Are You In Trouble (With the IRS)?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 26 March 2025

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You DO NOT want to mess with the IRS. As Tax Day draws near, tax planning questions are filling our inbox. We're kicking off this livestream that gets into some finer details that might apply to you and your unique situation! After that, we answer more of your financial questions. We end with a spicy question about how to handle a new relationship with a whole life insurance policy... Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.1	Uh-oh. Am I in trouble with the IRS?
0:37.4	Brent, I am so excited to talk about this because sometimes we find ourselves in a situation
0:42.8	where we might get a letter or might get a notice or might see something on our tax return
0:49.4	that makes us say, yeah.
0:51.9	No, when I get those letters in the mail, I mean, that's the only problem with informed delivery. Well, yeah. Now, when I get those letters in the mail, I mean,
0:54.6	that's the only problem
0:56.0	with informed delivery.
0:57.4	Well,
0:57.9	exactly.
0:58.8	And you immediately
0:59.2	come to my office
0:59.9	and we talk about it.
1:00.7	And we love that
1:01.4	when these kinds of things
1:03.0	happen in your life,
1:04.7	we get to be the voice of reason.
1:07.0	We get to explain to you
1:08.1	what's going on,
1:09.0	how you should navigate it, and what you need
1:11.7	to know about that specific situation. We love that we can answer all these kinds of questions
	...

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