Tax Relief with Logan Allec, CPA

Logan Allec

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!

  1. 5d ago

    Ignoring the IRS for 10 Years: Does Your Tax Debt Actually Expire?

    What happens if you owe the IRS money and simply…do nothing? The IRS generally has a limited period of time to collect an assessed tax debt. That's where the famous 10-year IRS collection statute comes from. And in this case, someone with old tax debt is wondering whether staying silent could actually work in their favor. They're filing their current tax returns. They haven't entered into a payment plan. They haven't submitted an Offer in Compromise. And, apparently, the IRS isn't actively coming after them. So does the clock keep ticking? In this video, I break down what could happen when an old IRS debt approaches its Collection Statute Expiration Date and why some actions—including certain tax resolution procedures—can actually suspend the collection clock. But there's a huge warning here: Do not take this video to mean that ignoring IRS tax debt is generally a good strategy. While the statute remains open, the IRS may pursue collection through wage levies, bank levies, Social Security levies, accounts receivable levies, and other enforcement actions. The unusual part of this situation isn't that the clock continues running. It's that the IRS apparently hasn't done much to collect before the clock runs out. Need help with serious IRS tax problems? If you owe at least $10,000 in back taxes or have multiple years of unfiled returns, you may qualify for a free consultation with Choice Tax Relief. https://choicetaxrelief.com/ 📞 866-8000-TAX (866-800-0829) #IRS #TaxDebt #IRSCollections #BackTaxes #TaxProblems #TaxRelief #IRSHelp

  2. 6d ago

    Can You Really Pay the IRS $80/Month Until Your Tax Debt Expires?

    A viral post on X claims that instead of paying a huge IRS tax debt in full, you can simply make tiny monthly payments until the IRS's 10-year collection period runs out and the remaining balance disappears. There is a real IRS collection strategy behind this idea: the Partial Payment Installment Agreement (PPIA). The IRS can approve payment plans where the taxpayer isn't expected to pay the entire balance before the Collection Statute Expiration Date. But there's a major piece of context missing from the viral post: you don't simply get to choose an $80 or $400 monthly payment. You generally have to demonstrate through your financial information that the proposed payment is what you can actually afford, and PPIAs can be subject to later financial review. I break down what's right about the viral post, what's misleading about it, how the IRS's 10-year collection statute actually works, and why getting approved for a Partial Payment Installment Agreement can be much harder than simply knowing that the strategy exists. The IRS also identifies several events that can suspend or extend the collection period, so the "10 years and it's gone" concept isn't always as straightforward as it sounds. Do you owe the IRS or your state at least $10,000 in back taxes? Or do you have multiple years of tax returns you need to get filed? Book a free consultation here: https://choicetaxrelief.com/free-tax-... #IRSDebt #IRS #TaxDebt #BackTaxes #IRSPaymentPlan #PartialPaymentInstallmentAgreement #TaxRelief

  3. Aug 10

    Sole Proprietorship Taxes: What Every New Business Owner Needs to Know

    Confused about sole proprietorship taxes after starting your first business? In this video, CPA Logan Allec explains how taxes work for a new sole proprietor—including how to report your business income, make quarterly estimated tax payments, and keep track of your business expenses. You’ll learn: Whether you need to notify the IRS that you are a sole proprietor How business income and expenses are reported on Schedule C When quarterly estimated tax payments are generally due How to make an estimated tax payment to the IRS Why you may also need to make state estimated tax payments Whether a spreadsheet is enough for your bookkeeping Why opening a separate business bank account can make tax preparation much easier How bookkeeping software such as QuickBooks can help categorize transactions How Schedule C income eventually flows onto your Form 1040 Why in-home daycare providers should understand the special home-office deduction rules Sole proprietorship taxes can feel overwhelming when you have always worked as a W-2 employee. The key is to separate your business and personal transactions, maintain accurate records, understand your estimated tax obligations, and prepare for Schedule C at tax time. The business bank account Logan uses: https://loganallec.com/business-bank-... This video is for general educational purposes and is not individualized tax advice. #SoleProprietorshipTaxes #SoleProprietor #SmallBusinessTaxes #ScheduleC #EstimatedTaxes #QuarterlyTaxes #SelfEmployedTaxes #TaxTips

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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!