Tax Relief with Logan Allec, CPA
Do you owe back taxes to the IRS or your state government or have unfiled tax returns? Then this is the podcast for you! Every Monday, Wednesday, and Friday, Logan Allec, CPA — owner of A+ BBB-accredited tax resolution firm Choice Tax Relief — explains exactly how to get tax relief for your back tax debt. Would you like a FREE tax relief consultation with Logan's company, Choice Tax Relief? Schedule your consultation now by calling 866-8000-TAX!
Tax Relief with Logan Allec, CPA
I Owe $29,000 for My Brother’s Business… What Can I Do?
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A viewer opened a Square account in their own name for their brother’s business. Now they have an IRS letter saying they owe $29,000. Can they show the income belonged to their brother?
In this video, I explain why a Form 1099-K issued under your name can create an IRS income-matching problem, why the exact notice matters, and how the next steps can differ between a CP2000 response and audit reconsideration after tax has been assessed. I also discuss nominee income and the records that could help support the explanation.
Owe the IRS or your state at least $10,000 in back taxes, or have multiple years of tax returns you need to file? You qualify for a free consultation with Choice Tax Relief:
https://choicetaxrelief.com/free-tax-...
Call 866-8000-TAX (866-8000-829).
CHAPTERS
00:00 A $29,000 IRS letter over a brother’s business
01:04 Opening a Square account for someone else
01:53 Why the 1099-K points to you
02:22 Which IRS notice did you receive?
03:42 Responding to a CP2000 with documentation
04:17 If the tax is already assessed: audit reconsideration
04:51 Amended returns and nominee income
06:16 Records that could support your explanation
06:53 When family members use your name
07:34 Free tax relief consultation
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The exact notice, deadlines, and supporting records matter. This video discusses a viewer’s situation for general educational purposes and does not establish that any particular response will eliminate a tax bill.
#TaxDebt #1099K #IRS