Welcome to Episode 2 of the Tax Smart Hustlers Podcast, hosted by Aaron Siegel from Thrive Tax Solutions. This episode is a must-listen for small business owners, real estate investors, and anyone navigating the complexities of IRS tax collections and notices.
In This Episode:
- Unveiling IRS Processes: Learn about the IRS's resumption of automated collections and what this means for taxpayers in the post-COVID era.
- Exploring IRS Notices: We delve into the specifics of IRS notices and collections processes resuming in early 2024, including changes since COVID-19 and what taxpayers should expect.
- Automated Collections Pathway: Understand the progression and implications of the automated collections system.
- Field Collections Insights: Get valuable information on how field collections differ from automated processes.
- Penalty Relief and Tax Debts: Discover the IRS's plans for automatic penalty relief for certain tax periods and how this impacts tax debts.
- Collection Alternatives: Learn about the various options available to manage and resolve outstanding tax debts, including installment agreements and offers in compromise.
- Professional Assistance: Gain insights on when and why to seek professional help dealing with tax debts and IRS communications.
Why Listen?
Whether you're facing tax challenges, are curious about IRS processes, or want to be prepared, this episode offers comprehensive insights and practical advice.
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Feedback & Support:
If you find value in our podcast, please leave a review and share it with someone who might benefit from this episode. Stay tuned for more episodes where we balance tax strategy with resolution insights.
Thanks for Listening!
Join us next week for Episode 3 and more invaluable tax wisdom. Until then, stay informed and tax smart!
