Video version: https://youtu.be/bhkoCUyfiqQ
Document discussed in this podcast
Form 843: https://www.irs.gov/pub/irs-pdf/f843.pdf
Today Nick dives into the topic of how to request first time penalty abatement from the IRS. (Tax Forgiveness letter).
Topics We Discuss On our Show
Business Taxes
Bookkeeping Management
Tax Breaks for Business and Contractors
What to do with Crypto Taxes
Health Savings Accounts
Teachers Retirement Credits
Retirement Savings
Living Wills and Trusts
Real Estate Transfer and Taxes
1031 Exchange
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About our firm:
Mitzi E. Sullivan CPA, PLLC is a established firm in Decatur TX that offers client-centered assurance, tax, and financial advisory services, specializing in small and medium-sized enterprises (SMEs), from inception to initial public offering.
We serve clients all over North America working with Fortune 500 companies to Startup Businesses.
We keep everyone updated on the latest tax laws and businesses information so you don't have to.
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About our firm:
Mitzi E. Sullivan CPA, PLLC is a established firm in Decatur TX that offers client-centered assurance, tax, and financial advisory services, specializing in small and medium-sized enterprises (SMEs), from inception to initial public offering.
We serve clients all over North America working with Fortune 500 companies to Startup Businesses.
We keep everyone updated on the latest tax laws and businesses information so you don't have to.
Video Chapters:
The Problem - 0:00
What the IRS does - 00:30
Amending your 1040 - 00:39
What we recommend - 1:17
Potential reasons to request penalty abatement - 2:30