IRS Penalty Relief: What You Need to Know About Restarting Notices

If you've been hit with IRS penalties, don't miss this update! The IRS is restarting the issuing of notices and offering penalty relief to help taxpayers get back on track. Learn what this means for you, how to take advantage of the new rules, and what steps you can take to minimize or eliminate penalties. Watch now and avoid costly penalties, and get peace of mind knowing you're in compliance with the IRS.

Get a FREE! FREE! copy of the book at www.getmytaxbook.com

Beginning February 1, 2024, and for every 1st of month until July 1, 2024, I will be hosting a webinar titled, "How To Protect Yourself From The IRS & Resolve Your Tax Debts!". You can get free tickets for this event by clicking the following link: [ Ссылка ] or by searching Eventbrite.

Hey, my name is Wayne Scully, owner of W. SCULLY, CPA, PC, and I am a tax and business strategist. Our focus is to provide solutions to landlords, flippers and real estate pros in the NY Tristate area. My firm offers tax compliance, business consulting, and high value tax planning strategies to save thousands of dollars.

Wayne migrated from Jamaica in the 1990s; now lives in Queens, NY. He enjoys biking, running, & strength training. He is a proud father of one.
Tagline: “Taxing you is their job, saving YOU is ours...or we'll give you $100!"

Website: www.wscullycpa.com
Email: wayne@wscullycpa.com
Office mobile: 718.938.4601 (text me, anytime!)
Mailing address:
126-15 Foch Boulevard #200532
South Ozone Park, NY 11420-0019

Office Address (by appointment only):
108-14 72nd Avenue, 2nd floor
Queens, NY 11375

Wanna chat with me? Pick a convenient time on my calendar: [ Ссылка ]
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Check out these other cool videos from another channel I have:
TAX PROBLEM SOLVED: [ Ссылка ]
Tax Resolution Overview by Wayne: [ Ссылка ]
Owe Back Tax: [ Ссылка ]

Check out season 1 & 2 of our podcast, “Black Pros on Money, Honey!”: [ Ссылка ]
The Black Pros On Money, Honey! is a frank discussion that provides the best information on Tax Strategy, insights for financial literacy, and developments in the technology behind these sectors. Each week, you hear first-hand accounts from seasoned practitioners, who provide no-B.S. answers to your biggest questions, new perspectives on how professionals create narratives that address tax/financial issues, or just simple information to keep you informed & proactive when it comes to money matters. Welcome to the show in the know, “Where none of us are smarter than all of us.”

Check out my book, "21 Tax Topics to Compliant & Save Money!" Buy now on Amazon paperback and Kindle by clicking: [ Ссылка ]. Or, get a FREE! FREE! copy at www.getmytaxbook.com.

Book Description: Do you want to effectively navigate the IRS tax maze? If your answer is yes, then this book is for you. But, even if you only want to learn more about taxes, this book is for you because it's chock full of great information for every taxpayer. Unlock the answers to some tax traps and pitfalls, and save money. The author interjects humor and interesting stories focused on real taxpayer interactions to illustrate ways your problems can be solved. Tax problems can find you, whether you are black or white, rich or poor, self-employed or employed by someone. The main thing to remember is that there is a solution to every tax problem.

This book discusses often forgotten or unknown taxpayer rights and protections; negotiating installment agreements; ways to effectively abate or get rid of penalties, and even interest. On radio and TV adverts, tax resolution companies talk a lot about "pennies on the dollar" settlements, which are often not so simple. Therefore, the book debunks myths associated with the offer-in-compromise program. Liens and levies are scary, because who wants to lose their assets, so it tackles those topics too.
00:00 Introduction & tax book promo
00:19 Overview of penalty abatement + notices
00:48 4.7 million impacted
01:47 Dollars saved
02:27 Notice suspensions
02:52 Special reminder notices
03:18 IRS agents don't work for you
03:59 Average savings
04:21 Debt criteria requirement
05:17 Due a refund?
05:39 Assessed taxes and penalty relief
06:45 Refunds on transcripts
07:09 Payment Options
07:32 Unfiled returns
08:02 Restart mailing notices
08:33 Penalties & Interest rates
09:33 Mandatory interest collection
09:58 Final thoughts

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