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How to File BACK TAXES, Avoid PENALTIES, and Get Your Life Back!

  Рет қаралды 54,414

Logan Allec

Logan Allec

Күн бұрын

➡️ Request your FREE unfiled tax returns consultation at choicetaxrelief.com/free-tax-...
Today I am talking about filing previous years' taxes, also known as back taxes. I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!
There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes as soon as possible. You should also be aware of the interest and penalties that accrue on back taxes because they can be significant, especially the penalties. Thankfully, in this video, I cover how the penalties are calculated and how you can possibly get rid of them. And even if you don't owe taxes, you still want to file to secure your previous year's tax refund. If you're wondering how many years back you can get a tax refund, I cover that too.
➡️ Email backtaxes@loganallec.com to get help with filing your back tax returns!
⬇️ More Tax Relief Videos:
- My Offer in Compromise Basics Video: • Offer in Compromise 20...
- My Offer in Compromise Formula Video: • Offer in Compromise Gu...
⬇️ Other Resources:
- IRS Audit Technique Guides: www.irs.gov/businesses/small-...
- IRS Failure-to-File Penalty: www.irs.gov/payments/failure-...
- IRS Policy Statement 5-133: www.irs.gov/irm/part1/irm_01-...
- IRS Transcripts: www.irs.gov/individuals/get-t...
- Bauer v. Commissioner: www.leagle.com/decision/intco...
- Bizminer: www.bizminer.com/
- Bizstats: bizstats.com/
Table of Contents:
0:00 How to File Your Back Taxes
0:56 Why People Get Behind on Their Taxes
2:08 The Snowball Effect on Back Taxes
2:28 IRS Notices CP59, CP515, CP516, and CP518
3:08 You Need to Deal With This
4:10 Consequences of Not Filing Your Tax Returns
4:29 IRS Failure-to-File Penalty
5:13 IRS Failure-to-Pay Penalty
6:10 Interest Accrual on Back Taxes
6:49 Loss of Refund (How Many Years Back Can I Get a Tax Refund?)
8:20 Inability to Get a Loan
8:36 Inability to Get Student Aid
8:43 Loss or Delay of Stimulus and Other Forms of Government Aid
8:57 Loss of Immigration Status
9:10 Loss of Future Social Security Benefits
9:25 IRS Substitute for Return (BAD NEWS)
12:04 Reasons Why You Don't Want the IRS to Prepare Your Return For You
14:07 How Do You Actually File Back Taxes?
14:29 How Many Years of Back Taxes Do You Have to File?
15:13 Step 1: Figure Out What Returns You Need to File
15:26 Step 2: Determine the Order in Which You Should Prepare Your Returns
17:59 Step 3: Gather Tax Forms and IRS Transcripts
19:25 Step 4: Reconstruct Your Information
24:10 Step 5: Prepare and File Your Returns
26:45 Penalty Abatement
27:25 First-Time Penalty Relief
28:02 Penalty Relief for Reasonable Cause
#tax #taxes #backtaxes

Пікірлер: 180
@LoganAllec
@LoganAllec Жыл бұрын
➡️ Book your FREE back taxes consultation TODAY at choicetaxrelief.com/free-consultation/ or call 866-8000-TAX NOW!
@hilly2387
@hilly2387 Жыл бұрын
I need you to do my taxes please. I'm a special case and I haven't filed since 2009. Please help. 🙏 How much do you charge?
@LoganAllec
@LoganAllec Жыл бұрын
@@hilly2387 Hi!!! Thank you so much for reaching out!!! We start with an investigation to determine which years you should file since you probably shouldn't file all the way back to 2009. You can book a free consultation here where we explain our process: choicetaxrelief.com/free-consultation/
@hilly2387
@hilly2387 Жыл бұрын
@@LoganAllec ty! Do I have to know how much I owe because I don't. I tried to find out last year but the irs website didn't recognize my social for some reason.
@LoganAllec
@LoganAllec Жыл бұрын
@@hilly2387 No, you don’t have to know how much you owe!
@ij1373
@ij1373 3 ай бұрын
New here today. Glad I found you ! What if you just rent out a 2 bay 60' x 40' 20' and one truck space? What kind of businessis this for the ATGs? I will be calling you after I gather all my information. Thanks for your channel!🥳
@hughwhitledge8032
@hughwhitledge8032 3 жыл бұрын
Excellent video. The IRS is almost always easier to deal with if you are trying to comply with the tax laws than it is if you are trying to run away from them or thwart them.
@LoganAllec
@LoganAllec Жыл бұрын
Yes! And for that reason we always recommend people not ignore their IRS problem and get in compliance (at least filing compliance) as quickly as possible. In most cases, the IRS won’t even entertain a negotiation until that is done.
@dennishipsley8703
@dennishipsley8703 7 ай бұрын
There ARE NO tax "LAWS". Title 26 is what the IRS quotes as the law but Title 26 is Prima Facie...color of law and can be rebutted with prior UNREPEALED ACTS OF CONGRESS. 😊The UNREPEALED ACT OF CONGRESS is 26 CFR 1.0-1 paragraph (d) which says TAXABLE years began December 31 1953 and ENDED AUGUST 16 1954!!! Let that sink in...... TAXABLE YEARS ENDED 69 YEARS AGO!!!!! This was passed INTO law AS law by the 83rd Congress on August 16 1954. So why are we so conditioned to file and "pay" an income tax that died/expired 69 years ago?!!.....by LAW....not some damn IRS. "rule!!" THINK ABOUT THIS....!!!
@time2live337
@time2live337 5 ай бұрын
It's all about fleecing the people for their sweat equity. Shame on them all! ​@@dennishipsley8703
@nena1bomb
@nena1bomb Жыл бұрын
My gawd you are so relaxing. I talked to an HR Block employee and felt like I was being spanked by the IRS. I can’t tell you how it helps when you sound relaxed
@jasondauphin9131
@jasondauphin9131 Жыл бұрын
Wow! In just 30 mins of watching this video I learned more from you than the CPA’s and financial advisors who I paid for years. Thank you! And i just like and subscribed to this channel.
@LoganAllec
@LoganAllec Жыл бұрын
Thank you, Jason!
@TRAIL_CAMS
@TRAIL_CAMS 8 ай бұрын
Extremely helpful and giving me confidence moving forward. Thank you.
@themobilehomechic3297
@themobilehomechic3297 6 ай бұрын
Thank you Logan for extending your knowledge, resources and non complicated tax language.
@instructor8880
@instructor8880 2 күн бұрын
Acceptance: the only way to quiet the claim and discharges the claim immediately. Creates no controversy, no argument and you regain title. A charge is simply a claim on title. You are the title. Any Piece of paper placed before us; they believed we would examine it, they believed we would accept it, they believed we would return it, they believed we would make the counter-offer and when we return it, it is finished.
@reneeg9750
@reneeg9750 3 жыл бұрын
Thank you, Logan
@towandaingram3277
@towandaingram3277 3 жыл бұрын
Thank you for the information Logan
@LoganAllec
@LoganAllec 3 жыл бұрын
You're welcome, Towanda!
@HomeBuyingMadeEasy
@HomeBuyingMadeEasy 11 ай бұрын
You're great dude. Thanks.
@LoganAllec
@LoganAllec 11 ай бұрын
You are welcome!
@mraeofSunShine
@mraeofSunShine 3 жыл бұрын
Thank you!
@structureyourwealth
@structureyourwealth 6 ай бұрын
This really helped me
@patriciamedina3964
@patriciamedina3964 3 жыл бұрын
Thank you so much!
@LoganAllec
@LoganAllec 3 жыл бұрын
You're welcome, Patricia!
@HorriblySound
@HorriblySound 5 ай бұрын
Thank you! VERY informative!!
@LoganAllec
@LoganAllec 5 ай бұрын
Glad it was helpful!
@Romulus609
@Romulus609 5 ай бұрын
Thanks for the content!
@Giraffe53846
@Giraffe53846 6 ай бұрын
Love your video! Thank you so much! Liked and Subscribed! Question? I forgot to file 2022 taxes 🤦🏻‍♀️ mostly because it was my first 1099. Should I file that first before I file 2023?
@LoganAllec
@LoganAllec 6 ай бұрын
Hi! It shouldn't matter unless there's something on your 2022 taxes that would affect your 2023 taxes. That said, since 2022 taxes were due last April, while 2023 taxes aren't due yet, penalty and interest are accruing on whatever you would owe for 2022 right now (but they aren't for 2023 yet other than a potential underpayment of estimated tax penalty if you didn't make estimated tax payments), so if you had to pick, I would say file and pay 2022 ASAP to limit penalties and interest as much as possible! Also see my video "Can You File Taxes From Previous Years Out of Order?" - here is the link: kzbin.info/www/bejne/nn7GmZ2OpK52iq8
@jackiecarney7897
@jackiecarney7897 3 жыл бұрын
Thank you 😊
@NatureLovingIntellectual
@NatureLovingIntellectual 5 ай бұрын
Great video for those who still think they owe income taxes 👍
@hwnwhaler1
@hwnwhaler1 Жыл бұрын
Awesome. Mahalo!!!
@LoganAllec
@LoganAllec Жыл бұрын
You're welcome. Have a great weekend.
@fortnitelogan
@fortnitelogan 11 ай бұрын
I am defiantly trying to have you help me with my taxes
@LoganAllec
@LoganAllec 11 ай бұрын
Awesome. Great name btw
@cacosta1727
@cacosta1727 3 жыл бұрын
Thank you
@felidae-fanatic4380
@felidae-fanatic4380 2 жыл бұрын
Awesome video great. I’m formative with a good personality no blah blah blah
@cherrylanemonroe1082
@cherrylanemonroe1082 3 жыл бұрын
LOGAN, what about filing EXEMPT?? I live in SoCal and work for IHSS and I am a live-in provider, so I filed EXEMPT in 2017, as we were told to. But do I then NOT have to file every year?? And also, on my paycheck stubs, they don't take out ANY taxes. I only pay my health insurance and that is ALL THAT SHOWS on my check stubs along with my hours and pay. Is that ok? Or is my work screwing me over?? I am so confused!! PLEASE help. THX!
@user-ts8qt2qt7e
@user-ts8qt2qt7e 8 ай бұрын
Hi, do you know about retroactive payment from suspended benefits and is it taxable?
@alansimpson8962
@alansimpson8962 Жыл бұрын
Yes I need to reconstruct big time f 2010 sfr
@INNO222
@INNO222 Жыл бұрын
Love it. Great clip.
@vixxxxxxx
@vixxxxxxx 3 жыл бұрын
Will my parents have to add me to their household? I am an independent student but was thinking of filling a 8821 form to help them with their 12153 request for due process or equivalent hearing. My mom had identity theft paid off but still think what they owe is too high. How will this affect them from I?
@clbcl5
@clbcl5 3 жыл бұрын
I know this comment is not about this video but last week I got an adjustment on my 2020 Illinois taxes because of the federal break on the unemployment income but have seen nothing on the actual federal refund. It is not even showing in my account status.
@phoebeallen6276
@phoebeallen6276 2 жыл бұрын
My mom is sick and may not be able to file. Can she file next year without penalties? In the past she’s gotten refunds.
@nena1bomb
@nena1bomb Жыл бұрын
Do you help with non profits that didn’t file their 990ez??
@hustlenselfcaremum
@hustlenselfcaremum Жыл бұрын
My boyfriend didn't file taxes for a while and then we start filing taxes couple years ago and the first year they said they took what he would have had for stimuluschecks and applied it for his back taxes last year he owed money when we filed just because he had a self-employment sort of gig and one of his Works didn't take out the extra that we'd asked them to and then this year he was supposed to get a refund but when I went to check it it said it was applied to back back taxes so then I was able to get into his account for the idemia thing that says he owes 12,000 + 1000 penalties + 5000 interest from 2012 didn't file that year and he didn't even make that much money anyways thank you for this video
@LoganAllec
@LoganAllec Жыл бұрын
You should determine when that 2012 tax debt will fall off. Call the IRS and ask when the CSED is. That will drive a lot of decisions about how to approach that debt.
@MattB-bt8rc
@MattB-bt8rc 3 ай бұрын
He Sir… in a more recent video done this year. … I commented …. You mentioned that you have 3 years to file and get a return. On this video you said “extensions do count for the 3 years “. But in a more recent video… you said it’s 3 years plus any extension. Please reply … I had an extension in 2020… want to know if the 3 years is May 17th or Oct 2024. Thank you
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Joann worked at NAL ...
@jessicaelue3413
@jessicaelue3413 6 ай бұрын
Hello Alec Thank you for such an informative video Please quick question I forgot to filed my 2022 taxes through an agent but it never came or worked out And now I am finding it difficult to re file cause I am currently not in the states I came in for work in the states and have returned back home Please what options do you think I can consider ? Do you guys provide services in relation to this and what’s the cost Thank you
@LoganAllec
@LoganAllec 6 ай бұрын
Hi Jessica. Thanks for reaching out. Go ahead and book a consultation at choicetaxrelief.com/free-tax-relief-consultation/
@esthermaloney1108
@esthermaloney1108 3 жыл бұрын
Hi Logan thank you for taking time with us. Now the big question for the people that is getting evicted what to do. So 😢
@Redbonekita
@Redbonekita 3 жыл бұрын
Did you call to your state congress
@esthermaloney1108
@esthermaloney1108 3 жыл бұрын
Its not me its a few people that this is happening to because they felt they should not pay rent which i dont understand.
@esthermaloney1108
@esthermaloney1108 3 жыл бұрын
@@Redbonekita thanks but i believe at this time in life yes its difficulr but pay something
@hackerhope6_____oninstagra582
@hackerhope6_____oninstagra582 3 жыл бұрын
I am will forever appreciate the effort of hackerjiggy12 on instagram he help me with my issues 🔥🔥🔥
@hackerhope6_____oninstagra582
@hackerhope6_____oninstagra582 3 жыл бұрын
I am will forever appreciate the effort of hackerjiggy12 on instagram he help me with my issues 🔥🔥🔥
@ABxThugg
@ABxThugg Жыл бұрын
So I ended up filling my taxes for this year, but later found out I never filed my taxes for the previous year. I know you talked about filing the earlier years first. Would I have to wait until tax season arrives again, or can I file the back taxes at anytime. What happens next?
@LoganAllec
@LoganAllec Жыл бұрын
You can file your back tax return at any time! It's just that sometimes it makes more sense to file them chronologically (but sometimes it doesn't...it really depends!).
@melihademiral3962
@melihademiral3962 19 күн бұрын
Can anyone tell me if you own 10 years old back tax and pay in full is that years report to ssa to count as benefits to rise your ssa pay check please
@Wub-is8dp
@Wub-is8dp 10 ай бұрын
@LoganAllec how do I go about reporting financial aid disbursements on my tax returns? This is the amount of aid that is sent directly to my bank account after the school pays my tuition and fees. What expenses count as educational expenses and which don't? For example , I used some of my disbursements to cover food, housing, clothing, transportation, and necessities. What portion of these are considered taxable ?
@LoganAllec
@LoganAllec 10 ай бұрын
Are these disbursements loans, scholarships, grants, stipends, or a mix of some or all of these?
@Wub-is8dp
@Wub-is8dp 10 ай бұрын
@@LoganAllec all grants
@SpringGhost6521
@SpringGhost6521 Ай бұрын
Does this go to the VA disability benefits
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
No one added to my portifolio..not gretchen on her own since 1998 ...
@JasonMarshMusic
@JasonMarshMusic Жыл бұрын
Thanks for this. Btw how does someone end up in jail for not filing? If someone doesn't file for a few years does the IRS give them a chance to fix the problem first before ever criminal penalties are a risk?
@LoganAllec
@LoganAllec Жыл бұрын
In the *vast* - and I mean *vast* majority of cases - someone who simply didn't file their tax returns for a few years will not be facing criminal charges, though it is technically a federal crime under Internal Revenue Code § 7203. Best thing for them to do is to file the back tax returns and get back in the tax system.
@metricdeep8856
@metricdeep8856 9 ай бұрын
You can't pay a penny if you're in prison. You actually cost the government more buy imprisoning you. They want their money.
@enriquee97
@enriquee97 Жыл бұрын
What if you WANT to file those past taxes but you don't have the W-2? I'm missing some of mines. I tried looking online on my irs account but no luck because I think that's only for copies of years you already filed. That old employer is no longer available neither. I don't know where to start or look
@HalfwayJac
@HalfwayJac Жыл бұрын
Same
@DamianoOkaie
@DamianoOkaie 6 ай бұрын
Thanks for informations unfiled 2020 and 2021. But,Allec , do it paper file or e- file.? Good d😢!
@LoganAllec
@LoganAllec 6 ай бұрын
You can no longer e-file 2020; you will have to paper file that year. You can e-file 2021 still if your tax software supports it.
@mohamedaminasad
@mohamedaminasad 4 ай бұрын
@@LoganAlleccan we get a direct deposit for year 2021-2022 year ?
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Thru court system ..
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Owed like 64, ooo . 00 back taxes dump truck..
@Soccox
@Soccox 10 ай бұрын
Can filing for bankruptcy eliminate federal tax debt, and thank you for your replies
@LoganAllec
@LoganAllec 9 ай бұрын
Yes, if it's federal *income* tax debt and it meets the three requirements I mention in this video: kzbin.info/www/bejne/fJLJdGWlfZ2Hadk
@jenifferbeam8939
@jenifferbeam8939 Жыл бұрын
Hi Logan, thank you for the information you shared on this video. I need some help with filing my 2018-2022 taxes and want to know if it is possible to have the free consultation with you ?
@LoganAllec
@LoganAllec Жыл бұрын
Either me or my dad! Please book a call here: choicetaxrelief.com/free-consultation/
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Joann and bob shehorn patrick tanner ..sands ..mornings with maria ..samantha n sabrina ..bobby etc barb..boxxes ..
@dennishassler605
@dennishassler605 Жыл бұрын
i wanted to fill back taxes, but cannot find my K-1 form. I will NOT owe anything, because I have deductions enough to NOT pay.
@LoganAllec
@LoganAllec Жыл бұрын
Hi Dennis! We could likely get your K-1 information for you. Please email me at logan.allec@choicetaxrelief.com
@strangelillas
@strangelillas 3 ай бұрын
Im kind of at the point of where im afraid i screwed up my whole life and it feels like Im drowning lol..... i dont even know where to begin
@alansimpson8962
@alansimpson8962 Жыл бұрын
I need to file amended return year 2010 but nothing to prove i didnt make a dime on this predatory truck lease i got into and that is my major problem
@betterthanemril988
@betterthanemril988 Жыл бұрын
I know a former agent that regularly post on YT that has said there’s a statue where you only need to file or amend the previous 6 years so don’t quote me but you might not need to worry about a 2010 tax return
@bmelhorn4242
@bmelhorn4242 Жыл бұрын
If I file my newest return first is it possible the IRS will use that against me and accuse me of fraud knowing later returns with possible penalties are still in my possession?
@LoganAllec
@LoganAllec Жыл бұрын
Probably not as long as you get in compliance with the other returns shortly after filing your newest one. That said, you may not have to file all of them, and it may in fact be advisable to not file all of them for reasons I stated in the video.
@MrDmacc1
@MrDmacc1 Ай бұрын
All those penalties and taxes and interests. A person will never be able to get out of that. They already set up for failure.
@Rainy_Day12234
@Rainy_Day12234 2 ай бұрын
No income. No worries.
@betterthanemril988
@betterthanemril988 Жыл бұрын
My case is a bit different. I’ve been a victim of identity theft and since this I’ve technically filed all my returns the irs has rejected/sent back my 2018-2022 returns. I’m not gonna lie I’ve made peace of having the IRS not bug me for 4 years straight but it has been bugging me the last couple months and now I’m scared AF 😂
@LoganAllec
@LoganAllec Жыл бұрын
Were you expecting refunds for those years?
@betterthanemril988
@betterthanemril988 Жыл бұрын
@@LoganAlleconly for 2020 the other three I owe. Not a crazy amount like the highest year is like $1500.
@betterthanemril988
@betterthanemril988 Жыл бұрын
I just found out I’m actually owed a refund for 2021 now lol
@DamianoOkaie
@DamianoOkaie 6 ай бұрын
Allec, what will happen if I file my backtaxes, do my stimulus impact checks be release to me?
@LoganAllec
@LoganAllec 6 ай бұрын
Yes, if you didn’t receive stimulus checks, you can get a credit for those amounts via the Recovery Rebate Credit if you file your 2020 and 2021 returns. However, unless you filed for an extension, you will need to file your 2020 return by May 15, 2024, to get a refund for that year!
@samborolossi
@samborolossi 7 ай бұрын
Mr. Alec good morning ! I want to file 2019 ,but the torbu tax softwear is not compatible any more . I spoke with two specialist from turbo tax & they told me that 2019 softwear is notbworking any more . What the chance to file my fedral taxes for 2019? Thank u so much for your useful video .❤ 2:58
@LoganAllec
@LoganAllec 7 ай бұрын
How complicated is your 2019 tax situation? What kind of income did you earn / receive?
@samborolossi
@samborolossi 7 ай бұрын
@LoganAllec it's not complicated at all . Just I will file for federal taxes only .cuz I was working overseas in the year of 2019 .
@LoganAllec
@LoganAllec 7 ай бұрын
@@samborolossi Gotcha. Were you W-2 or 1099 overseas? If W-2 possibly no federal income tax at all due to foreign earned income exclusion.
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Never use instagram nor twitter ..no facebook since 2015 ...no messenger ..
@michaelgarrison4879
@michaelgarrison4879 Жыл бұрын
What tax forms do I need for filing back taxes?
@LoganAllec
@LoganAllec Жыл бұрын
The same tax forms you would have used if you filed on time!
@GetRealFeelTheHeal
@GetRealFeelTheHeal 5 ай бұрын
I haven't filed taxes since my youngest son was 16, and he's turning 38 this month. I haven't received notices from the IRS. For the most part, I've claimed zero exemptions and had max taxes taken out. I have no idea where to start.
@angiep319
@angiep319 3 ай бұрын
And you should never file unless you want to continue giving the IRS your hard earned money
@GetRealFeelTheHeal
@GetRealFeelTheHeal 3 ай бұрын
Theyre already getting my hard earned money. That's the sad part. They get it whether I file it not.
@angiep319
@angiep319 3 ай бұрын
@@GetRealFeelTheHeal file exempt
@GetRealFeelTheHeal
@GetRealFeelTheHeal 3 ай бұрын
That'll get me in a whole shitload a trouble. Dont think I want that.
@AscensionExtensions
@AscensionExtensions 3 ай бұрын
I listened, I watched twice and I still don't know HOW to file my taxes from 2022...Is it a form? Do I have to mail it? the irs website I used to file for 23 and the website I was recommended only allows you to file for the current year.
@LoganAllec
@LoganAllec 3 ай бұрын
You can currently e-file 2021, 2022, and 2023. However, not all software necessarily supports e-filing 2021 and 2022. However, most professional tax software does.
@Mr.Blister1960
@Mr.Blister1960 2 ай бұрын
Click - BANG!
@shoebert31
@shoebert31 2 жыл бұрын
Can you pay back taxes to get the stimulus checks you didnt get, you know...hypothetically
@LoganAllec
@LoganAllec Жыл бұрын
Yup! I’m publishing a video about this next week!
@HomeBuyingMadeEasy
@HomeBuyingMadeEasy 11 ай бұрын
​@@LoganAlleccan you please share a link of this video please? Thanks. Liked and subscribed
@LoganAllec
@LoganAllec 11 ай бұрын
@@HomeBuyingMadeEasy It is here: kzbin.info/www/bejne/p6GxZmuker-Hn9k
@HomeBuyingMadeEasy
@HomeBuyingMadeEasy 11 ай бұрын
@@LoganAllec thank you! Look forward to talking to you tomorrow.
@alwoody1566
@alwoody1566 Жыл бұрын
I just need to know how much I owe for a 2019 return that was not filed
@LoganAllec
@LoganAllec Жыл бұрын
If the IRS has already prepare the return for you (i.e., filed an SFR) you can check online at your IRS account. If not, the only way to know is to actually prepare your 2019 tax return.
@barbhelle5481
@barbhelle5481 3 жыл бұрын
Hi Logan, My son did his 2019 taxes from a friend and they filed it with a wrong address. He did not get any stimulus money due to the address. Can you tell me how he straightens out his address.
@yusraalzadjali8778
@yusraalzadjali8778 3 жыл бұрын
Form 1040X
@barbhelle5481
@barbhelle5481 3 жыл бұрын
@@yusraalzadjali8778 Thank you very much.
@fadisalem2710
@fadisalem2710 3 жыл бұрын
HaPpY BiRtHdAy Logan Allec
@rwall3450
@rwall3450 7 ай бұрын
What if you (accidentally) don’t file a 709 form for a few years even if you may not owe anything anyway?
@LoganAllec
@LoganAllec 7 ай бұрын
Should still file to track your lifetime exclusion.
@rwall3450
@rwall3450 7 ай бұрын
@@LoganAllec will I be facing any (serious) penalties?
@alonzo3227
@alonzo3227 4 ай бұрын
Do you have an office in Houston tx?
@LoganAllec
@LoganAllec 3 ай бұрын
Hi Alonzo. We do not, but we have staff all over the country and work with taxpayers all over the country. We probably have more clients from Texas than any other state (except for California).
@mikeramos1755
@mikeramos1755 3 жыл бұрын
What can I do when the name on the check is wrong
@hughwhitledge8032
@hughwhitledge8032 3 жыл бұрын
What kind of check? Tax refund? Stimulus? And in saying the name is "wrong", do you mean something like Jim Jones versus James Jones or Ed Hodges versus George Murphy?
@jazzmanjazzman6306
@jazzmanjazzman6306 11 ай бұрын
Hi, I know this is an old video, but it applies to my situation now. After a consultation with your firm, will you be able to provide an estimate of what your fees will be?
@LoganAllec
@LoganAllec 11 ай бұрын
Hi Jazz Man - yes.
@brunolopez4117
@brunolopez4117 6 ай бұрын
How can you help someone in another state?
@LoganAllec
@LoganAllec 6 ай бұрын
We help folks in all 50 states.
@Supersoaker-xy2cr
@Supersoaker-xy2cr Жыл бұрын
PLEASE HELP!! i have to do crypto taxes from last year. I have tons of transactions.. do i need to report all transactions on 8949 if i had an overall loss of 300 dollars?
@LoganAllec
@LoganAllec Жыл бұрын
You need to report because the IRS doesn't know your basis. We currently have a client who is being audited for the 2017 tax year for crypto transactions. Had an overall loss on his crypto but over $1,000,000 in gross proceeds...he did not report...IRS knew his basis because his transactions were through Coinbase, which reported transactions on 1099-K (Coinbase used to report on 1099-K)...IRS selected him for audit because they saw $1,000,000 in gross proceeds on the 1099-K with no idea of his basis.
@Supersoaker-xy2cr
@Supersoaker-xy2cr Жыл бұрын
@@LoganAllec so this means I'll need to print out like 470 8949 forms?
@madmax8620
@madmax8620 10 ай бұрын
Yup... and then deduct 1 million in printer ink expenses and owe nothing!
@Supersoaker-xy2cr
@Supersoaker-xy2cr 10 ай бұрын
@@madmax8620 oh boy
@morrisbell5337
@morrisbell5337 Жыл бұрын
I need to file back taxes help me pleas.😭
@LoganAllec
@LoganAllec Жыл бұрын
Please book a call at choicetaxrelief.com/free-consultation/
@alansimpson8962
@alansimpson8962 Жыл бұрын
No its not pretty i leased a truck in 2010 didnt make a dime i did collect unemployment i didnt file so yep 3 years later mr irs filed for me and fast forward today mr irs says you owe almost 20 grand. And now they are taking my hard earned money and no way out i dont owe them that but they dont care im old and doomed.
@dp-hr8wb
@dp-hr8wb 2 жыл бұрын
Still waiting on the SSA to give my wife her SSN so we can file 😑
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
He had guardianship of gretchen all those years ..
@icare1175
@icare1175 Жыл бұрын
I haven't paid or filed in 7+years I need help
@LoganAllec
@LoganAllec Жыл бұрын
Shoot me an email: logan.allec@choicetaxrelief.com
@bashiruddinahmad408
@bashiruddinahmad408 Жыл бұрын
Great work sir..I haven't filed in 7 years..need to take care of this..what about a offer to comprise with IRS
@LoganAllec
@LoganAllec Жыл бұрын
@@bashiruddinahmad408 Hi! We would first have to determine what your liability is by filing the required back tax returns. Please shoot me an email at logan.allec@choicetaxrelief.com
@HalfwayJac
@HalfwayJac Жыл бұрын
Do you help people out of state?
@LoganAllec
@LoganAllec Жыл бұрын
We serve clients in all 50 states (some are even overseas)! Book a free consultation here: calendly.com/choice-tax-relief/tax-relief/
@HalfwayJac
@HalfwayJac Жыл бұрын
@@LoganAllec thanks. I may need you in the future. I hadn't filled taxes in a few years. Thought I was going to jail. I called the IRS this morning in a panic. Turns out I didn't even make enough to file. I'm in no trouble. All that worry for nothing.
@LoganAllec
@LoganAllec Жыл бұрын
@@HalfwayJac Sounds good! Make sure to file 2020 and/or 2021 if you didn’t get all your stimulus!
@HalfwayJac
@HalfwayJac Жыл бұрын
@@LoganAllec I have the transcript coming. Thank you!
@LoganAllec
@LoganAllec Жыл бұрын
@@HalfwayJac You're welcome!
@pandalilpig
@pandalilpig 2 ай бұрын
thanks mate! check out my improv jams to destress from tax work :3
@angiep319
@angiep319 3 ай бұрын
Im done filing. Theres no law that says someone from the 50 states has to file
@Phenique35
@Phenique35 23 күн бұрын
I'm curious. If taxes aren't mandated or lawful, how do they justify jailing folks that don't pay them?
@angiep319
@angiep319 23 күн бұрын
@@Phenique35 cause they owe. They signed the w40 stating you will pay. Just go to HR and file exempt. And you will get all your money from FEDS
@brunolopez4117
@brunolopez4117 6 ай бұрын
Were u location is
@LoganAllec
@LoganAllec 6 ай бұрын
I’m personally located in Los Angeles, but I have staff across the country. Book a free consultation here: choicetaxrelief.com/free-tax-relief-consultation/
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Joels niece ..blood ..
@christinamariehicks1078
@christinamariehicks1078 Жыл бұрын
Josh garland owe 14,000.00 back taxes ..
@dcaldwell7706
@dcaldwell7706 Жыл бұрын
Failure to pay & failure to file penalties is less than owning arrears on Child Support 😂
@LoganAllec
@LoganAllec Жыл бұрын
Yup, that's true. Here in Cali, the penalty for unpaid child support can be 6% per month up to 72% after notice has been served.
@bettyboop2468
@bettyboop2468 2 жыл бұрын
I hope I can afford you.
@HavingCoffieWithMrSatan
@HavingCoffieWithMrSatan 3 жыл бұрын
Mr satan frist
@robertalvarez8689
@robertalvarez8689 3 жыл бұрын
shill master
@LoganAllec
@LoganAllec 3 жыл бұрын
hehe
@NaNa-ug1ej
@NaNa-ug1ej Жыл бұрын
Im in need of help . I havent filed in 6 years and im afraid the fees and interest are going to ruin my life. Some years i had no bank account and i lost my records . I had some of the work being done from home. I was renting and none of the bills were in my name. What can i do to prove all my legally allowed deductions
@LoganAllec
@LoganAllec Жыл бұрын
Your situation is not uncommon! A lot of our clients have similar stories. Please book a call here for a free consultation: calendly.com/choice-tax-relief/unfiled-tax-returns/
@rcjr2633
@rcjr2633 2 ай бұрын
I never use cash and only use my business card for everything. I have all my statements..Will that work??
@LoganAllec
@LoganAllec 2 ай бұрын
Yup, sounds like you can actually put together a solid set of books in Quickbooks or some other software if everything ran through your business card.
@mikehamdan626
@mikehamdan626 10 күн бұрын
Please me help me …. Please you are the only person who made me somewhat comfortable about moving forward please how can I contact you directly
@LoganAllec
@LoganAllec 10 күн бұрын
Hi Mike. I'm out of the office today. But you can reach my dad Tim at (213) 291-9584.
@privatecitizen1246
@privatecitizen1246 6 күн бұрын
Actually, if you don't file one year, the IRS will NOT ALLOW YOU to file again. Ask me how I know lol. Was told by a CPA that the IRS files a tax return for you in any case so it doesn't matter. I just always pay extra. Haven't filed since 2017 and have NEVER gotten a notice from the IRS. Probably will Never file again unless it affects my Social Security in a decade when I retire.
@LoganAllec
@LoganAllec 5 күн бұрын
The IRS will still let you file. Here are my thoughts: kzbin.info/www/bejne/pH6cdmCQbKpomas
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