298: Options When Owing the IRS

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 16 July 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Mark and Mat for their regular tax and legal tips to save you thousands, as well as a creative and detailed conversation on what to do if you owe the IRS money and can't pay the bill right now. Explore options from a 120 day request, to an Installment Agreement, to an Offer in Compromise. Learn more at www.refreshyourwealth.com. ALSO, here is the link to the article we mentioned on the show regarding interest, penalties and how much to send the IRS: https://markjkohler.com/how-much-shoul...

Transcript

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0:00.0	Broadcasting worldwide on Internet Radio.
0:07.0	Refreshing takes on legal strategies.
0:10.0	Straightforward answers to difficult tax questions.
0:13.0	Independent ideas on building wealth.
0:15.0	It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.
0:19.0	Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.
0:28.7	Now, here's Mark and Matt.
0:51.5	Yeah. Welcome everybody to today's podcast, Stitcher, Spotify, YouTube event.
0:53.4	We're trying to bring this to you.
0:53.8	iTunes. iTunes. iTunes. Have you heard of that one?
0:56.9	Fair not. Fair enough. I'm backing on. Yes, definitely iTunes. We're excited to be with you today.
1:04.8	My name is Mark Kohler. I'm with my amazing co-host and law partner, Matt Sorenson.
1:09.3	Also co-executives in directed IRA trust company.
1:14.1	And we are just, for the last 20 years, been helping clients with their tax and legal planning.
1:19.0	We're lovers, not fighters.
1:20.0	Now, we'll fight the IRS.
1:21.1	That's part of the topic today.
1:22.5	But we're not going to do your divorce.
1:24.9	It's just not the way it works.
1:26.3	Yeah.
1:27.0	And we are recording on July
1:28.9	15th. That's dedication, buddy. Dedication. Yeah, we care. Who cares? We care because we are getting
	...

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