
Speaker 5 (06:15):
Very you know.
Speaker 3 (06:16):
One of the things because we you've shared so many
stories with us, and one of the things I love
when you talk about is you're so well versed on
this that sometimes you come up against an agent that
you know more than they do, and you sometimes have
(06:38):
to go over their head because what you know, what
you're saying is right and what they're saying is wrong.
Speaker 4 (06:45):
Oh, you know, very definitely, and especially with the new
new agents that are that are coming on and have
been coming on over the last couple of years. A
lot of them, you know that they're not as well
trained anymore as they used to be.
Speaker 5 (07:00):
You know, they know what their job is, and their job.
Speaker 4 (07:02):
Is to collect money from the taxpayer at pretty.
Speaker 5 (07:05):
Much any costs. But they do have to.
Speaker 4 (07:08):
Follow the rules and regulations of the i r S
and many of them don't know it. And when they
don't know it and they think they do and they're
going to try to hold their ground.
Speaker 5 (07:18):
Sometimes we've got to go to their manager.
Speaker 4 (07:20):
Sometimes a manager isn't the one that is going to
give us the final answer, and we've got to go to.
Speaker 5 (07:25):
The territory manager.
Speaker 4 (07:27):
We'll do what it takes to make sure that we're
getting things done the right way, you.
Speaker 5 (07:32):
Know, within the i r S.
Speaker 4 (07:34):
And for you as our client, we want to get
the best deal possible for you. And sometimes it is
just a straight payment plan that we've got to set
you up on it. And it's easier sometimes for us
to do it than you as.
Speaker 5 (07:49):
A taxpayer to do it. Depends on how much time
you want to spend arguing with the i r S.
Speaker 4 (07:54):
And you know what you want to what you want
to do, and if you really want to stress it,
we take the stress off of you. We take that
monkey off your back, which is the I R S,
and we put it on our back and we carry.
Speaker 5 (08:06):
It down the road. And you know, we do everything
we can to help our.
Speaker 4 (08:11):
Clients to be able to get a good, nice sleep,
be able to rest, let your spouse rests as well,
and not be looking over your shoulder at that monkey
that's that's sitting there, because that monkey every year gets
bigger and bigger. It just grows with penalties, interests, and
the more you ignore it, the bigger and larger it gets,
(08:31):
and the heavier that load is.
Speaker 5 (08:35):
You know, very all these.
Speaker 3 (08:39):
X T emails that we get for your show, and
by the way, you are always number one, number two
amount of shows, all the shows we do. Of people
who write us, there's something that we don't think about.
It's on people's minds unless we're actually going through it.
(09:01):
And the word is people are embarrassed. Very you know this,
but tell people what you say to those people who
are embarrassed about their situation.
Speaker 4 (09:14):
Well, first off, we're in a no judgment zone, and
you know we're not passing any judgment on you. We're
here to help you. We're here to provide you that
tax relief, that stress relief. You know, sometimes I think, I,
you know, when we name the company Taxation Solutions and
our website Taxation Solutions Dot, we should have just named
(09:36):
it stress.
Speaker 5 (09:37):
Release from the I R S Dot.
Speaker 4 (09:40):
You know, something like that, you know, or get the
monkey off your back, you know, and uh, you know,
we always try to come up with interesting ways of saying, hey,
we provide that stress release. You know, it's tax relief.
It's don't don't work worry about why it happened, how
(10:02):
it happened, you know, was it your fault, was it
somebody else's fault, whatever it is, we don't care. And
you know, we don't care that it was you that
it happened to you. We just want to help you
get that solution to make your life a little bit
easier and actually a lot easier because you're not dealing
(10:25):
with the irs, and I don't have the stress of
are they going to live in my bank account? If
you follow what we put in place for you, if
you follow everything we're asking you to do, you don't
have to worry about that because we're going to control
the IRS and control your situation with you.
Speaker 5 (10:44):
And we do this hand in hand with our clients.
Speaker 4 (10:48):
And not only that, you know, one of the things
that you and I always talk about at times is
we're always in communication with them, and we are keeping.
Speaker 5 (10:57):
You up to date every month what's going on when
the IRS.
Speaker 4 (11:01):
Is getting hot and heavy and needing information, when we're
on top of that with you, we are walking that
path down that road with you and say, hey, we
need this, we need this timing.
Speaker 5 (11:13):
This is what's going to happen if you don't do
this or you don't do that.
Speaker 4 (11:16):
We just need to act quickly so we can keep
the IRS at bay and keep us moving down the
right path.
Speaker 5 (11:22):
You know, maybe it's that offering compromise and we just
got to get there.
Speaker 4 (11:25):
And you know, maybe you've got ten years of taxes,
you've got a file or seven or whatever the number
happens to be.
Speaker 5 (11:32):
We'll sit down and look at it with you. We'll
walk you through it. We'll get you there.
Speaker 3 (11:37):
Barry, I'm gonna you know, listen, you know, I'll ask anything.
And we are starting to get emails from people right here.
I'm out of floor, the barriers, out of Houston, Texas.
But we're starting to get people who listen to your
show who are getting really afraid because there's a lot
(12:01):
of things happening here in Florida with people who are
in condo associations and hoa associations. Their assessments are going
way up. They were already living, you know, month month
to month and now and they can't sell their condos
because just people aren't buying.
Speaker 5 (12:26):
Now.
Speaker 3 (12:27):
There's some bad things going on Florida. So I've noticed
we're starting to get a lot of letters and people
are saying they're afraid because they owe money on taxes
and they are barely getting buy Now, what should we
tell them?
Speaker 4 (12:42):
Call us, you know, pick up that phone and call us.
Let's talk about it.
Speaker 5 (12:47):
You know that that phone number, and I know I
don't give it out enough, but that number.
Speaker 4 (12:52):
Is eight seven seven nine nine six six four seven
seven again eight seven seven nine nine six six four
seven Or go to Taxation Solutions Dot and the we
have forms there you can fill out and we'll give
you a call or set up a time with you
so maybe we can talk to both you know, a
husband and wife out there, and you know, if we
(13:13):
need to do it at the same time, that's great.
If you know you've charged your husband to do this
and he's not man enough to.
Speaker 5 (13:20):
Stand up and make that phone.
Speaker 4 (13:22):
Call, well then maybe you should or hey, get in there,
fill out that contact for him, and we'll do a
joint phone call with the two of you and make
a man up and deal with the problem. You know,
what we want to do is help. We want to help.
Speaker 5 (13:39):
Put that solution in place.
Speaker 4 (13:41):
And I mean, if you can't afford to make, you know,
any more payments than what you're already making, we've got
to look at your situation.
Speaker 5 (13:51):
And come up with some solutions for you, you.
Speaker 4 (13:54):
Know, because maybe it's the non collectible status, maybe that's
the best place for you. Maybe it's the offering compromise
program out there. Maybe it's a partial pay installment agreement,
or you know, has to be a full pay installment agreement.
Speaker 5 (14:08):
But one of the things we've got to work through with.
Speaker 4 (14:10):
You is just because you say you can't afford it, doesn't.
Speaker 5 (14:16):
Mean the I R. S Is going to agree with you.
Speaker 4 (14:19):
Right the IRS when you're coming in and trying to
put like an offering compromise together, has national standards they
have got to follow and you're only allowed to take
certain deductions up to the national standard for your area
for housing, for you know, food and cars, insurance, you
(14:43):
name it. This is what you're going to be limited to.
And so we've got to figure out how to work
within those those limits. And do you qualify this way
or do we need to get you qualified a different way.
There's more flexibility maybe in the non collectible status or
partial pay installment. Agree, we just got to work through
all these things to get you to the right program.
Speaker 5 (15:07):
And don't be full. You know the fresh Start.
Speaker 4 (15:10):
Program that you're going to hear that the IRS has
out there, and you get a lot of companies talking
about you know, we all have access to the fresh.
Speaker 5 (15:17):
Start program, and I actually look at the fresh Start.
Speaker 4 (15:20):
Program is an IRS gimmick to get fresh money in.
Let's name it correctly, the fresh money program. The more
money the IRS gets in from you, because your own
money is fresh money, it's their fresh start of getting
you to start paying. And so maybe it's the fresh
(15:40):
Start payment program to get as much money in as possible. So,
you know, we all work within the programs that the
IRS has.
Speaker 5 (15:49):
We just got to have better knowledge than anybody else does.
To get the best deals.
Speaker 3 (15:56):
Bearing from doing your show so long, I've learned so much,
and I got to tell you it really bothers me.
Speaker 5 (16:03):
There's a lot of.
Speaker 3 (16:04):
These national commercials about fresh Start, and I know they're
giving bogus information. They're painting this picture that it really
isn't true. Barry and I noticed a lot in the
national companies promoting the fresh Start program.
Speaker 4 (16:23):
Yeah, there are some companies out there that act like
it's their own program, that yes, this fresh Start program. Well,
we all have the fresh Start program. And again it's
the IRS's way of saying, hey, you can qualify in
many different ways for different programs, and it's to help
(16:43):
get you a fresh start. But again, like I said,
it's fresh money to.
Speaker 5 (16:48):
The i RS. It's what they're really looking for.
Speaker 4 (16:51):
They misname of the program, but they wanted to be
able to sell it. If they would have said fresh
money into the IRS, nobody would ever say that's a
great program. But again, you got you've got to remember
that the whole purpose of the i r S is
to collect money from every taxpayer out there. The whole
(17:13):
reason the i r S is out there is collections.
They are the largest, biggest baddest collection agency you know.
Speaker 5 (17:21):
We say, and you might hear the ads.
Speaker 4 (17:23):
Don't be afraid of the I, R S or whatever.
Be afraid of what the power and the power of
when you ignore them. That the irs it does have
to garnish your wages, level your bank account, put leans
on your property, close your business, you know, you name it.
(17:44):
These guys have the power to do it, but they
use it when you ignore them, and they use it
to get your attention.
Speaker 5 (17:54):
And I'll talk to agents all the time.
Speaker 4 (17:56):
Especially the very experienced revenue officers. They'll say, Hey, you know,
these guys ignored me for you know, way too long,
and I had to do something. Now I have their attention. Well, yeah,
you got their attention enough that they finally picked up
the phone and called us here a taxation solution, and
got the guy that's going to save them on the
(18:17):
phone here with you. Now, let's get some of this
money back because they need it for their wage, making
their payroll. Let's get some of their money back because
they need it to make their mortgage payment. Let's get
this and we will start working with you to put
the right program in place, and hopefully we get them
to an offering compromise or a partial pay install.
Speaker 5 (18:38):
I'm an agreement or incollectible. We got to do something.
Speaker 6 (18:42):
To get that monkey off your back, get that tax
off your back, get the burden off of you and
your spouse so that you can sleep at night.
Speaker 5 (18:53):
You know. That's how we always talk about stress and.
Speaker 4 (18:55):
Sleep, you know, and that's what you lose when you're
sitting there IRS text debt. We also talk about IRIS
letters and some of the letters that people get, and
most people when they get those IRIS letters, don't even
open them, which is just amazing to me because you know, you.
Speaker 5 (19:17):
Already know you got probably owe money, and you've probably
seen it, and it's just growing. I think every time
they send.
Speaker 4 (19:26):
It out, they should send it a little bit thicker
and a little and so that so people that ignore it,
maybe when they finally call us, it's like three inches
thick or something.
Speaker 5 (19:35):
You know, I won't get mad or make it harder
to find, harder to throw into that file.
Speaker 4 (19:43):
So maybe you sitting here at a twelve or twenty
four inch letter that comes in, you can't throw in
the circuit ar file anymore.
Speaker 3 (19:50):
Very where is Orange Texas? I've never heard of the
Orange Texas.
Speaker 5 (19:55):
Orange, Texas. That would be east of us, going to
towards Louisiana.
Speaker 3 (20:01):
Oh okay, so we got Jason from Orange. He wants
to know, he said, I love listening to your show.
He said, I noticed you talk about individual tax people,
but do you handle businesses, which we wrote them back.
You do, But he told me something that we have
(20:25):
touched on before. If you're a business owner, try getting
a hold of the irs and all the time you
spend on hold when you could have Barry Falor handling
that for you.
Speaker 4 (20:42):
Well, absolutely, and we handle business taxes and you know both.
You know the corporate taxes, the payroll tax issues, you
name it, anything twenty two ninety.
Speaker 5 (20:56):
If you're a truck driver, we.
Speaker 4 (20:59):
Will handle those those taxes and back taxes and everything
for you.
Speaker 5 (21:03):
But as a business owner, the last thing you want.
Speaker 4 (21:05):
To be doing is spending your days in the evenings
and stuff when you can be out there making money,
sitting on hold, waiting for the irs or dealing with
the revenue officer that all he wants to do is
collect one hundred percent of it today and you don't
have it. We try to make life a little bit
easier for our business owners that call us with the
(21:26):
payroll tax issues, trying to keep the IRS at bay
so that they're not issuing civil penalties and trust fund
penalties against the owners and managers and people that sign
on the checking accounts of business. If you owe corporate tax,
because maybe your final eleven twenty C court, we handle
(21:49):
those taxes for you as well as well as back
tax returns.
Speaker 5 (21:53):
A lot of people don't realize that. When you go
out and you set up your company.
Speaker 4 (22:00):
If you are an in can get your employer identification number.
If you don't file for s corp status separately with
the IRS, you're now a eleven twenty filer, which is
a C corp.
Speaker 5 (22:13):
And new corporation pays its own.
Speaker 4 (22:15):
Tax, and you're required to file from that first year,
whether you've done business or not.
Speaker 5 (22:21):
People don't read those.
Speaker 4 (22:23):
Letters when they get the employer identification number to see
what they've got to file. Or maybe you did file
for escorp and you didn't really start business yet you
actually had to file from year one as an escorp
even if there was zero activity, you still got to
file those returns. And the same with let's say you're
(22:43):
an LLC and you have multiple partners and you didn't
start operating. You get that ei IN letter. It says
you got to start filing immediately. The same thing with
you when you file for those things. We see people
have put that they're going to start payroll pretty soon.
Well they're required to start filing those payroll forms immediately
(23:06):
almost and with that very first quarter that you're in business,
depending on when you said you're going to start doing payroll,
and so you've got to file these things.
Speaker 5 (23:15):
You've got to know what you're doing.
Speaker 4 (23:17):
And you know, whether you come to US or you
go to another at tax pro out there, one of
the first things they should ask you for is a
copy of that ei N letter to see exactly how
you're set up and what you're doing to keep you
out of trouble from day one, not two or three
years down the road. We just had a company that
called us. Didn't realize the IRS is asking for the
(23:41):
last four years of tax returns, and they thought they
were a single member LLC. But when they set up
and they got their employer identification number and then if
their attorney or whoever said they're am up to the
escort status election where they became an escort but didn't
(24:04):
know they had to file for the last.
Speaker 5 (24:05):
Four years and whoever they hired been filing a schedule.
See got to go.
Speaker 4 (24:10):
Back and amend those and fix those returns to make
them right and go from there. So you know, there's
a lot of different things that happen when you're in
business that falls on your shoulders as a business owner,
and you need a very good consultant to work with you,
especially a great tax person to be able to guide
(24:32):
you through it and find every opportunity to reduce your
taxes through tax planning and using great tax strategies to
making sure that if you do have IRS problems that
you're getting rid of the debt.
Speaker 5 (24:45):
Or you've got to right solution to keep you in
business and not take everything.
Speaker 3 (24:53):
Here's one from Kai got in bel Air. He wants
to you know what kind of tax scams are going on?
Speaker 4 (25:06):
Well, there's a lot of tax scams, Guy uh oh
And and Jason alten Orange, make sure you give us
a call, let us help through your businesses. You've got
tax problems and stuff out there. Meant to mention that.
Speaker 5 (25:18):
To you, Jason, but Hi, there's all kinds of tax scams.
Speaker 4 (25:21):
I mean, the biggest one, right now and you probably
hear it on your cell phone. Okay, so you should
start getting phone calls saying you owe taxes. And you know,
I find them really funny because I get one and
I get to play because I know I don't have
a tax problem. You know, I know what my tax
(25:43):
situation is, and I stay on top of it. But
if you don't know, these guys are trying to scam you.
They're either trying to get you into pay money and
to do a tax analysis to find out.
Speaker 5 (25:54):
If you owe.
Speaker 4 (25:57):
Two tell you hey, maybe it's they're calling and pretending
to be the Interning Areas ERVIS and they now want
to see you couldn't understand the word I just said, right,
that's the way they play it.
Speaker 5 (26:13):
So it sounds like they're calling from the Internal Revenue Service,
but they're not. And then they want you to pay
them money through gift cards or you know.
Speaker 4 (26:24):
Go down to Target and get these cards or Walmart
or wherever you're going to the store and pay them
money as if they were the Internal Revenue Service. Well,
the Internal Revenue Service isn't going to call you and
do collections. They're going to send you letters.
Speaker 5 (26:40):
You may now get in contact with one of them.
Speaker 4 (26:42):
You may get a revenue officer who will send you
any contact letters.
Speaker 5 (26:47):
And everything and then contact you.
Speaker 4 (26:49):
But you're going to see that first before you'll ever
have the phone conversation with them, and so you don't
know who you're dealing with. The the IRS out of
the blue isn't going to pick up the phone and
call you, and so I always you know, hey, if
that's the case, hang up the phone and pick up
the phone and call the IRS and sit down, hold
(27:11):
and ask them. They'll tell you if you know what's
going on and everything out there. So you got to
watch those those things. Those are some of the biggest
scams that are out there that affect you know, every
day people and a lot of times they prey on
the older generation as well, just because you know, they
don't want to have that that text that they have
(27:34):
a huge fear of what's going to happen with the
I R s and their retirement and everything else. So
you know, if you do all money, get in front
of it. That's what we tell people is is pick
up the phone and give us a call, let us
get in front of it and let us head this off.
It at eight seven seven nine ninety six six four
seven seven. And it's a free phone call, it's a
(27:56):
free consultation. Let's you know, talk talk through it with you.
Even if you decide, hey, I don't want to use you,
at least bounce some ideas off of us and talk
to us and we'll tell you what we can do
for you, what kind of situation you're in.
Speaker 5 (28:12):
And you know, should you do it?
Speaker 4 (28:14):
If you've talked to somebody else out there because you
listen to one of the ads and you want to.
Speaker 5 (28:19):
Know the truth, give us a call.
Speaker 4 (28:21):
There are some good companies out there that will tell
you the truth. And there are a lot of good
companies that will just sell you whatever you want to hear.
As I call it, it's the pipe dream. You know, hey,
you know if you do this, you're going to win
hundreds of millions of dollars. Or if you see the
scams out there of trading stock and if you buy
(28:44):
this stock, you're going to make millions of dollars. Well,
you know, hey, everybody wants to make money and get
rich quick. Everybody that has a tax debt wants to settle.
Speaker 5 (28:54):
For God forbid.
Speaker 4 (28:56):
The penny is on a dollar type of thing, but
you've got to put some reality into it. And that's
what we do, is we're going to inject reality. We're
going to give you hope of what we can do
and how we can say to you how we can
get the I R. S.
Speaker 5 (29:11):
Monkey off your back.
Speaker 4 (29:14):
But you've got to start with that phone call to
us at eight seven seven nine nine six six four
seven seven. Again, it's free call, free consultation. Even if
you decide you're going to use somebody else, at least
talk to us and give us a chance to make
sure that what they're going to do, what they're trying
to sell you on, is really the right thing for you,
(29:37):
because you don't qualify all the time for an offering
compromise or partial pain, installment agreement or non collective status.
Speaker 5 (29:44):
To be honest with you, somebody you are just going
to qualify for installment agreement.
Speaker 4 (29:50):
But we've got to really talk to you and put
reality to what they're selling as well.
Speaker 3 (29:58):
I can't I can wait to read this text that
just came in, Drake. This is from Bill and sugar Land.
He said, I always enjoy your show. You really helped
a good friend of mine get out of their tax problems.
Speaker 5 (30:14):
What tips do you have for newlyweds? Tax Kip, Sorry, well,
the first thing I do is.
Speaker 4 (30:23):
Find a good tax pprayer and enrolled agent is probably
the way I recommended you go out there and do
it that we know the most about tax laws inside
and out, and keep that person as your friend, and
as you continue to go through life, use them as
your consultant. We talked to them many newly weeds and
(30:48):
talk about you know what's happening.
Speaker 5 (30:50):
Sometimes I even tell you if they're self employed, before.
Speaker 4 (30:55):
You get married, make sure they don't have any tax debt,
because a lot of time self employed people will have
more tax debt than anybody else out there because of
the tax burden non self employed individuals. And before you
get into that situation in getting married, we've seen where
(31:15):
somebody's had tax debt that when they were on their
own could qualify for an offering compromise and get rid
of it. And we want to do that before you
get married, because once you get married, even if it's
not his or hurt your significant others tax debt, their
income willcount against the household expenses and so where you
(31:39):
may have the tax debt and be able to qualify
to write off, you know, deduct everything for the house
and everything else for you. Once you put your spouse
in there, his or her income's got account to help
pay for part of those expenses. So we want to
look at every situation that's out there. So if you
do have tax debt and about to get married, talk
(32:01):
to us first before you do it, because it really
hurt and offering compromise we were in the middle of doing.
Speaker 5 (32:07):
We were going to settle for you.
Speaker 4 (32:09):
Know, maybe of what he owed, and now he doesn't
qualify because as fast is making good money and having
to pick up a higher percentage of the household expenses.
But if you don't have that situation, maybe you're w
two having a good tax broke working with you. As
you continue to grow in age, well we'll tell you, hey,
(32:32):
start contributing to this retirement.
Speaker 5 (32:34):
Whether it's roth, whether it's a straight I or a
you know, what do you do as you start to
have children and what do you do for them? All?
Speaker 4 (32:44):
This becomes very valuable to you when you get to
our age, when you get to retirement age. You know,
people talk about putting a small amount of money every
single month into a retirement account, maximize those i ra's
when you're young, and you'll have a lot more money
(33:06):
when you get to retirement age, and you know that
money becomes very valuable. We don't know what's going to
happen with Social Security, Yeah, you know, whether it's this year,
whether it's next year, whether it's ten years or twenty
years down the road. Nobody knows what's going to happen there.
It could be there, it could be in some different form.
(33:30):
Baby boomers are starting to retire and retiring, and that's
a huge generation of people and it's going to take
more and more money coming into the government to continue
to pay those benefits.
Speaker 5 (33:43):
How does the government do that?
Speaker 4 (33:46):
You know, we've got to look at every tax strategy
to reduce the taxes that you.
Speaker 5 (33:50):
As a family are going to pay from day one. Erry.
Speaker 3 (33:57):
You know, one of the things we always talk about
is a lot of people will try talking to the
irs themselves. How many times client that probably thought they
were trying to save money, didn't know about taxation solutions
(34:18):
and try to handle themselves. Tell people problems that that
causes when they try to handle this themselves.
Speaker 5 (34:28):
Well, first off, it causes you heartache.
Speaker 4 (34:33):
And stress of having to answer the questions from the irs.
Speaker 5 (34:36):
The second part of it is is.
Speaker 4 (34:40):
The irs, like I said, is the largest, biggest, baddest
collection agency in the world.
Speaker 5 (34:44):
Not scary of them or anything else.
Speaker 4 (34:46):
Put the fear of God of the irs into you,
and that many people do have. But they have techniques
of asking questions and asking the questions that give them
the answer that they need or want to collect as
much money from you as possible. And that's what their
(35:07):
job is to do, is to find the money, bring
the money into the government. And when you answer questions,
it's like gospel. You know, it's the word of God.
I mean, it is a god an needs truth. It
is what it is. And then you answered it wrong
because you didn't understand the question, and they expect a
(35:30):
lot more.
Speaker 5 (35:30):
From you, or a lot of more money from you.
Speaker 4 (35:33):
And then when you do come back and hire taxation solutions,
tax relief, you know, we've got to go back and
refute what you answered and how you answered it, and
to you.
Speaker 5 (35:46):
Know, sometimes to get that done it is really really.
Speaker 4 (35:51):
Hard and it makes our job really tough. Because you
said you had money in the bank, you said you
had money under the mattress, you said I had coffee
cans of money or gold buried in the backyard. Even
if you didn't mean to answer it that way, or
you said it as a joke, you know, now all
(36:13):
of a sudden, you know the I R S is
is looking for that. And yes, I've had a client
say they had coffee cans of money in their backyard.
Speaker 5 (36:23):
To an I R S.
Speaker 4 (36:24):
Agent and you shake your head and go to you railing.
He is, no, I was just kidding.
Speaker 5 (36:31):
Were you kidding or is it you know serious? Come on, no,
I'm just kidding.
Speaker 4 (36:38):
I was joking. We were I thought we were having
a good time. Well there's not a good time failing
with the I R.
Speaker 5 (36:44):
S when you owe money.
Speaker 4 (36:46):
Come on, now, you know, and getting that refuted is
is something that's, you know, very difficult to do because
you answered a question and they took this gospel and.
Speaker 5 (37:01):
Now they have the notes. I mean they're meticulous in
writing their notes. At times. There are some agents you
go back and say, hey, we had this conversation.
Speaker 4 (37:11):
And they go, no, we didn't, I haven't. I have
my notes of what we talked about. So you know,
you've got to go through and be able to deal
with the irs in the right way. We know how
to answer the questions, and sometimes they ask a question
that we don't want to answer, and I can defer
(37:32):
you can't because you're supposed to know the information me.
I've got to go back to you to get that information.
And a good example of this, and I don't allow
clients to go to meetings with the irs anymore.
Speaker 5 (37:47):
With me.
Speaker 4 (37:49):
Many many years ago, I went into a meeting and
because they summoned the client, I actually had a long
conversation with client before we got there that he was
not to say anything, he would defer directly to me.
Speaker 5 (38:03):
But this revenue.
Speaker 4 (38:04):
Officer and manager was assistent that you know, they've summoned
this guy three or four times and he needed to
be down there. So I said, okay, fine, I'll let
him come this time.
Speaker 5 (38:16):
With me and got down there, and the guy basically
it's just talked over me. And I mean I had
to walk out of there.
Speaker 4 (38:27):
Because he wasn't even stouting the truth and got himself
in further trouble.
Speaker 5 (38:34):
Because he was acting as if he had everything under
the sun.
Speaker 4 (38:37):
And then his one truth that he did say he
was transferring equipment to his mother's.
Speaker 5 (38:42):
So good luck finding it. Wow. You know, sometimes having
somebody that's on your side and listening to him is
what's the most important.
Speaker 4 (38:54):
Thing out there. When we tell you don't talk to
any IRS agent out there, we're serious about it. You
get our business card and get our number. And as
soon as you have that, and you're a client of ours,
if the revenue officer that maybe you've been dealing with
yourself and now we're dealing with and we stepped into
(39:15):
your shoes because we have the power of attorney, you
just give them our phone number in our name and
tell him to call us and hang up the phone.
Speaker 5 (39:23):
You don't have to say anything more zero nine, and
we don't want you to. That's it.
Speaker 4 (39:29):
The only number they get is eight seven seven nine
ninety six six four seven seven, and we give you
a hotline actually once you're a client of ours, but
you know, we give out the number and that's what
you give to the IRS agent as a client of ours,
and we deal with it from there.
Speaker 5 (39:46):
Don't say anything else, just be quiet and hang up
the phone. That's how simple it is. And that's how
much stress we take off of you. I mean, how
nice is it? You know, when you got this phone
here and you're talking to that revenue as just be
able to go done.
Speaker 4 (40:05):
I don't have to deal with this anymore, mister Fowler
over taxation Solutions dot net got us covered.
Speaker 5 (40:12):
That's that's the easy part, and you smile while you
do it. That's a good part too.
Speaker 3 (40:20):
Stu and Conro wants to know how does the IRIS
decide what taxpayer they're going to audit.
Speaker 5 (40:31):
Well, see, that's a good question.
Speaker 4 (40:33):
Now, the audit rates out there are still relatively low.
If you are self employed, honestly, they think that you
are lying, cheating, and stealing from them. If you're running
an s corp or partnership out there, they think that
(40:54):
you're probably a little bit more honest.
Speaker 5 (40:57):
I don't get the difference sometimes. So usually if you
are self.
Speaker 4 (41:03):
Employed and you're taking deductions that are outside of the norm,
or continue to have losses year after year and don't
see any improvement in your business, they could.
Speaker 5 (41:15):
Pull you for audit.
Speaker 4 (41:18):
But you know, you've kind of got to look at
the tax return and see what's out there. If you're
self employed. Out there, they're also looking for round numbers.
Speaker 5 (41:32):
What I mean by.
Speaker 4 (41:32):
Round numbers is every deduction ends in zero zero zero
or zero zero. You know, it's almost impossible to go
out there and do bookyping for a company and have
every single number be one thousand, one hundred, five thousand,
two hundred six thousand, those even.
Speaker 5 (41:56):
Round numbers that are out there.
Speaker 4 (41:58):
It gets people in trouble. The other thing is unscrupulous
tax prepayers. See there's a lot of tax preprayers out
there that all their job they think is is to
get you a refund, whether it's right or not. We've
seen it where people have just decided somebody's in business
(42:22):
and puts a schedule ce on somebody's return, and because
you've got a huge refund, you said, I dono cares
and the tax pro goes. I've never had anybody audited
from this, and I do this all the time. But
those are the kind of things that can get you
in trouble. If you're a W two employee and all
(42:45):
of a sudden you're now itemizing and have huge charitable
contributions or huge amount of medical expenses, that gets you
over there. Or maybe they've put in deductions for large
mortgage interest that you did to pay. Those things get matched,
(43:05):
like mortgage interest will get matched to the IRS database
because they received information leaving things off your tax return
like ten ninety nine for gambling winnings for a w twog,
a ten ninety nine miscellaneous, ten ninety nine for rental income.
Speaker 5 (43:24):
Leading those things off will get you audited as well.
Speaker 4 (43:27):
Now, a lot of times it's just a correspondence I
did it, saying hey, this is missing or whatever. But
other times they're full blown audits where they want to
look at everything on you. And when they do that,
hopefully you have meticulous records that can support it, because
you're gonna need that. I will say something that I
(43:47):
saw here. You know recently, a truck driver they're tax prepair.
Speaker 5 (43:54):
Not only took depreciation on the tractor that they bought
the semi truck, they took mileage on it.
Speaker 4 (44:05):
They took a fuel expense on it, and took repairs
on that same same vehicle.
Speaker 5 (44:13):
So that will get unmodited.
Speaker 4 (44:16):
Those things can't happen on the tax return. You can't
take mileage and actual expenses and depreciation. You're either going
to take one or the other. But it's a semi truck.
You're taking actual expenses and depreciation. You're not taking mileage
on that. That is equipment used in the business.
Speaker 5 (44:34):
Not your personal vehicle.
Speaker 4 (44:37):
Large mileage deduction, and they'll ask to see that mileage log.
Make sure you have a mileage log for your personal
vehicle that you use in the business as well.
Speaker 5 (44:48):
But good question. Yeah, hey, Barry, what help people?
Speaker 3 (44:53):
The percentage of these letters that the IRS sends out
saying how much you owe?
Speaker 5 (45:00):
What percent of those are usually wrong? The numbers, well,
you know, it really varies.
Speaker 4 (45:10):
We will say, if you haven't filed a tax return
for a number of years, those are generally going to
be wrong. Those are generally off a substitute for tax returns.
If you what's that because they don't know your right offs. Yeah,
they don't know your right offs. They don't know how many.
(45:30):
They may know how many kids you have, but they're
not going to give them to you. They may know
that you're married, they may not file it that way.
They may file it as single and or they you know,
maybe they file it married, file separate.
Speaker 5 (45:42):
You know. Those those are the things that they do.
If you've been.
Speaker 4 (45:45):
Filing your tax returns, generally those will be right unless
you've maybe gone through an audit, didn't have good representation
like from US and we do. Do you know speak
assumed camera. If you were going through an audit.
Speaker 5 (46:00):
You can call us. We do represent people in audits
as well, so you know we we help you through that.
Speaker 4 (46:08):
So if you've already filed in your W two, it's
a small percentage of them that are incorrect.
Speaker 5 (46:14):
So each situation varies.
Speaker 4 (46:17):
To put a number on it, it's really hard because
we look at it in each category as opposed to
looking at it overall out there. But again, if you're
going through an audit, you know, hey to pick up
a phone and call us at eight seven seven nine
ninety six six four seven seven love to help you
through your audit. We've saved many people that have gone
(46:38):
through audits. And even if you have gone through an
audit and you didn't provide them any supporting documents and
lost the whole thing, we're very good at going back
and do an audit reconsiderations and getting the IRS to
reconsider that audit and get you back to your real numbers.
Speaker 5 (46:58):
We've got a few minutes off that.
Speaker 3 (47:00):
This is probably the most important question I've asked is
why if I have a tax problem, I haven't filed,
I owe taxes, why should I hire Taxation Solutions.
Speaker 4 (47:14):
Well probably I would say I'm the best of the business.
Speaker 5 (47:16):
Uh. You a lot of experience.
Speaker 4 (47:19):
But the reason you hire Taxation Solutions is we have
a good track record following through with what we say
we're going to do, helping you, staying in communication with you,
keeping you informed of everything that is going on. We
need your help, so we can't do it alone. We
(47:40):
can't make up numbers.
Speaker 5 (47:41):
We're not going to make up numbers. We're going to
help you through it and guide you down the way.
Speaker 4 (47:46):
Yeah, there are sometimes we can go back and we
can use national averages and you know, things that typically
happen in a business, But we want to get to
the actual numbers to get that down as far as possible.
Speaker 5 (47:58):
For you if you have been filed.
Speaker 4 (48:01):
If you have filed, we're the ones they're going to
be able to go out there and fight the irs
and give you something realistic that you can actually hold
on to sink your teeth into.
Speaker 5 (48:13):
Be honest with.
Speaker 4 (48:14):
Us, and we are going to be honest, sometimes brutally
honest of what we can do or anybody can.
Speaker 5 (48:21):
Do for you.
Speaker 4 (48:22):
Many many people have called us and we've been honest
with them and brutally honest and told them, hey, this
is what you qualify for. But they got the pipe
dream from somebody else and they went there. They call
us back and go, these guys can't do or have
it done what they said.
Speaker 5 (48:35):
They could do. I told you they couldn't do that.
This is what you're going to get. Let's let's get
this going the right way and get it done.
Speaker 4 (48:42):
And that's just one of our clients. We did that
for this week that you had called us a few
months ago and said, hey, this guys haven't done anything
for us.
Speaker 5 (48:50):
Haven't gotten anywhere. Well, we're putting a solution in place
for him.
Speaker 4 (48:54):
And the guy went, hey, we've had more professional communication
with you over the last you know, three weeks than
we had with them for six months. How can this
be what we do business differently. We're here to help
you and guide you and take the burden off of you.
But again, it only starts with a phone call. As
you and I know, I can't do anything unless you
(49:15):
pick up the phone and call us. We don't make
out my phone calls until you've contacted us. And that's
eight seven seven nine ninety six six four seven seven
or taxation Solutions dot and net and you can catch
this program on YouTube right and time.
Speaker 3 (49:29):
Yes you YouTube bearis.
Speaker 5 (49:33):
With us every month, very.
Speaker 3 (49:36):
And I apologize to people who wrote us questions in
uh this show is.
Speaker 5 (49:41):
Never long enough.
Speaker 3 (49:43):
Barry, thank you so much and we'll see you again
next month as.
Speaker 5 (49:48):
Do it as always. Thank you.
Speaker 4 (49:50):
I appreciate everything and ask the experts and any questions
send them our way.
Speaker 5 (49:54):
Love you, bro.
Speaker 3 (49:56):
That's very Falor Taxation Solutions. That's it for us today.
We'll be back again with you next month, next week.
I'm sorry next month. Be back with you next week.
Speaker 5 (50:07):
Thank you, Rebel. We'll see you all down the road.
Speaker 2 (50:11):
Thanks for tuning in today to the Ask the Expert
Show on W FOURCY Radio and Talk for TV. Tune
in next week and every week to hear more from
our experts on personal injury, insurance, air condition repairs, estate planning, medicare,
and many other topics in the areas of legal, health,
(50:31):
financial and home improvement. See you next week.
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