Surviving IRS Notices: Strategies for Small Business Owners

Dec 30, 2024

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What’s scarier than Halloween? Those three little words: Internal Revenue Service. But guess what? You’ve got more power than you think.

In this episode of The Liquid Lunch Project, we sit down with Morgan Anderson, founder and CEO of Golden Lion Tax Solutions, to dive into the nitty-gritty of handling tax debt. Morgan shares her expertise on why small business owners shouldn’t fear the IRS, the common “oopsies” that lead to tax trouble, and actionable strategies to turn a financial nightmare into a manageable plan.

Whether you owe $2,000 or $200,000, this episode will show you there’s always a solution.

Morgan Anderson, known as “The IRS Whisperer,” has spent 25 years helping small business owners navigate the complex labyrinth of tax debt and audits. Combining her love of numbers, law, and problem-solving, she guides clients through their most challenging financial dilemmas. She’s also the author of Tax Debt Rule Number One: There’s Always a Solution.

Key Highlights:

Understanding IRS Notices: Why opening that scary envelope is step one to regaining control.
Levels of Tax Trouble: The difference between “baby problems” and “monster problems.”
Tips for Staying Compliant: Morgan’s advice on making estimated payments easy to manage.
Negotiating with the IRS: From uncollectible status to settlements, learn what’s possible.
Why Bookkeepers Are Gold: How a trusted financial team can save you from costly mistakes.
Real-Life Success Stories: How Morgan helped a client settle $180,000 in tax debt for just $4,800.

If the IRS is keeping you up at night, don’t miss this episode! Morgan’s actionable tips and insider knowledge could be the key to saving your business. Tune in now to take back control of your finances.

Favorite Quote:

“Align yourself with a great bookkeeper and tax professional, and bring those people into your inner circle. Think of them as your priest; confess everything to them.”

Connect with Morgan:

https://www.facebook.com/profile.php?id=100065009094636 https://www.linkedin.com/in/morgan-anderson-ea/ https://www.goldenliontaxsolutions.com/

Stay Connected:

Connect with Matt and Luigi on Instagram: ➡️@matthew.r.meehan➡️ @luigi_rosabianca, ➡️@theLiquidLunchProject➡️@ShieldAdvisoryGroup.

Visit The Liquid Lunch Project website and subscribe to The Weekly, our Friday morning newsletter, for all the latest in the world of finance, tech, small business, and more.

https://theliquidlunchproject.com

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