Eliminating IRS Penalties Simplified
In this video, we discuss common issues faced by individuals dealing with IRS penalties and interests, and explore ways to abate (eliminate) these penalties. The first method covered is the 'First Time Penalty Abatement', which is almost automatic if you haven't incurred penalties in the past three years. Alternatively, you can request this by calling the IRS or submitting Form 843 in writing. The second method discussed is 'Reasonable Cause Penalty Abatement', which requires a strong justification for failing to pay or file taxes on time, such as illness or other severe circumstances. We emphasize the importance of supporting your request with ample documentary evidence. For further information, visit getirshelp.com.
00:00 Introduction to IRS Penalties and Interest
00:23 First Time Penalty Abatement
00:45 Requesting First Time Penalty Abatement
01:50 Reasonable Cause Penalty Abatement
02:30 Challenges and Documentation for Penalty Abatement
03:05 Conclusion and Additional Resources
23
views
Understanding Separation of Liability (IRS Innocent Spouse) | Protect Your Finances
Hey fellow taxpayers! 📣 Want to stay updated on how you can protect yourself from unfair tax liabilities? In this video, we jump into the world of Separation of Liability, better known as IRS Innocent Spouse. We'll unveil the crucial differences between Joint and Separate Filings and their implications on your financial well-being. Stay tuned as we unveil expert tips and resources to safeguard your hard-earned money and gain peace of mind when dealing with IRS matters! #TaxLiabilities #ProtectYourMoney #IRSInnocentSpouse
13
views
Taxpayer saves over $230,000 in IRS audit
Prepare to be amazed as I recount the incredible journey of a client who faced a daunting audit from the IRS in this captivating video. With a demand of $373,930 hanging over their heads, the client confidently asserted that their books and records were impeccable. However, as the story unfolds, we uncover the surprising truth. But fear not, because I'll guide you through the steps we took to settle the case for a mere $142,999, resulting in an astounding savings of $230,931! Join me as I shed light on the importance of holding the IRS accountable and discover the power of perseverance. #IRSaudit #TaxResolution #FinancialVictory
23
views
How to get your IRS transcripts online for free
Dealing with IRS tax issues can be a real headache, but fear not! In this video, I'll be sharing a game-changing tool with you - IRS transcripts. I'll guide you through the entire process of obtaining these transcripts directly from the IRS. It's a must-watch if you want to tackle your tax problems head-on! #taxhelp #IRStranscripts
6
views
Have an IRS Wage Levy? You need to know about IRS Publication 1494
Check out this new video that explains everything you need to know about IRS form 1494! If you've recently had an IRS wage levy, you definitely want to understand how this form works. This video breaks it down in simple terms so you can easily grasp it. Say goodbye to confusion and hello to clarity! #IRSForm1494 #WageLevy #TaxHelp
3
views
What are Capital Gains & why do you need to know about them?
In this engaging video, we delve into the world of capital gains. Discover the ins and outs of this financial term, including the key differences between long term and short term capital gains. Not to mention, we'll unravel the question on everyone's mind: which of these gains is more desirable? Tune in to gain a crystal-clear understanding of capital gains and enhance your financial literacy.
3
views
Where is my tax refund?
Dealing with a delayed tax refund can be frustrating, but don't worry, we've got you covered! In this video, we share expert advice and practical solutions to help you navigate the situation. From understanding the potential causes of the delay to exploring proactive measures, we provide a comprehensive guide to getting your tax refund back on track. Stay tuned to discover valuable tips and tricks that will empower you to take control of your refund process. #DelayedTaxRefund #RefundResolution #FinancialEmpowerment
10
views
Should you lie to your lawyer?
Discover the complexities surrounding the question of whether lying to your lawyer can have long-term advantages or disadvantages in this captivating video. Join us as we navigate through the ethical implications and consequences of dishonesty in the legal system. By examining real-life scenarios and expert opinions, we aim to uncover the truth behind this controversial topic. Tune in to gain a deeper understanding of the importance of honesty when seeking legal counsel. #EthicalDilemma #LegalConsequences #TruthInLaw
5
views
As a small business owner can I use my personal checking account for everything?
Calling all small business owners! 🏢💼 If you're managing your business transactions through your personal checking account, this YouTube video is a must-watch. 💰🚫 We delve into the reasons why this practice can lead to significant financial consequences down the line. 💸📉 Join us as we shed light on the risks and drawbacks of mixing personal and business finances, and empower you to make informed decisions. 💡💪 Discover alternative approaches that can safeguard your financial stability and help you avoid unnecessary expenses. #SmallBusinessOwners #FinancialConsequences #BusinessFinances
1
view
What is Basis and What do you need to know about it
http://getirshelp.com Nationally recognized Tax Attorney Darrin T Mish explains the concept of basis and why it is important to know your basis for income tax purposes.
19
views
The case of the doctor who predicted the pandemic only to be audited by the IRS
http://getirshelp.com In this video Tax Attorney Darrin T. Mish tells the story of the doctor who predicted the Covid 19 pandemic. The IRS didn't believe him and audited him. This is the story about how we fought back and won!
12
views
I owe the IRS $14,000, can I settle for $4,000?
http://getirshelp.com In this video, I answer a question from our facebook page, where the visitor owes $14,000 and wants to settle for $4,000. Can she do that? The answer may surprise you.
3
views