Tax Man, Tax Relief Podcast
Welcome to The Tax Man, Tax Relief Podcast that helps guide you through the process of resolving your tax debt, taking overall communication with the IRS or the state and finding the best possible outcome for your situation, with your host, CPA, Jonathan Donenfeld.
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EP86: 3 Steps to Resolve Your Back Tax Issues
04/09/2024
EP86: 3 Steps to Resolve Your Back Tax Issues
When someone approaches me with a back tax problem, we follow a simple three-step approach to find a resolution. The initial step, which I like to call 'stop the bleeding,' involves assessing their accounts, determining what filings are necessary, and quantifying the amount owed. Once we have a clear understanding of the situation, we move on to the second step: finding the solution. We explore various possibilities like an offer in compromise, partial payment, or penalty abatement. There are plenty of options available to tackle the problem effectively. However, the third step holds utmost importance, which I consider the key to long-term success. It involves developing a plan for the future. Solving the immediate issue is crucial, but it's equally vital to address the root cause. If you continue with the same habits, you'll likely end up facing a similar situation next year, and that's not what we aim for! Our goal is a permanent resolution, which is why we focus on planning to help you avoid repeating the same mistakes in the future. If you find yourself dealing with a complex tax issue, fret not! JLD Tax Resolution Group is here to lend a hand. Feel free to schedule a complimentary consultation by calling us at 201-479-2572 or visiting our website www.201tax.com.
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EP85: Resolve Your Tax Troubles ASAP
04/02/2024
EP85: Resolve Your Tax Troubles ASAP
Many individuals I come across often feel scared and embarrassed about their tax problems, but let me assure you that you are not alone. Countless people experience issues with the IRS. There are various reasons why these problems arise, such as family circumstances, medical emergencies, divorce, business setbacks, or even receiving poor advice or not planning appropriately. Falling behind on taxes can easily happen to anyone, and it doesn't make you a bad person. The crucial part is to take action before the situation worsens and becomes overwhelming. Unfortunately, many individuals tend to let it go, leading to a snowball effect that only exacerbates the problem. If this resonates with you, it's time to stand up and prevent it from escalating any further, allowing yourself to move forward with your life. Let’s help you get your tax issues resolved with ease! Call us at 201-479-2572 or visit .
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EP84: Your IRS Problem Solver Is Here
03/26/2024
EP84: Your IRS Problem Solver Is Here
Hello, I'm Jonathan Donenfeld, the President of JLD Tax Resolution Group. I started my own business in 2015 with a focus on helping other small business owners resolve their tax problems. As a business owner myself, I understand the struggles and the overwhelming nature of dealing with the IRS. Many business owners lose sleep, worrying about the IRS instead of dedicating their energy to improving their business. That's where I come in! I genuinely enjoy helping people find solutions to their IRS problems. Witnessing the relief they experience once the ordeal is over is incredibly rewarding – it's like a huge weight lifted off their shoulders. That's why I am passionate about what I do. I take pride in the fact that we have assisted thousands of taxpayers, saving them tens of millions of dollars. Each achievement brings me joy and motivates me to continue this path. Thank you for taking the time to watch my video. To ensure you don't miss out on future content, please click and subscribe. We are always here, ready to assist you. Schedule a free consultation by calling 201-479-2572 or visit our website at www.201tax.com.
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EP83: Tax Advisory | JLD Tax Resolution Group
03/19/2024
EP83: Tax Advisory | JLD Tax Resolution Group
Do you know that the IRS is primarily hiring individuals for three key positions? Firstly, they're bringing in people to conduct audits on partnerships. Secondly, they're hiring auditors for s-corp businesses. Lastly, they're also recruiting revenue officers who will focus on pursuing individuals and companies with unpaid taxes. In order to enhance their operations, the IRS is investing in advanced training. They're expanding their team with more lawyers, CPAs, and seasoned professionals, aiming to build stronger and more comprehensive cases. Now, what does this mean for you? Well, it implies an increase in business audits. Hence, the IRS is adopting a more assertive approach, so it's wise to be proactive and prepared. You can watch ▶ Tax Advisory to learn more about this topic. AND Let’s help you get your tax issue resolved with ease! Call us at 201-479-2572 or visit .
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EP82: Tax Resolution Tips
03/12/2024
EP82: Tax Resolution Tips
Handling an audit and responding to the IRS are crucial steps that require attention. Typically, the IRS will provide you with a list of requested items and the scope of the audit. It is essential to carefully assess what you have and determine what is accurate, incorrect, or improperly filed. Based on this evaluation, you can craft your response accordingly. Consider avoiding having the person who prepared your tax return represent you in an IRS audit. The reason behind this advice is quite simple: if there happens to be an error in your tax return, the person handling it might hesitate to admit their mistake, and could even try to hide it. They might prioritize their own interests over yours, which is not what you want. Hence, I strongly suggest seeking a second opinion if you find yourself being audited. Ensure that whatever information or documents you provide to the IRS are truly in your best interest. Don't rush to give them anything until you are absolutely certain it will benefit you (not the other way around.) Take care and protect your own interests when dealing with taxes and audits. Want to discover more and catch some valuable Tax Resolution Tips? WATCH ▶ Tax Resolution Tips If you're facing a complicated tax issue, don't worry! JLD Tax Resolution Group is here to assist you. Schedule a free consultation by calling 201-479-2572 or visit www.201tax.com. Let us help resolve your tax problems with ease!
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EP81: What is a Partial Payment Installment Agreement? (PPIA)
03/05/2024
EP81: What is a Partial Payment Installment Agreement? (PPIA)
Have you heard of the Partial Pay Agreement? It's a little-known yet fantastic way to save a ton of money with the IRS. We refer to it as the back door Offer in Compromise. The great thing about it is that it's much easier to get accepted and involves way less paperwork. Plus, it takes into account your assets to a lesser extent, making it a truly effective program. Over the years, we've managed to save our clients millions of dollars through this option. If you're curious and want to learn more, don't hesitate to give us a call. I'd be more than happy to guide you through it. Schedule a free consultation by calling 201-479-2572 or visit our website at www.201tax.com. ▶ What is a Partial Payment Installment Agreement? (PPIA)
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EP80: Understanding the ‘Back Door’ Offer in Compromise
02/27/2024
EP80: Understanding the ‘Back Door’ Offer in Compromise
Why is the Partial Pay Agreement with the IRS referred to as the 'back door' Offer In Compromise? The reason behind this is simple - it has proven incredibly effective in allowing you to settle your tax liability for less than you owe. Unlike the offer In compromise - a partial pay agreement is relatively easier to have accepted. It saves you time and reduces the amount of paperwork involved. Many people are attracted to the idea of an offer in compromise due to its popularity on the internet, radio and TV. However, not everyone qualifies for it. On the other hand, more and more people are finding that they do qualify for the Partial Pay Agreement, making it a fantastic option. Over the years, we've managed to save our clients millions of dollars through this option. If you're curious and want to learn more, don't hesitate to give us a call. I'd be more than happy to guide you through it. Schedule a free consultation by calling 201-479-2572 or visit our website at www.201tax.com.
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EP79: Crypto & The IRS
02/20/2024
EP79: Crypto & The IRS
Have you recently received a letter from the IRS regarding a proposed adjustment of your income? Wondering how to handle it? It's important to demonstrate the accurate cost basis for your stock or crypto purchases. The best approach is to submit an amended return through the appropriate channels. Even if you don't owe the tax, failing to address this adjustment may lead to the IRS charging you for the perceived gain. If you're seeking guidance in resolving such obligations, the friendly professionals at JLD Tax Resolution Group are here to assist you. Book a free consultation by calling 201-479-2572 or visit us at www.201tax.com for more information.
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EP78: Why Lawyers Have Tax Problems
02/13/2024
EP78: Why Lawyers Have Tax Problems
Many lawyers work for themselves, especially if they are a partner or own their own firm, and their income can vary greatly. Like many other self-employed individuals, they often struggle to withhold enough money for taxes. Issues also arise when lawyers want to maintain a certain image and lifestyle, resulting in high personal expenses and falling behind on their taxes. It is crucial to address these tax matters promptly since the IRS tends to target professionals like lawyers who fail to fulfill their tax obligations. [WATCH] Why Lawyers Have Tax Problems ▶ https://youtu.be/bVLDCX7yvbc Be proactive! JLD Tax Resolution Group is here to make your complex tax problems easier to handle. You can easily schedule a free consultation by calling 201-479-2572 or visit our website at www.201tax.com.
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EP77: IRS Increased Funding
02/06/2024
EP77: IRS Increased Funding
It has been a little over a year since the Senate approved IRS funding of $45.6 billion for enforcement. And what we have noticed is that the IRS has made hiring more higher-level professionals a top priority. It seems like they are determined to recruit additional accountants, lawyers, and experts with advanced knowledge. This will enable them to conduct audits on a larger scale, focusing on high net worth individuals, businesses, partnerships, and S corps. To gain a deeper understanding, watch the full video! At JLD Tax Resolution Group, we specialize in helping individuals overcome complex tax problems with utmost ease. If you're facing any tax-related challenges, we offer a free consultation to discuss your situation. Feel free to schedule your appointment by calling us at 201-479-2572 or visit our website at www.201tax.com.
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EP76: The IRS Focus
01/30/2024
EP76: The IRS Focus
The IRS is targeting many self-employed individuals who earn six figures or more. It's interesting to note that we're witnessing an increase in audits for small business owners who file Schedule C and fall into the same income bracket. Among those being audited by the country’s tax bureau are professionals like doctors, lawyers, real estate brokers, and financial advisers, who typically do not maintain proper records. It's hard to believe, but many of them make mistakes on their self-prepared tax returns. As a result, the IRS is finding these cases highly lucrative and worthwhile to pursue. If you're facing a complex tax issue, don't worry! JLD Tax Resolution Group is here to help you navigate through it with ease. Schedule your free consultation by calling 201-479-2572 or visiting .
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EP75: Offer In Compromise vs. Partial Pay Installment Agreement
08/22/2023
EP75: Offer In Compromise vs. Partial Pay Installment Agreement
A lot of people want to do an offer in compromise (OIC) but are not qualified to get one. But in fact, it is much easier to qualify for a partial pay installment agreement (PPIA) than OIC. There are two things to consider before doing either an OIC or a PPIA. First, know your income and expenses and assets and liabilities. Second, check when your tax debt expires. If your tax debt is expiring soon, do not go for an offer in compromise because it can extend the time for the IRS to collect. Know your CSED, expirations dates, income and expenses and assets and liabilities before applying for an OIC. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP74: How To Get Your 75% Civil Fraud Penalty Removed
08/15/2023
EP74: How To Get Your 75% Civil Fraud Penalty Removed
The IRS only issues a civil fraud penalty when they are certain you owe tax and can prove your intent to fake an expense, a dependent, or a business in an audit. When you are charged with a civil fraud penalty, you should not fight against it. Instead, focus on getting it removed because it will cost almost the same amount as the tax. Tell the assigned agent that you agree to the tax assessment if they agree not to assess the civil fraud penalty. This method has allowed us a lot of significant penalty abatement. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP73: When To Appeal Your Tax Audit
08/08/2023
EP73: When To Appeal Your Tax Audit
We go to appeals on almost all of our tax audits. This is because you normally get a better deal when you file an appeal to tax court. What happens when you appeal is that the case goes to a settlement officer that will settle the case before it goes to tax court, which the IRS dislikes. Cases in tax court involve more time and money and judges do not usually take these cases. Even if you don't have any documentation, it is highly recommended to appeal and state that you are going to tax court. Simply ask for penalties to be removed. Take note that the IRS charges interest on penalties as well. Oftentimes, appealing your tax audits will get you a substantial reduction on both the penalty and the interest. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP72: Lien Removal
08/01/2023
EP72: Lien Removal
Getting your lien removed is possible. If the IRS placed a lien against your account, you need to decrease your tax debt to under $25,000. Then, get into a direct debit installment agreement (DDIA) for the remaining balance. After three payments in your DDIA, apply for lien removal. Let’s say your property has a lien. If you are trying to refinance your mortgage to get a better rate, apply for a lien subordination. However, the IRS will only grant it if you were going to pay them more money. For example, if the lower interest rates will reduce your payments to the IRS, they will want you to increase your monthly payments. Another possibility is that they will ask you to pay down a significant portion of your tax if it’s a cash-out refinancing. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP71: Partial Pay Installment Agreement
07/25/2023
EP71: Partial Pay Installment Agreement
A partial pay installment agreement (PPIA) is what some call the “backdoor offer in compromise.” This involves not paying your tax liability in full. For most people, a PPIA is a much easier way to get a settlement with the IRS than an offer in compromise (OIC). The reasons include the less time needed to process, the fewer assets it takes into account, and how much easier it is to qualify for. Remember not to settle for an OIC. Always look out for all options. A PPIA can be a great way to get a good settlement with the IRS, saving you tens or even hundreds of thousands of dollars. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP70: What is a Revenue Officer?
07/18/2023
EP70: What is a Revenue Officer?
A revenue officer is an agent responsible for collecting revenue for the IRS. Their goal is to get as much money as possible. These officers have the power to levy your bank account and garnish your wages. When a revenue officer is assigned to your case, they will send you an initial document request (IDR). They will ask for bank statements, pay stubs, and a filled-out form 433A, or for business owners, form 433B. With these documents, the revenue officer will identify how much you can pay. They may want a large down payment or try to borrow against your assets. It's important that you submit your information to the revenue officer in the most advantageous way for you. The data you provide will be used by the IRS to determine what they think they can collect and what settlement offers you qualify for. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP69: What to Do If You Owe Back Taxes: Our 3 Step Process to Permanently Resolve Your Back Taxes
07/11/2023
EP69: What to Do If You Owe Back Taxes: Our 3 Step Process to Permanently Resolve Your Back Taxes
You can resolve your tax issues in three steps. The first step is called the “stop the bleeding” phase. If you have back tax issues, it is possible the IRS has collections pending against you, a revenue officer, potential bank levies, and wage garnishments. Control the damage as much as possible by getting a hold of your account. Get in contact with the assigned agent for your case. Check any outstanding balances to avoid the IRS draining your bank account. The second step is the resolution phase. Together with your trusted accountant, create a customized plan to resolve your back tax issues. Consider your income, expenses, assets, liabilities, existing liens, a passport that needs reinstating, or even your home ownership plans. For business owners, your business and other assets will also be looked at. Your plan must deal with all issues that are most important to you. The third step is the “planning for the future” phase. The goal is to prevent the same tax issues from happening again. Once more, your income and expenses will be considered. The future plan could involve a simple change, such as paying yourself a salary, making estimated payments, an improved bookkeeping entity structure, or better spending habits. You want your business to have space to thrive and be successful, and tax issues should not get in your way. Having a future plan will help you achieve that. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP67: IRS vs High Networth Individuals
07/04/2023
EP67: IRS vs High Networth Individuals
According to the IRS, a high-net-worth individual is one who makes over $100,000. They have a special department that looks into these individuals with unfiled tax returns. For businesses, the IRS considers gross revenue. If a business has $200,000 worth of revenue after expenses and only $50,000 of income, it is still considered high net worth. One of the biggest issues preventing people from dealing with unfiled taxes is unorganized books and lost receipts. There are a few simple ways you can get your tax returns done, even if your books are a mess. Get all of your bank statements, both personal and business. List down your business income deposits and add them up. The total is your gross revenue. If you are unable to get all of your expenses due to being in different accounts, use the biz standard method. Whether you are a contractor or a restaurant, each industry has different business standards. Take them as criteria in identifying your expenses. This IRS-approved method helps you put your taxes in order, especially for older businesses that urgently need to comply. JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.
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EP66: What Does the IRS Look for When Auditing a Small Business?
06/27/2023
EP66: What Does the IRS Look for When Auditing a Small Business?
What Issues Are the IRS Looking for When They Audit Small Businesses? If you happen to be an S Corp, they'll be taking a closer look at your shareholder compensation. If your salary is unreasonable or too low, they might flag you for not paying enough Social Security or Medicare taxes. They'll also check that you're correctly filing and paying employment tax for your employees, ensuring everyone gets the correct forms like W-2s or 1099s. That's another issue. We're also seeing a focus on travel and entertainment expenses. These are the three main issues you may overlook inside your business that are getting the IRS’ attention. Get all your receipts in order and be mindful of the following details to avoid getting audited. Watch this video: What Does the IRS Look for When Auditing a Small Business? https://youtu.be/wZ6SxpRAE5M Get tax planning help TODAY. Request a free consultation at 201-479-2572 or visit https://fal.cn/3xbM9.
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EP65: Passport Revocation
06/20/2023
EP65: Passport Revocation
We've noticed quite a few taxpayers receiving letters from the IRS lately, specifically a CP508. This notice is typically sent out when the IRS is certifying your tax debt, usually if you owe $50,000 or more - but in 2023, that threshold will be $59,000. Essentially, the notice will inform you that the State Department can no longer issue or renew a passport due to your outstanding tax debt. If you have an outstanding passport, they can revoke it as well. This is a tool that the IRS is being much more aggressive with. So if this happens to you, what you need to do is you need to get into a payment plan or submit an offer offering compromise or currently not collectible status immediately. Doing so can help you get out of this sticky situation. Keep in mind that before you can enter into that, you need to be in compliance with the IRS, meaning you need to have your last six years of tax returns filed as well. So if you have a trip planning out of this country and you have tax obligations, make sure that you are compliant and in some type of arrangement because otherwise your passport will be revoked. Let’s help you get your tax issue resolved. Call us at 201-479-2572 or visit . #irs #passport #taxhelp
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EP64: IRS Update | Hiring Agents
06/15/2023
EP64: IRS Update | Hiring Agents
Hey there, it's Jonathan Donenfeld from JLD Tax Resolution Group, and I have news to share regarding the recent hiring of new IRS agents. From what we've gathered, the IRS has brought on roughly 10,000 agents. These agents are mainly divided into two groups - one focused on providing uplevelled customer service, while the other concentrates on collections and enforcement. What should we expect with this latest development? On the collections and enforcement side, we're seeing them focusing on small businesses, mainly S Corps and LLCs. The issues that they're focusing on are payroll taxes and shareholder compensation, meaning they're looking at S Corps where owners are not taking salaries. They're looking at businesses that aren't paying payroll taxes, Social Security and Medicare tax. If you have outstanding tax issues, make sure you get your on file tax returns filed. If you have outstanding liabilities, make sure you work out a payment arrangement or look to do a settlement because revenue officers are now being assigned to go after small businesses, and they're not messing around - they may resort to bank levies and wage garnishments. Keep your nose clean and your taxes in order! Need tax planning help? Request a free consultation at 201-479-2572 or visit https://fal.cn/3xbM9.
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EP63: The Tax Strategy that Wealthy People Use
05/16/2023
EP63: The Tax Strategy that Wealthy People Use
Many ask what a proven and effective strategy is to build wealth and minimize taxes. The number one strategy that many savvy investors utilize is the Buy, Borrow, and Die method. This approach involves purchasing appreciating assets, such as real estate, and leveraging them through borrowing. The beauty of this method is that the borrowed funds are not subject to taxation, and any capital gains from the eventual sale of the asset can be deferred through various methods like 1031 exchanges. As a result, numerous wealthy business owners have been able to amass fortunes while minimizing their tax exposure. Watch this video: The Tax Strategy That Wealthy People Use --------------- Need tax planning help? Request a free consultation at 201-479-2572 or visit .
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EP62: #1 Way Tax Preparers Get Audited
05/09/2023
EP62: #1 Way Tax Preparers Get Audited
If you're a tax preparer, you need to be aware of the number one reason for audits - the earned income credit. The IRS tends to hone in on this aspect since it's much simpler for them. Rather than going through all of the returns, they'd instead audit the preparer. The tax bureau is particularly vigilant in areas with many low-income earners, where fraudulent claims are highly likely to be made. As a tax preparer, you could be held personally liable if you add false or fake credits to a return. Let us help you solve your IRS problem with ease. Request a free consultation at 201-479-2572 or visit .
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EP61: Can't Get Through to the IRS?
05/03/2023
EP61: Can't Get Through to the IRS?
A question or comment we get a lot is: "I have a tax issue. I'm trying to call the IRS and can't get through to them. So what do I do?" We understand that navigating the process and getting ahold of the IRS can be very difficult. That's where we come in - as practitioners, we have different lines to call, the necessary access and experience to step up the process and help alleviate your stress. When you call us – we can help you save time, energy and resolve your tax troubles for you with ease. Request a free consultation at 201-479-2572 or visit . #irs #taxhelp #taxes
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EP60: What Happens if You Invested in FTX?
04/25/2023
EP60: What Happens if You Invested in FTX?
What Happens if You Invested in FTX? In this episode, Jonathan Donenfeld discusses the impact of SPF bankruptcy on FDX investors. If you had invested funds in FDX or had accounts there, and now it's worth nothing or you're not getting any funds back, you may be able to write that off as a capital loss. Jonathan explains that it's like buying a stock for $5 and selling it for $1 at a $4 loss. If you invested $10 and now it's worth zero, you have a $10 loss that can offset other capital gains and be carried forward. Additionally, the loss can offset about $3,000 of ordinary income every year, and the rest can be carried forward. Watch this video to understand how the SPF bankruptcy impacts FDX investors and learn about the options available to you to write off the loss as a capital loss. Don't let the bankruptcy affect your financial goals, take action today! Key Points: 00:00 Introduction 00:03 Impact of SPF bankruptcy on FDX investors 00:47 Conclusion Learn more how JLD Tax Resolution Group can help you today: #sbf #bankruptcy #fdx
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EP59: The FTX Scandal
04/18/2023
EP59: The FTX Scandal
There has been a great deal of interest surrounding the FTX scandal and the role played by Sam Bankman-Fried. From a tax and accounting perspective, there are some very interesting things. First, it's evident they had terrible records. For any small business, meticulous record keeping is critical to show your expenses correctly when you're ever audited. The reason for this is that illegal gains are still considered taxable, and in this case, Fried was allegedly taking money from his company and falsely reporting it as loans. He failed to provide any proper documentation or payment plan, and the lack of proper accounting may add to his infringement. Along with other charges against the former CEO and founder of FTX, he will most likely be charged with purporting tax fraud related to income that he failed to report. --------------- Jonathan Donenfeld is a Certified Public Accountant (CPA) and Master of Science in Accounting (MSA) with more than a decade of experience in tax, accounting, and finance. After receiving his undergraduate degree from New York University and his Master's Degree from Baruch College, he held positions at leading accounting and consulting firms, most recently in the Private Client Tax Group at FTI Consulting Inc. providing tax and business advisory services to private companies and high net worth individuals. He also worked in the tax department of Rothstein Kass (now KPMG). Inspired to pursue his dream of starting his own business, Jonathan founded JLD Tax to help other small businesses in Jersey City and Hudson County. He also prepares tax returns for individuals and takes a special interest in Tax Resolution cases, helping people successfully navigate their IRS issues. Let us help you solve your IRS problem with ease. Request a free consultation at 201-479-2572 or visit . #FTX #TaxLaw #TaxExpert
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EP58: AI Takes Over Taxes - How the IRS Uses Artificial Intelligence
04/11/2023
EP58: AI Takes Over Taxes - How the IRS Uses Artificial Intelligence
AI Takes Over Taxes - How the IRS Uses Artificial Intelligence In this episode of Tax Man, Tax Relief Podcast, I discuss how the IRS is utilizing artificial intelligence to improve its auditing and collection efforts. I will share how the IRS is targeting business owners in certain industries with specific expenses, using AI to analyze data and identify potential tax problems. Key Points: [00:00:03] Introduction to the topic of the IRS and AI [00:00:55] How the IRS is targeting specific types of businesses with AI [00:01:43] The characteristics of taxpayers who are likely to have tax problems [00:02:25] How the IRS is using AI to save money and collect more money going forward Join us for this informative discussion on how AI is changing the way the IRS conducts its operations. Learn more about how we can help you sleep better at night when it comes to your taxes: #taxresolution #taxhelp #ai
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EP57: Hire a Professional When Talking to the IRS
04/04/2023
EP57: Hire a Professional When Talking to the IRS
If you're facing a tax problem or are being audited, you don't have to speak to the IRS yourself. It's best to hire a professional, such as a CPA, enrolled agent, or attorney, to represent you. Remember, what you say to the IRS can be used against you, so make sure you get the help of a professional. Learn more in this new episode: Hire a Professional When Talking to the IRS ▶️ Let us help you solve your IRS problem with ease. Request a free consultation at 201-479-2572 or visit https://fal.cn/3vqIv. --------------- Jonathan Donenfeld is a Certified Public Accountant (CPA) and Master of Science in Accounting (MSA) with more than a decade of experience in tax, accounting, and finance. After receiving his undergraduate degree from New York University and his Master's Degree from Baruch College, he held positions at leading accounting and consulting firms, most recently in the Private Client Tax Group at FTI Consulting Inc. providing tax and business advisory services to private companies and high net worth individuals. He also worked in the tax department of Rothstein Kass (now KPMG). Inspired to pursue his dream of starting his own business, Jonathan founded JLD Tax to help other small businesses in Jersey City and Hudson County. He also prepares tax returns for individuals and takes a special interest in Tax Resolution cases, helping people successfully navigate their IRS issues.
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EP56: Back Taxes Payroll Issues
03/28/2023
EP56: Back Taxes Payroll Issues
Business owners who experience difficulty with payroll taxes generally have difficulty with cash flow. This occurs when they are waiting on payments from others in the business, yet they must continue to engage people to do the work. Unfortunately, not paying the IRS in anticipation of being able to make the payment at a later time leads to significant penalties, interest, and a cycle of nonpayment. Business owners and employers should strive to remain current on payments while simultaneously looking at possible payment plans and settlement options for past-due amounts. Learn more in this new episode: Back Taxes Payroll Issues ▶️ If you need help solving your IRS problem with ease, request a free consultation at 201-479-2572 or visit https://fal.cn/3vqIv. --------------- Jonathan Donenfeld is a Certified Public Accountant (CPA) and Master of Science in Accounting (MSA) with more than a decade of experience in tax, accounting, and finance. After receiving his undergraduate degree from New York University and his Master's Degree from Baruch College, he held positions at leading accounting and consulting firms, most recently in the Private Client Tax Group at FTI Consulting Inc. providing tax and business advisory services to private companies and high net worth individuals. He also worked in the tax department of Rothstein Kass (now KPMG). Inspired to pursue his dream of starting his own business, Jonathan founded JLD Tax to help other small businesses in Jersey City and Hudson County. He also prepares tax returns for individuals and takes a special interest in Tax Resolution cases, helping people successfully navigate their IRS issues.
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