Over 44 million taxpayers filed with a balance due last season. 80% who owe aren’t in a resolution. Morgan Anderson breaks down the stats, the myths, and what to do right now.
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You see those three letters on the return address and your stomach drops. IRS. Your brain goes straight to worst-case scenarios.
Here is what nobody tells you: 95% of first IRS notices are computer-generated matching alerts. No agent is targeting you. The IRS is cross-referencing your return against data from Venmo, PayPal, and Stripe. That is it.
Tax expert Morgan Anderson joined Stoy Hall on NoBS Wealth to break down what these notices actually mean, the three steps to take the second you open one, and the mistakes that turn a simple fix into a five-figure problem.
An erroneous 1099-R helped the IRS seize a $116,000 refund from a real family. In this episode, we walk through how it happened, how we fought it, and what you need to do so it doesn’t happen to you.
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You can do nothing “wrong” on your taxes and still have the IRS quietly grab six figures of your money because a company filed bad paperwork in your name. That’s exactly what happened in this real 1099-R horror story—and it’s a playbook for how to fight back and win.
Read MoreHeadlines made the One Big Beautiful Bill sound like a gift basket. Reality is sharper. If you are a first-gen business owner, the cost of believing clickbait is a surprise tax bill and a lost year of planning. In this episode, I brought in tax pro Morgan Anderson, EA, to break down what actually changes, what only sounds good on TV, and how to use Q4 to get control before the calendar does it for you. We talk through the truth about “no tax on tips,” why some credits phase out or expire, and how to approach entity realities without pretending write-offs are a magic trick. We keep it practical. Owners get a short, repeatable checklist you can run now, questions to vet a real tax pro, and a mindset shift that keeps politics out of your wallet. Watch the full conversation on YouTube and then put the plan to work. Your future self will thank you.
Read MoreGoogle PodcastsApple PodcastsSpotifyBuzzsproutYouTube That scary letter from the IRS sitting on your kitchen table isn’t a death sentence. Here’s what tax debt experts don’t want you to panic about. Getting a notice from the IRS feels like the world is ending. Your heart races. Your palms sweat. You imagine losing everything you’ve worked for. But…
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