303. The Power of Tax Resolution with Carlos Samaniego

Send us a text

Join us on Average Joe Finances as our guest Carlos Samaniego, discusses his transformative journey from a young EMT making financial mistakes to becoming a tax debt consultant. Carlos recounts how bad advice led him to claim excessive tax exemptions, resulting in a significant IRS debt and years of unfiled taxes. This tumultuous experience inspired him to help others navigate tax issues, ultimately leading to the founding of his company, Tax Debt Consultants. Carlos shares valuable insights on dealing with IRS debt, the importance of immediate action, and the role of tax professionals in safeguarding against compounded interests and penalties.

In this episode:

• Learn how unresolved tax issues can snowball and why early intervention is key to minimizing damage.
• Discover the power of representation and how a tax professional can negotiate massive debt reductions.
• Grasp the importance of separating personal and business finances to stay organized and audit-ready.
• Understand why ignoring IRS letters only worsens your situation and how facing them can lead to relief.
• And so much more!

Key Moments:

01:35 Meet Carlos Samaniego: A Journey from Military to Tax Professional

02:12 The Tax Mistake That Changed Everything

04:00 The Road to Tax Debt Consultants

05:56 The Importance of Hiring a Tax Professional

10:33 Understanding Tax Problems and Resolutions

14:01 The IRS and COVID: A Collection Pause

15:32 The Consequences of Ignoring IRS Letters

19:06 Non-Filers: The IRS is Watching

23:25 Success Stories: From Massive Debt to Relief

27:32 Success Stories and Their Importance

28:23 The Offer in Compromise Program Explained

30:37 Negotiating with the IRS: Real-Life Examples

31:57 The Five-Year Probation Period

35:01 Choosing the Right Tax Professional

37:35 Final Round: Quick Fire Questions

44:55 Where to Find More Information

46:58 Closing Remarks and Thank You

Find Carlos Samaniego:

Speaker Website:https://carlossamaniego.com/   

Company Website: https://www.taxdebtconsultant.com/

LinkedIn: https://www.linkedin.com/in/carlossamaniego/

Facebook:https://www.facebook.com/taxdebtconsultant/

Instagram: https://www.instagram.com/jcarlossamaniego/

X: https://x.com/carlossamaniego 

Average Joe Finances®

All of our social media links and more: https://averagejoefinances.com/links

About Mike: https://mikecavaggioni.com

Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

*DISCLAIMER* https://averagejoefinances.com/disclaimer

See our full episode transcripts here: https://podcast.averagejoefinances.com/episodes

Support the show