The Advantages Of Representation The Tax Resolution Playbook With Peter J. Marchiano, Jr. podcast

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In this episode of The Tax Resolution Playbook, host Doug Sandler talks to Pete Marchiano, a CPA and Tax Resolution Specialist. They dive deep into the daunting world of IRS penalties. Pete understands that receiving a letter from the IRS can strike fear into the hearts of many, but he's here to provide guidance and expertise to help navigate through these challenging situations. Listen to Learn: Facing the Fear of IRS Letters: Pete acknowledges that getting a letter from the IRS can be anxiety-inducing, but he reassures listeners that there are strategies and solutions available to resolve any issues that may arise. Introduction to the Tax Resolution Playbook: Pete shares insights into his newly released Tax Resolution Playbook, designed to equip individuals and businesses with the knowledge and strategies needed to tackle IRS challenges effectively. Penalties - The Most Popular Episode: Pete reflects on the popularity of the episode focusing on penalties, emphasizing the importance of understanding the various types of penalties the IRS can impose and how to address them. Types of IRS Penalties: Pete discusses the different types of penalties the IRS can impose on individuals or businesses, ranging from failure to file to accuracy-related penalties. Communication and Notification: Pete explains how the IRS typically communicates penalties to taxpayers and the importance of addressing them promptly to avoid further complications. Addressing Penalties: Pete outlines the process and timeline for addressing IRS penalties, emphasizing the need for proactive action and compliance. Factors Affecting Penalty Calculation: Pete delves into the factors the IRS considers when calculating the amount of penalties, including the severity of the violation and taxpayer compliance history. Negotiation and Relief: Pete explores whether taxpayers can negotiate with the IRS to reduce or eliminate penalties and provides insights into requesting penalty relief or abatement. Consequences of Non-Payment: Pete discusses the consequences of not paying IRS penalties on time, including accruing interest and potential enforcement actions. Requesting Penalty Relief: Pete explains how taxpayers can request penalty relief or abatement from the IRS, including eligibility criteria and necessary documentation. Purchase Pete's book The Tax Resolution Playbook to navigate IRS challenges with confidence and peace of mind: https://www.amazon.com/Tax-Resolution-Playbook-Offensive-Strategies/dp/1956220119…

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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Penalties 9:34

3 years ago9:34

9:34

If you're like most people, you're afraid of penalties from the IRS. Pete talks about the most common ones taxpayers make and how to avoid them. If you're looking to avoid issues with the IRS, this wrap-up episode of The Tax Resolution Playbook is for you!

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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Installment Agreements 10:21

3 years ago10:21

10:21

If you can pay your debt in some way, what's the first step? Should you trust big firms who claim to be able to wipe all your debt away, or should you stick with a tax resolution specialist like Pete? This episode explains the best thing for you to do and dives into how Covid-19 affected even the IRS!…

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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Currently Non-Collectable 10:49

3 years ago10:49

10:49

Certain people are labeled as "currently non-collectable" by the IRS. In this episode, Pete outlines what that means and how someone gets labeled as that. He also shares the encouraging stories of Martin and Ed after their encounters with the IRS. Listen in to hear all of that in this episode!

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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“What If I Can’t Pay?” Three Possible Options 9:19

3 years ago9:19

9:19

Pete's experience has led him to 3 main options to get yourself in order with the IRS. He explains all of them, as well as which one he uses most in this installment of The Tax Resolution Playbook podcast!

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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“What If I Can’t Pay?” Realistic Positive Outcomes Are Possible 10:18

3 years ago10:18

10:18

Are you scared of losing your house or other major assets? Do you need direction on where to go once you're in trouble? Pete outlines what the first step is as well as the Offer in Compromise option some people could qualify for. Tune in to hear about all your options if you're in deep water!

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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The Advantages of Representation 11:03

3 years ago11:03

11:03

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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It’s Never Too Late 9:40

3 years ago9:40

9:40

If you don't understand what the IRS wants from you or what documentation you need, Pete covers all that in this episode of the podcast. Plus, hear his answer to what do you think is worse: not filing your taxes or not paying them?

The Tax Resolution Playbook with Peter J. Marchiano, Jr.

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This Is Not a “DIY” Matter 11:50

3 years ago11:50