Avoid Tax Audits in 2023 | Ep. 34

King & Flacs speak with IRS Enrolled Agent LaBena Oatis!
LaBena provides some crazy insight on what an Enrolled Agent is, new policies with the IRS and the U.S. Treasury Department and most of all ways to stay organized and tips to avoid getting audited by the IRS!

00:00 - Intro
01:39 - LaBena Curtis, Enroll Agent Intro
02:46 - Less than 10% of Enrolled Agent are people of color
04:56 - Career change to Figure Shxt Out
06:22 - In Trouble with the IRS
16:22 - Not Paying taxes hurts building wealth
18:35 - Things IRS wants for an Audit
21:24 - A bank statement is not a receipt
28:49 - 19yrs old file bankruptcy & still bought a house
35:05 - Bought house 3yrs after bankruptcy
37:43 - First Encounter with Black Wealth
44:25 - Difference between the poor & the Wealthy
47:05 - You don't have to focus on 1 thing in business
50:04 - Bank Shut my payment processor down for making too much money
52:39 - Not Afraid of IRS, Credit Bureaus, Collection Agencies
54:40 - Gave Plasma to make ends meet before my success
58:32 - Threshold when you should use tax strategy

For more info on the podcast visit https://www.figuringshxtout.com

Follow LaBena on Tik Tok for more tax tips @taxqueen1040