Kerry Lutz's--Financial Survival Network

Can the IRS Be Saved? - Ben Golden #5234


Listen Later

Summary:
Today, Ben and I cover one of the most feared three letter words amongst American citizens: the IRS. It is important to remember that we have remedies and rights when dealing with the IRS, and numerous people get in trouble merely because they don’t understand some of the rules and processes. We want to make sure you don’t find yourself in this situation! Tune in today to hear about how you can exercise your rights and handle your taxes in a way that is painless, legal, and will save you unnecessary stress.

Highlights:
-IRS - one of the most dreaded three letter words
-As US citizens we have remedies and rights when dealing with them - IRS taxpayer Bill of Rights
-You could think you’re doing everything right on your taxes and miss a rule you weren’t aware of
-Many people get in trouble merely because they don’t understand the process
-Ignorance is not bliss when it comes to the IRS
-It is important to get people educated and informed
-You should never deal with them directly on any major matter. Tax law regulation and rule has nothing to do with common sense, so it is not a good idea to try and use basic rationality to communicate with them on your own.
-The IRS is limited to what they can do, and it is important to keep them limited (no in-home audits)
-It is important for businesses to have restricted areas for employees/customers only
-the IRS is trained on how to read/listen to people, and must decide whether they are trustworthy
-the IRS needs more employees because many of the current ones are not auditors—they do the daily entries

Useful Links:
Golden Tax Relief
Financial Survival Network

...more
View all episodesView all episodes
Download on the App Store

Kerry Lutz's--Financial Survival NetworkBy Kerry Lutz

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

124 ratings


More shows like Kerry Lutz's--Financial Survival Network

View all
Financial Sense(R) Newshour by Jim Puplava

Financial Sense(R) Newshour

383 Listeners

The Peter Schiff Show Podcast by Peter Schiff

The Peter Schiff Show Podcast

5,663 Listeners

Sprott Money News by Sprott Money

Sprott Money News

150 Listeners

Mining Stock Education by Bill Powers

Mining Stock Education

140 Listeners

Stansberry Investor Hour by Stansberry Research

Stansberry Investor Hour

679 Listeners

Mining Stock Daily by Trevor Hall

Mining Stock Daily

95 Listeners

Gold Goats 'n Guns Podcast by Tom Luongo

Gold Goats 'n Guns Podcast

332 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

251 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,030 Listeners

Eurodollar University by Jeff Snider

Eurodollar University

460 Listeners

Doug Casey's Take by Matthew Smith

Doug Casey's Take

127 Listeners

ITM Trading Podcast by The Daniela Cambone Show and Taylor Made Economics

ITM Trading Podcast

65 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

371 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

71 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

389 Listeners