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January 25, 2024

Steve gets a letter from the IRS

20 minutes

Steve gets a surprise letter from the IRS, and it’s not good news. But with his wits about him, and with copious documentation, he’ll ride out the storm in style.

Getting IRS correspondence is never fun, but as long as you keep your records, have a good tax pro on your side, and don’t panic, it’s totally manageable.

In this episode, Steve explains the basics of dealing with IRS correspondence, and it’s less scary than you think.

(00:00) - Literal guinea pigs

(02:27) - Steve gets some ominous mail

(04:29) - What went wrong?

(07:37) - What if Steve didn't have his documentation?

(09:27) - Open your IRS correspondence!

(10:46) - Should you hire a tax pro to do this?

(13:22) - Taking the deductions you're entitled to, as long as you can back it up

(16:00) - Who's liable for your taxes?

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Steve Nay:

https://daybreaktax.com/
https://www.linkedin.com/in/nsteven/

Tyler Smith:

https://www.tylersmith.io/
https://www.linkedin.com/in/tylersmith-io/

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By Steve Nay and Tyler Smith