Are you tired of overpaying for tax preparation services? Do you want to take control of your finances and prepare your own taxes with ease? This video is your ultimate guide to preparing your own taxes like a pro! From gathering necessary documents to navigating tax forms, we'll walk you through every step of the process. You'll learn how to identify deductions and credits, report income and expenses, and avoid common mistakes that can cost you money. With our easy-to-follow guide, you'll be confident and prepared to file your taxes on time and maximize your refund. So, say goodbye to tax anxiety and hello to financial freedom!

00:00 – Intro: Anyone Can Prepare Taxes?

04:04 – The Only Requirement: Get a PTIN

08:21 – Why the Tax Prep Industry Is a Racket

13:28 – How the Tax Code Got So Complex

18:01 – Middle-of-the-Road CPAs and Missed Opportunities

22:07 – Business Use of Home: The Most Overlooked Deduction

26:06 – How to Rethink Paying for Tax Prep

30:00 – The EFIN, Refund Loans, and Wrapping Up

Description: If you’ve ever received a letter from the IRS, your first instinct might be to panic or ignore it. Both are terrible ideas. In this episode of Stacks Over Tax, Mark Lewis breaks down exactly what to do when the IRS sends you mail, how their letters are designed to scare you into compliance, and the commercial law secrets that give you the upper hand. Watch now to protect your business and your bank account.Chapters:00:00 - Introduction00:03 - Why Ignoring the IRS is the Worst Mistake00:21 - What Is an Enrolled Agent (EA) and Why It Matters01:50 - Why IRS Letters Are Designed to Scare You03:44 - The “Commercial Dishonor” Rule That Can Cost You Everything05:36 - How to Properly Respond to the IRS (Step-by-Step)07:57 - Why You Should NEVER Call the IRS First10:56 - The Power of Certified Mail & Return Receipts12:45 - The Secret IRS Fear Tactics Hidden in Their Letters15:00 - How to Use the Uniform Commercial Code (UCC) to Your Advantage17:01 - The “May” Trick the IRS Uses to Confuse You19:08 - Why Business Owners Get Different (Nicer) IRS Letters20:29 - Closing Thoughts & Free Executive Wealth Kit~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA). An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~

Think trusts protect your assets? Think again. There's a massive amount of misinformation about trusts, and most people (including attorneys) get it wrong. Whether it's revocable vs. irrevocable trusts, asset protection, probate, or the hidden tax implications—this episode will clear up the confusion and show you exactly how to use trusts the right way.📌 CHAPTERS:0:00 – Intro: The Truth About Trusts That No One Talks About2:36 – The Biggest Myths About Trusts (And Why People Get It Wrong)3:53 – How Many Trusts Are There? (Hint: More Than You Think)6:57 – The Real Purpose of Trusts: It’s Not What You Think12:30 – Revocable vs. Irrevocable Trusts: The Crucial Difference22:10 – Why Revocable Trusts Don’t Protect Your Assets33:03 – The Power of Irrevocable Trusts (And What You Must Know)39:50 – The #1 Mistake People Make When Setting Up a Trust43:40 – Why Your Family is the Biggest Threat to Your Trust50:53 – The IRS’s New Trust Rules You Need to Know55:10 – Why You Should Never Rely on Just a Trust (Corporate Structures Matter)~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA). An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~For More Resources:Trusts: 3 myths and the real story behind themMyth #1– My family member will make a great trustee. Myth #2: It’s tough to get distributions from a corporate trustee.Myth 3: A corporate trustee can’t manage a trust that has illiquid assetshttps://privatebank.jpmorgan.com/nam/en/insights/wealth-planning/trusts-3-myths-and-the-real-story-behind-themMyths and Facts About Trusts- Myth:  My will is the only estate planning document I need. Fact:  ONLY assets in your (single) name are controlled by your will.https://www.counseltrust.com/individuals-organizations/trusts-estates/myths-facts-trusts/The Truth About Trusts- From revocable living trusts to charitable remainder trusts to celebrity trusts gone wrong, trusts are one of the most misunderstood estate planning toolshttps://cpllawfirm.com/blog/the-truth-about-trusts/#entrepreneur #finance #financialfreedom

Your CPA isn’t telling you about these deductions—and there’s a reason why. The IRS has explicitly advised CPAs and tax professionals not to disclose certain deductions because they require “too much burden of proof.” But that doesn’t mean you can’t take them—it just means you have to know about them yourself.📌 CHAPTERS:0:00 – Intro: The Second Round of Hidden Deductions CPAs Avoid5:12 – The Myth of High Taxes: Why the Wealthy Pay Less Than You Do6:35 – Sales Tax Deduction: The Overlooked Write-Off That Saves Thousands10:27 – The Augusta Rule: How to Rent Your Home to Your Business (Legally)12:30 – HSA vs. FSA: What Your Employer Won’t Tell You16:40 – The 8829 Form: The Secret Business Use of Home Deduction22:30 – Why Most CPAs Avoid the 8829 Form (And How It Costs You Money)28:00 – Health Insurance Write-Offs: The Double-Dip Strategy That Works35:10 – Married Filing Separately: Why It’s Often Smarter Than Filing Jointly42:39 – The Truth About 401(k)s and IRAs: The Scam No One Talks About49:11 – How to Force Your CPA to Take Every Deduction Possible~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA) ! An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~For More Resources:Overlooked Tax Deductions and Credits. Deductions and credits that are often glanced over missed https://www.kiplinger.com/taxes/602075/most-overlooked-tax-breaks-and-deductionsThe 10 Most Overlooked Tax Deductionshttps://turbotax.intuit.com/tax-tips/fun-facts/the-10-most-overlooked-tax-deductions/L2WjmvZAHDon’t Overlook These Valuable Tax Creditshttps://www.irs.gov/pub/irs-news/fs-08-02.pdfMost Overlooked Tax Deductions, Itemizing might save you more than the standard deductionhttps://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp#entrepreneur #finance #financialfreedom

Your CPA isn’t telling you about these deductions—and there’s a reason why. The IRS has explicitly advised CPAs and tax professionals not to disclose certain deductions because they require “too much burden of proof.” But that doesn’t mean you can’t take them—it just means you have to know about them yourself.📌 CHAPTERS:0:00 – Intro: The Hidden Deductions CPAs Won’t Mention3:06 – Why the IRS Discourages Certain Deductions4:04 – Paying Your Kids Tax-Free: What CPAs Won’t Tell You5:00 – The Augusta Rule: How to Rent Your Home to Your Business (Legally)12:30 – Sales Tax Deduction: The IRS-Approved Loophole Nobody Uses15:40 – How Mortgage Interest Fits Into Your Tax Strategy20:10 – Gambling Losses: The Overlooked Write-Off23:00 – Charitable Donations: Are You Missing Tax Savings?27:30 – Medical Expenses and How to Deduct Them the Right Way32:54 – Business Use of Home: The Critical Mistake Most People Make39:15 – Why CPAs Avoid These Deductions (and How to File Correctly)44:00 – The Paper Filing Secret That Protects You from IRS Scrutiny🚨 Trending Topics Covered:TaxDeductions, IRSSecrets, AugustaRule, PayKidsTaxFree, SalesTaxDeduction, CPA, TaxLoopholes, BusinessTaxes, TaxPlanning, WriteOffs~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA) ! An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~For More Resources:The Tax Deductions Your CPA Won’t Tell You AboutOverlooked Tax Deductions and CreditsDeductions and credits that are often glanced over missed by taxpayers https://www.kiplinger.com/taxes/602075/most-overlooked-tax-breaks-and-deductionsThe 10 Most Overlooked Tax Deductionshttps://turbotax.intuit.com/tax-tips/fun-facts/the-10-most-overlooked-tax-deductions/L2WjmvZAHDon’t Overlook These Valuable Tax Creditshttps://www.irs.gov/pub/irs-news/fs-08-02.pdfMost Overlooked Tax Deductions, Itemizing might save you more than the standard deductionhttps://www.investopedia.com/articles/tax/09/overlooked-tax-deductions.asp#entrepreneur #finance #financialfreedom

The Truth About IRS Security: What They Really Know About Your BusinessThe IRS knows more than you think. But how much, exactly? And how secure is your business information? In this breakdown, we expose the real risks, the myths, and what every business owner needs to understand about financial privacy, asset protection, and the federal agencies pulling the strings.📌 CHAPTERS:0:00 – Intro: How Much Does the IRS Really Know?2:29 – The IRS vs. Other Agencies: Who’s Actually Secure?5:03 – Business Privacy: Why Some Owners Would Pay $10K to Stay Hidden5:41 – The Only Real Defense in a Trust (And What They Could Have Done to Destroy It)7:10 – The BOI Bamboozle: How They’re Tracking Business Owners9:25 – Single-Member LLCs: Why They Leave You Exposed12:30 – The Hidden Loopholes That Separate Smart Business Owners from the Rest🚨 Trending Topics Covered:#IRS #TaxPrivacy #BusinessSecurity #AssetProtection #LLC #Trusts #FinancialFreedom #BOI #taxloopholes ~~~~Hit Subscribe + ring that bell ~~~~Meet Mark Lewis, EA a trusted tax professional who has earned one of the most prestigious credentials in the field - he's an IRS Enrolled Agent (EA) ! An enrolled agent is the highest credential the IRS awards tax professionals and are the only tax professionals licensed by the IRS with unlimited rights to represent taxpayers before the agency. He has emerged with cutting-edge solutions for business owners who want to become their own financial gatekeepers. His Mission: We Bridge The Gap Between Wall Street Wisdom and Main Street Success.What you can expect:* Tax bills slashed by up to 50% (or more)* Impenetrable fortresses built around their assets* Legacies crafted to last for generations* Real deal on crypto, options trading, and investment strategies Start Here: linktr.ee/ExecutiveMoneyStrategies~~~~Social:Instagram https://www.instagram.com/marksmoneystrategies/ Facebook https://www.facebook.com/marksmoneystrategiesTikTok https://www.tiktok.com/@marksmoneystrategiesLinkedIn https://www.linkedin.com/in/markedwardlewis/~~~~The information provided in this video should not be construed as legal, tax, or investing advice. This video is designed for entertainment purposes only. You should not act on any of the information contained herein without seeking professional advice.~~~~For More Resources:IRS Security Business PrivacyIRS privacy policy | Internal Revenue Servicehttps://www.irs.gov/privacy-disclosure/irs-privacy-policyBOI Beneficial Ownership Information Reporting- You may be required to report certain information on your beneficial owners to the U.S. Department of the Treasury's Financial Crimes Enforcement https://fincengov/boiBeneficial Ownership Information (BOI) report penalties by the U.S. Treasury's Financial Crimes Enforcement Network FinCENhttps://www.paychex.com/articles/compliance/beneficial-ownership-information-reporting#entrepreneur #finance #financialfreedom