
Sign up to save your podcasts
Or
In this episode of The Flywheel Effect, hosts Brent Sonnek-Schmelz and Matt Bernath talk with Carlos Samaniego, a tax expert and founder of Tax Debt Consultants, LLC. They discuss the realities of unfiled taxes and the consequences business owners face when they ignore the IRS. Carlos shares his personal story of not filing for eight years and the fear that comes with it.
The conversation explores common mistakes that trigger audits and collections. For contractors, the IRS can levy 100% of their income. For S-Corp owners, failing to pay a reasonable salary is a major red flag. Carlos also explains how co-mingling personal and business funds can "pierce the corporate veil," which removes the liability protections that business structures provide.
Ultimately, Carlos shows there is light at the end of the tunnel. He explains the IRS's 6-year lookback rule for those who come forward voluntarily and offers practical steps to get compliant. This episode provides a clear, direct look at why you should face tax problems head-on.
5
77 ratings
In this episode of The Flywheel Effect, hosts Brent Sonnek-Schmelz and Matt Bernath talk with Carlos Samaniego, a tax expert and founder of Tax Debt Consultants, LLC. They discuss the realities of unfiled taxes and the consequences business owners face when they ignore the IRS. Carlos shares his personal story of not filing for eight years and the fear that comes with it.
The conversation explores common mistakes that trigger audits and collections. For contractors, the IRS can levy 100% of their income. For S-Corp owners, failing to pay a reasonable salary is a major red flag. Carlos also explains how co-mingling personal and business funds can "pierce the corporate veil," which removes the liability protections that business structures provide.
Ultimately, Carlos shows there is light at the end of the tunnel. He explains the IRS's 6-year lookback rule for those who come forward voluntarily and offers practical steps to get compliant. This episode provides a clear, direct look at why you should face tax problems head-on.
3 Listeners
24 Listeners