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Epic Real Estate Investing

If You Can't Pay Your Taxes, Then What? | 375

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 17 April 2018

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today on Tax Hacker Tuesday with Epic Real Estate, Tim Berry and Bernie Garland explain what to do if you can't pay your taxes. Learn all about the IRS's new initiatives, how to qualify for them, and the exact steps you should take if you can't pay your taxes.

Transcript

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0:00.0

This is

0:02.0

is Terrio Media.

0:05.0

Did you know that up to 50% of your lifetime income will be wiped out by taxes?

0:10.0

What if you could stop this madness?

0:12.0

Isn't it about time you play on a level playing field with the wealthiest 1%?

0:17.0

Now you can.

0:18.0

Tim Berry, attorney at law, shares here each and every week current tactics and strategies that anyone can implement

0:25.1

to hack the tax code. Protect your assets and keep what's rightfully yours.

0:30.2

It's time for Tax Hacker Tuesday.

0:34.0

I owe the work I go.

0:37.0

Now sometimes if you owe the IRS lots of money,

0:41.0

we have clients that work two and three jobs because they feel they have to pay

0:48.0

at that exorbitant rate. Do you know anything about that, Mr. Tim?

0:52.0

Well, the great thing about the IRS is, it's a kinder gentler IRS now, isn't it?

0:57.2

It is so kind and so gentle.

1:00.0

And so they came out with this new program, this new initiative,

1:02.9

where they will loan you the money to pay your taxes.

1:05.6

Because the big thing, and this is what Bernie says all the time,

1:08.0

is compliance.

1:08.8

That's the buzzword.

1:10.1

They want you to be in compliance, and they found that whenever people don't have the money to make payments, they fall out of compliance.

1:17.0

Thus the IRS will give you a payment plan. And Bernie, what are the typical terms of the payment plans?

...

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