Logan Allec
Logan Allec
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Don't Know If Your Company Is an S Corp or a C Corp? Watch This!
Did you create your LLC or corporation years ago, haven't filed its tax returns for a while, and cannot remember how it should be treated for federal income tax purposes (for example, whether your LLC is a disregarded entity, an S corporation, or a C corporation)? This is a *must* before you get this business entity caught up on its tax return filings.
Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/
Mentioned IRS Line:
-Business and Specialty Tax Line and EIN Assignment (800-829-4933)
Table of Contents:
0:00 Unsure If Your Business Is an S Corp or a C Corp?
0:30 S Corps and C Corps Are Taxed *Very* Differently
1:07 "What Kind of Business Entity Did You Set Up?"
1:31 Using the IRS ENMOD Transcript to Determine If Your Business Made the S Election
#scorporation #ccorporation #businesstaxes
Переглядів: 137

Відео

They Owe Over $90,000 to the IRS and Are Paying Them $1,554 Per Month!
Переглядів 7054 години тому
What should you do if you owe over $90,000 to the IRS? Here are my thoughts and suggestions! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Table of Contents: 0:00 I Owe $90k to the IRS! 2:04 Can You Change Your IRS Payment Plan? 2:46 If You Own a Home Can You Still Qualify For an Offer in Compromise? 4:25 Try to Go For a Partial-Payment Installment A...
Can Your State Payment Plan REDUCE Your IRS Payment Plan?
Переглядів 2949 годин тому
Can getting into a state payment plan or installment agreement help you reduce what you need to pay to the IRS? Logan Allec, CPA answers this question in this video! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -If I'm On an IRS Payment Plan, Do I Need to Get One With My State?: ua-cam.com/video/QeRfcwdbNgo/v-deo.html Table of ...
IRS Letter 725-B: What It Is and What to Do If You Received One!
Переглядів 92916 годин тому
Did you receive IRS Letter 725-B? Find out all you need to know about it in this video! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -Interest Rate on IRS Debt Is PUMPING [Highest in 16 Years]: ua-cam.com/video/hemSNi10BVA/v-deo.html Table of Contents: 0:00 What is IRS Letter 725-B and Why Is the IRS Sending It Out? 2:33 Unders...
Can I Sell My House If I Owe Back Taxes? How Much Will the IRS Take?
Переглядів 43821 годину тому
Will the IRS take the proceeds of your home sale? Find out what you need to know now! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -Did You Receive an IRS Notice for OLD Tax Debt? Watch This!: ua-cam.com/video/26K4N0ddkxM/v-deo.html -The IRS Partial-Payment Installment Agreement (PPIA) Explained!: ua-cam.com/video/WJn0C7j2vOI/v...
Do IRS Agents Carry Guns? What Kind of Guns? How Many Guns at IRS?
Переглядів 291День тому
Is the IRS even more dangerous than we thought? Find out the specifics in today's video! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Featured Video Link: -Why Isn't the IRS Out of Business?: ua-cam.com/users/shorts4nLHaUVPbSc Table of Contents: 0:00 Does the IRS Have More Guns Than Many Other Countries' Militaries? 0:40 Only Special Agents With IRS...
California LLC Taxes and Fees Explained by a California CPA!
Переглядів 239День тому
California is one of the most expensive states to run an LLC when it comes to taxes. Not only is there an annual $800 tax imposed by the California Franchise Tax Board (FTB) on LLCs, but there is also an LLC fee based on gross receipts! Learn all about the California LLC tax and California LLC fee in this video! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxreli...
5 Biggest Depreciation Mistakes Landlords Make on Their Tax Return
Переглядів 31514 днів тому
Landlords, it is time to listen up, so you don't make these mistakes! Watch today's video to get informed about the most common depreciation mistakes we see on landlords' tax returns! Are you a landlord with tax needs? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Table of Contents: 0:00 The 5 Biggest Depreciation Mistakes that Landlords Make 1:53 Not Taking Depreciation ...
IRS Admits It's Been ERRONEOUSLY Sending Out Tax Due Notices!
Переглядів 67114 днів тому
If you have recently received a tax due notice from the IRS, you may want to hold onto it. Learn more about this recent IRS announcement in today's video! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -Tax Debt Relief EXPLAINED: Here Are the 8 IRS Tax Debt Relief Programs: ua-cam.com/video/Ti63ecXv4G4/v-deo.html Table of Content...
IRS Agents Throw Local Domino's Pizza Guy in PRISON for Tax Crimes
Переглядів 57914 днів тому
The IRS is looking for a piece of your pie. Don't end up like Domino's franchise owner Ammar Jali, who was sentenced to federal prision for tax crimes. Watch this video to learn from his mistakes! Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Article Link: -Domino’s Pizza franchisee sentenced to a year and a day ...
Will Finding Out Your IRS CSED Give the IRS More Time to Collect?
Переглядів 38014 днів тому
Are you scared of your CSED and are equally scared to find out when exactly it is? Don't be, learn more about it in this video! Do you have unfiled tax returns that need filing? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -IRS Statute of Limitations on Collections Explained in Full by a CPA: ua-cam.com/video/gPnPyRRCX_M/v-deo.html Table of Contents...
How to Lower Your IRS Payment Plan: Two Strategies
Переглядів 27121 день тому
Can't afford or want to speed up your installment agreement? Learn in today's video the options you can take to reach your goal! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/ Mentioned Video Link: -The IRS Partial-Payment Installment Agreement (PPIA) Explained!: ua-cam.com/video/WJn0C7j2vOI/v-deo.html Table of Contents: 0:00 There Are Two Ways to Low...
How Long Does It Take for the IRS to Respond to a CP2000 Response? WHO KNOWS
Переглядів 31421 день тому
How Long Does It Take for the IRS to Respond to a CP2000 Response? WHO KNOWS
When Does the Fresh Start Program End?
Переглядів 41221 день тому
When Does the Fresh Start Program End?
Is This Offer in Compromise Marketing Letter a SCAM?
Переглядів 35228 днів тому
Is This Offer in Compromise Marketing Letter a SCAM?
IRS Auditor Says Small Business Owner Owes $70,000!
Переглядів 60128 днів тому
IRS Auditor Says Small Business Owner Owes $70,000!
Tax Attorney Made $185,000 MISTAKE (We Fixed It)
Переглядів 440Місяць тому
Tax Attorney Made $185,000 MISTAKE (We Fixed It)
Business Received CP161 and CP504B Notices From the IRS!
Переглядів 330Місяць тому
Business Received CP161 and CP504B Notices From the IRS!
Does the 401(k) Early Withdrawal Penalty Fall Off After 10 Years?
Переглядів 520Місяць тому
Does the 401(k) Early Withdrawal Penalty Fall Off After 10 Years?
If I'm On an IRS Payment Plan, Do I Need to Get One With My State?
Переглядів 413Місяць тому
If I'm On an IRS Payment Plan, Do I Need to Get One With My State?
Did You Receive an IRS Notice for OLD Tax Debt? Watch This!
Переглядів 1,2 тис.Місяць тому
Did You Receive an IRS Notice for OLD Tax Debt? Watch This!
How Long Does an IRS BANK LEVY Last?
Переглядів 613Місяць тому
How Long Does an IRS BANK LEVY Last?
Optima Tax Relief Complaints: Let Me Know in the Comments!
Переглядів 464Місяць тому
Optima Tax Relief Complaints: Let Me Know in the Comments!
Can the IRS Take Money From Your PayPal Account?
Переглядів 455Місяць тому
Can the IRS Take Money From Your PayPal Account?
Can You Make Extra Payments on Your IRS Installment Agreement?
Переглядів 425Місяць тому
Can You Make Extra Payments on Your IRS Installment Agreement?
Can You Still Get an Installment Agreement After Receiving a CP504 Notice?
Переглядів 431Місяць тому
Can You Still Get an Installment Agreement After Receiving a CP504 Notice?
Does a Partnership Have to File a Tax Return If It Has No Income?
Переглядів 381Місяць тому
Does a Partnership Have to File a Tax Return If It Has No Income?
Offer in Compromise Tips When You Owe Back Taxes and Your Spouse Doesn't
Переглядів 433Місяць тому
Offer in Compromise Tips When You Owe Back Taxes and Your Spouse Doesn't
How Far Back Can You File Taxes and Get a Refund?
Переглядів 7402 місяці тому
How Far Back Can You File Taxes and Get a Refund?
IRS Revenue Agent ARRESTED On Tax Charges Over Only $20,000 in Taxes!
Переглядів 2,5 тис.2 місяці тому
IRS Revenue Agent ARRESTED On Tax Charges Over Only $20,000 in Taxes!

КОМЕНТАРІ

  • @foxgun100
    @foxgun100 Годину тому

    MF shows their political bias when commenting on stocks. I read this posts then do opposite. Works for me.

  • @aurorapaisley7453
    @aurorapaisley7453 9 годин тому

    Hey dont insult rocks like that. At least rocks have practical use to them

  • @TopicFocus
    @TopicFocus 14 годин тому

    Is it even possible to apply for this job without a degree?

  • @skr6511
    @skr6511 17 годин тому

    i.q of a rock? what qualifications would I need to get a job? I have a driver's license, a SSN and I am currently breathing.

  • @michellealanis1947
    @michellealanis1947 19 годин тому

    As a person who has spoken with many of the IRS call center agents...I have to say that this is so true and I have said the exact same thing about them many many times 😂😂😂

  • @c7042
    @c7042 22 години тому

    The problem with MF is they will write 3 recommendations for buy and 3 recommendations to sell on the same stock. Depending which way the stock goes, then 3 of the recommendations disappear. I lost $12K about 20 years ago being stupid enough to follow MF as an advisor. It's as bad as listening to Jim Cramer. Stay away from MF. My portfolio is $225K fixed income (CDs and MM funds), $45K in the market, and $817 cash-on-hand. I'm 75 and retired so had a low risk investment strategy. I'm close enough to death that I'm thinking of increasing market exposure to 50% might be a good move for my heirs. Looking at $90K investment in S&P500 index funds (Warren was right!) in the next year as various CDs mature. I can get nearly the return in MM funds as CDs without loss of liquidity. The local bank just informed me that the interest rate on my $40K CD (5.271%) will now be 3% on renewal, I guess they think my dementia is worse than it is. Bad move on their part. I noticed that their VISA charge card interest on unpaid balances hasn't dropped by 2.271% by the way.

  • @Mrnatox
    @Mrnatox День тому

    As a geologist, I find this offensive towards rocks!

  • @maxmt4325
    @maxmt4325 День тому

    Waiting to hear back from my tax guy but I did online gambling and won over $1200 a few times so they added that up and my proposed amount was $2500. I'm assuming my win/loss statement will take care of this being my statement has a net loss more then I won.

  • @CodetheFirst
    @CodetheFirst День тому

    I got my Xbox gift card delivered and it took a whole week for me to get it idk if it's worth the wait😭

  • @Jimbo12880
    @Jimbo12880 День тому

    thank you

  • @Lourin911
    @Lourin911 День тому

    Not sure whats funnier .. Pubic Radios name . Or the Rock IQ 🪨

  • @aphrodite7194
    @aphrodite7194 2 дні тому

    IRS have infinite money printer. No need for taxes.

  • @tammymay1839
    @tammymay1839 2 дні тому

    Ask Lesko grant channel shows a few options for tax forgiveness. Can you please cover this topic?

  • @ebiiiram
    @ebiiiram 2 дні тому

    Really For free ?

  • @triciagunberg5265
    @triciagunberg5265 3 дні тому

    My IRS online account shows payment received on March 11. I have received 3 letters demanding this $131.00 owed, a levy notice dated June 17 arrived a few days ago. WTF? I am on hold (30 minutes or more) right now after calling taxpayeradvocate.irs.gov ... they have transferred my call to 'accounts management'.

  • @jordon_d6
    @jordon_d6 3 дні тому

    Just emailed you!! Please get back to me asap in regards to your broker

  • @jordon_d6
    @jordon_d6 3 дні тому

    Any sites you’d recommend to sell tradelines? Tradelines supply is no longer accepting sellers

  • @dannygoldbach3243
    @dannygoldbach3243 3 дні тому

    25% of my purchases "expire" and i dont get the cash back wish there was a video on how to stop that

  • @marieotoole9920
    @marieotoole9920 3 дні тому

    The form doesn't mention subtracting monthly expenses from my bank account amount. Would I do that myself before writing down the amount in the account? Ex. monthly expenses: 2000, bank account: 1800, so then I write 0 and then 0 - 1000 = 0?

  • @MichellAngless
    @MichellAngless 4 дні тому

    Thank you for the update 😊

  • @chrisguli2865
    @chrisguli2865 4 дні тому

    Hasn't filed in 20 years?...how about the state ? CA? Filing and paying the IRS is half the battle and the other half in the state, unless it's one of the tax free states like FL or TX. This person needs to win the lottery.

  • @frankieacer27
    @frankieacer27 4 дні тому

    Every time I put the A number i get a no case found with that A number. Do i still have to wait for a bit more time and check again?? Thank you

  • @tharangawijesinghe3374
    @tharangawijesinghe3374 4 дні тому

    Best video I ever seen

  • @ZAIRGAS_HAVEN
    @ZAIRGAS_HAVEN 4 дні тому

    Idk why your video sounds i can hear just from my right earbud piece not from both

  • @Igorath
    @Igorath 4 дні тому

    6oz of lead says they right. course then you're gonna need alot more of it.

  • @creativesoul1977
    @creativesoul1977 5 днів тому

    I've made $100 so far with mistplay. I am a grandma with a lot of free time. I was already playing games on my phone so I figured I would try it. You do have to play a lot. If you already play games on your phone it's definitely worth it.

  • @nese-ws8cn
    @nese-ws8cn 5 днів тому

    Anyone in 2024 ??

  • @deebree1054
    @deebree1054 5 днів тому

    Thank you for your honesty!!!!

  • @myd0gr3x
    @myd0gr3x 6 днів тому

    Secretary of the IRS Treasury OR Secretary of the U.S. Treasury?

  • @mar10ssj1
    @mar10ssj1 6 днів тому

    The illusion of choice/power.

  • @baronvontollbooth484
    @baronvontollbooth484 6 днів тому

    I've never known a sovcit to be right about anything.

    • @keithlightminder3005
      @keithlightminder3005 6 днів тому

      Had a neighbor who was a very vocal sovereign citizen, new Chinese student attending agricultural university neighbor moved in next to him with lots of loud ducks in their pool. He Called city authorities and provincial authorities very quickly, I’m not sure if he even bothered trying to talk to her. It became common for people to shut down his political hard line rants with “unless she has ducks”.

    • @baronvontollbooth484
      @baronvontollbooth484 6 днів тому

      @@keithlightminder3005 😃 That's funny! I hope that guy wasn't giving out 'free legal advice' to anyone within listening distance like most of them do.

  • @carluptagrafft8563
    @carluptagrafft8563 6 днів тому

    The IRS can't take your stuff. The courts will order law inforcement to make it so. 😂

  • @edwardpaddock2528
    @edwardpaddock2528 6 днів тому

    Laws do not apply to the people who make them.

  • @Bbbmurr
    @Bbbmurr 6 днів тому

    We the people foundation has a reward if u can show the law the requires a employee to pay income tax it should be easy money for an expert to find

  • @Mzpaigne
    @Mzpaigne 6 днів тому

    This video was very helpful! I only have one issue. All of my income comes from contract work and I’m paid as 1099. Lyft, Real Estate Agent, and a contractor for FEMA. I owe $13,000 for 1 year and I only made $62,000. What section of the package will I fill out this income?

  • @Marty13B
    @Marty13B 6 днів тому

    We got the 2nd amendment for tyrannical governments

  • @nathandean1687
    @nathandean1687 6 днів тому

    and u can sue them in court as well. and sue every last one . qulified immunity doesnt extend to the workers.

  • @rick343
    @rick343 6 днів тому

    Nobody who works for a living should file, until it's free and simplified, there's no reason for the complexity and red tape, and it's backwards, billionaires pay nothing while working poor pay a chunk of their wages every paycheck, the fact that this goes on is a testament to the lack of backbone of the American public. All we need is for everyone to say I'm in, let's do something about it, I'm in.

  • @WesNorton-xd1ln
    @WesNorton-xd1ln 7 днів тому

    Time for the We the people to end the IRS by retiring the agents one by one.

  • @licey71
    @licey71 7 днів тому

    Is this simple interest? Did not catch it if you mentioned it.

  • @sierra-legacyavila
    @sierra-legacyavila 7 днів тому

    Mouse is correct

    • @WhereMyCountryLies
      @WhereMyCountryLies 6 днів тому

      no

    • @sierra-legacyavila
      @sierra-legacyavila 6 днів тому

      @@WhereMyCountryLies show me the law that says Americans have to pay a federal income tax.

    • @WhereMyCountryLies
      @WhereMyCountryLies 6 днів тому

      @@sierra-legacyavila funny guy

    • @WhereMyCountryLies
      @WhereMyCountryLies 6 днів тому

      @@sierra-legacyavila show me one case court where the judge let somebody NOT pay income tax. just one

    • @sierra-legacyavila
      @sierra-legacyavila 6 днів тому

      @pierreranger69 it's all unconstitutional. The courts, Congress, the defacto government. Is that your answer. Actually, there are a few cases in which individuals win against the IRS and have never had to pay taxes.

  • @midnite1235
    @midnite1235 7 днів тому

    Informative video! Will the IRS file a tax lien On a person, If they owe less than $25k? Thank you!

  • @HavingCoffieWithMrSatan
    @HavingCoffieWithMrSatan 7 днів тому

    Washington DC mr Satan said the reeee

  • @keyoncovington4119
    @keyoncovington4119 7 днів тому

    This is a shake down to recover all the money the government stole

  • @HavingCoffieWithMrSatan
    @HavingCoffieWithMrSatan 7 днів тому

    Mr Satan said the reeeee the IRS now is called a private federal greed scam that only the federal employees only had to pay the IRS in the past

  • @HavingCoffieWithMrSatan
    @HavingCoffieWithMrSatan 7 днів тому

    Mr Satan said the reee

  • @ericdavis681
    @ericdavis681 8 днів тому

    My honest opinion is mixed. I've had a 50/50 success rate. Several of their recs have tanked since 2021 while the market is up as a whole. Keep in mind they say they are into long term. They also tend to recommend stocks when they are on the expensive side, so they can go up slightly, then really go down, as I mentioned above. It's not a scam, but its not a cash windfall either. I've still done better long term with good S&P mutual funds, which you mentioned.

  • @QuandriaLaunese
    @QuandriaLaunese 8 днів тому

    I setup a consultation and received a person name Alec. He was very RUDE. I ended up telling him “I will go somewhere else” and I hung up !!! I don’t understand why someone would be so confusing and rude to someone looking for help. I’m highly disappointed because I really thought this person in this video would be best to help me.

    • @LoganAllec
      @LoganAllec 8 днів тому

      Hi Quandria. So sorry about this! He is new. Please call my assistant Hailey at 213-296-2838 today or next week and ask to speak with Mary (she is my most experienced and has been in this industry longer than I have) and let me know here how the call with Mary goes.

    • @QuandriaLaunese
      @QuandriaLaunese 8 днів тому

      @@LoganAllec Ok thanks

  • @alansloan88
    @alansloan88 8 днів тому

    Sounds like Mouse is a MAGA nut.

    • @LoganAllec
      @LoganAllec 8 днів тому

      There are a LOT of those types on my TikTok. Not so much on UA-cam.

  • @jamesscott6917
    @jamesscott6917 8 днів тому

    Just check the website for the U.S. Marshals Service seized property auctions. That’s one of the biggest contributors to those auctions.