So this I get, but I guess I’m trying to make sense of the numbers. I have a payment plan for tax of about $8,000. I pay $112 a month but for the past year it’s looks like only two hundred of those dollars have actually gone to the principal. I don’t understand it 🤯 I can’t find anything on the percentages for penalties/interest and I can’t find anything that allows me to apply additional payments directly to the principal. Any advice would help!

Is it a good idea to file amended tax return along with the response?

I was hoping to hear some knowledge about perhaps ways to reduce income in the year of the sale like can a business loss, like say purchasing a business vehicle and taking the bonus depreciation to reduce taxable business income and overall income to put someone in a lower tax bracket for the purpose of the lower long term Capital Gains tax rate. Would that be permitted?

Great info!!

Good stuff on solar credits (refundable vs non-refundable)…wish more consumers would learn about this when purchasing solar…Will share it!

Is there a form to report your 1031 exchange to IRS on income tax return?

Of course it's more overreach. They know which companies are being transparent because we all file our taxes like normal companies do. What, they really think illegitimate companies laundering money are going to file this so they can be blasted with criminal and civil suits? C'mon, now. They'll find a way around it, they've been doing it for years and making the little guys bend over and submit the same info they already have on file isn't going to change that. These shell companies have had over a year to scheme a new way to wriggle out of the BOI, interested to see how well this all goes down. I filed for both my companies already, lol. 😒

Question: if married and husband is launching startup business in 2024 and buys $70k Tahoe for 80% business use and makes $5k profit in 2024; but wife makes $130k a year = $38k annual tax bill. They file jointly. So can the business write off go against her taxable income?

I got a topic 152 And they sent out a letter to me. Its been 2 to 3 weeks now and they said that I need to submit the documents and return the letter from this. I haven't received the letter and im trying to figure out what the issue might be. 2023/2024

Thank you. I hope you don't owe the $280,000

This is very helpful! Any idea if I will trade in a business vehicle for another business vehicle, will the trade in be taxed? Thank you

Young Eric Hernandez Carol Young Jose

can the Irs seize your lottery winnings even if you are compliant on a an installment agreement.

Is there another form on investment to reduce your W-2 income?

If I get cash on a side hustle, Uncle Sam ain't getting 5ht

What if there is not w2 or 1099? For mora than 10 years

Hi Nguyen, I will probably need to hire a real estate account or lawyer for this but what’s your thoughts: Purchased a rental condo for $200K, in a small town that had a mining industry, now mining is no longer booming and home price drop market value now is $70K. If I sell at a loss, will I be able to claim loss incurred against regular income or it will have to be rental income? Thanks

helps a lot! thank you

Our loan was originally over $200K on an EIN. We sent back $78K within 3 months. Our balance is now $189,000. Does that apply to the under $200K?

What if own the S Corp and 90% of the time I work from my home office?

This sounds like a clever way for the FED to control all independent business...

Excellent information and I love the humor!

More people need to see this kind of stuff!

What type of documentation i need to have to probe that my system is up and running if i installed myself? thanks

Why are they still offering the EPC in 2023?

Thanks. I still not relieved my refund..I filed it second week of Feb not receiving no notice. Also not owed any tax?.please help....

Why don’t they just send out what I need to report? Why don’t they just build my return if they have the data already?

Thanks for sharing !

Thanks brother. Good stuff. I got very helpful info from the vid. Thumbs up

Ok, but why NOT. you never stated why not to pay it. #2 at timestamp 7min your are not required to pay taxes its a suggest to pay, that why nothing ever happen to them, they are paying a suggested amount, so nothing can happen to them. it states it in the clause of W-4.

haha! you're funny! LOVE YOUR JOKE ABOUT 50 Cent! Candy Shop! haha

FK the IRS. Huge burden on society.

Where are located? Do you have a physical business open to clients?

I have a question: If a company didn’t send the IRS the 1099 for $30k worth of my contracting services… and that company didn’t send me 1099 either, and I report the income and pay my tax… will IRS come after me if that company was lazy and decides to send my 2023 1099 to the IRS at a later date? I don’t see that they reported the 2023 1099 yet, and my extension’s due in Oct. I’m doing the safe thing and reporting the income anyways but I would hate for the irs to think it was tip money when in fact it wasn’t tip money it was contracting work for the company that never sent 1099.

Citizen living in the UK Everywhere is looking for another deep pocket.

Thank you.

meanwhile the ultra-wealthy are doing all kinds of shit to legally not pay taxes.

What if you get robbed and the police say it was a gift?

What happens if a person got stuck in a jam Like being critically hospitalized, family emergency divorce, death or mismanagemed the loan due to business industry downfall or business debts and your not profiting?

Whatcha got against pups?

I'm glad someone's doing caleb hammer parodies

As a solar salesperson I find your opinion offensive. You could have talked about how the credits work without bashing an entire industry and sales people in general.

Hello I read online that if you bought your home Prior to Jan 01, 2009 none of this being in the home 2 of 5 years apply to you. For example if I bought my house in 1999 (which I did), and lived in it for 7 years t hen rented it out , (still rented today), none of this should apply to me and im grandfathered in and can keep any profits I make...is this true? How do you interpret this rule?

Good video out of the ordinary!!🤣

Nice vid

So if I want to pay off my child's $12,000 student loan should I give him the check and have him pay it off or should I send the check to their student loan association from my checking account?

Can you please explain the foreign gift money and taxes please?

Also I'm in treatment at this moment and I have months clean time will be here for a year .

Also I'm in treatment at this moment and I have months clean time will be here for a year

Thank you so much for the information man