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What Happened to Tom? Part 4

By CANDACE (Candy) STEVENS, EA

Education & Training with Number Cruncher LLC

October 25, 2022 10:22 AM

How could Tom have avoided the mess he ended up in with the IRS? Let's take a look.

1st - He could have paid the tax he owed with the original tax return.

2nd- He could have sent in his tax return without payment but immediately set up an installment agreement with the IRS.

3rd - He should have opened the first that he received from the IRS and either contacted the IRS himself or hired a tax resolution specialist to contact them for him.

4th - In addition to contacting the IRS Tom would need to stay in compliance with the IRS and the terms of whatever plan they agreed to.

Even though dealing with the IRS sparks fear in many people, it is not a good reason to ignore them. If you are too scared to deal with the IRS yourself, hire a tax resolution specialist to step into your shoes and deal with the IRS for you. If you or someone you know is dealing with IRS problems, contact me at 702-469-9426 or candy@numbercruncherllc.tax.

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Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello Candy, I guess I miss Part 4 but not I have the brief of Tom and I would call you if I had a problem with the IRS!!!!

Oct 25, 2022 10:25 AM

CANDACE (Candy) STEVEN...

Overton, NV

Kat Palmiotti

eXp Commercial, Referral Divison - Kalispell, MT

Helping your Montana dreams take root

Problems do not go away if they are ignored; they usually snowball and get worse. Tom should have addressed it upfront!

Oct 26, 2022 04:34 AM

CANDACE (Candy) STEVENS, EA

Number Cruncher LLC - Overton, NV

Helping Taxpayers Resolve IRS problems

From your mouth to people with IRS problem ears Kat Palmiotti.

Have a great day!

Oct 28, 2022 09:21 AM

Kat Palmiotti

Kalispell, MT

Good Morning Will Hamm.

Thank you for your kind words.

Let's hope you don't end up with an IRS problem.

Oct 28, 2022 09:25 AM

Leanne Smith

Dirt Road Real Estate - Golden Valley, AZ

The Grit and Gratitude Agent

I did enjoy your four part series and helped to outline the issues some folks like Tom have experienced. Being an independent contractor for over 25 years as well as my husband for 10 years, we immediately hired an accountant to help keep us out of trouble with the IRS and so far so good.

Nov 01, 2022 05:48 AM

I am happy you enjoyed the series Leanne Smith. Good work hiring an accountant. Independent contractors are among the highest to get picked for an audit! You are already ahead of the game.

Nov 01, 2022 09:33 AM

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Candance,

Tom should have reached out to the IRS right away. Hiding from them is not the way to handle it. Great series!! Just like Leanne I've been an independent contractor, only for 31 years and hired an accountant the first year, to help keep me out of trouble with the IRS and so far so good!

Nov 01, 2022 12:31 PM

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Good morning Candace. The IRS has more resources than you do, so it pays to work with them since they never go away! Enjoy your day.

Nov 12, 2022 04:27 AM

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Good morning Candy - Tom should have don many things but at no time should he have ignored the IRS.

Nov 12, 2022 05:10 AM

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Lots of good learning from this series, Candy. No doubt there are others who have done what Tom did and got themselves into trouble with the IRS. Issues like this won't just go away.

Jeff

Nov 12, 2022 10:00 AM

What Happened to Tom? Part 4

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CANDACE (Candy) STEVENS, EA

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