The Chris Voss Show - The Chris Voss Show Podcast – Tax Debt Rule #1: There’s ALWAYS A Solution by Morgan Q. Anderson EA

Episode Date: May 9, 2024

Tax Debt Rule #1: There's ALWAYS A Solution by Morgan Q. Anderson EA https://amzn.to/3UUJhB4 Goldenliontaxsolutions.com Do you have a tax debt owed to the IRS or state that keeps you awake at nigh...t? Are you a tax professional with clients who have a tax debt and are unsure how to help them? Look no further—this book can help! With over 24 years in the tax debt resolution industry, Morgan Q. Anderson, EA, summarizes in Tax Debt Rule #1: There's ALWAYS a Solution the many facets of dealing with a tax debt issue. This book provides easy-to-digest summaries of how tax agencies aggressively handle a tax debt situation and the options available to stop them in their tracks. Summaries of the most common tax debt resolution strategies are shared, as are stories of taxpayers with similar situations and their journey to bring the situation to a final resolution. This book was written to help taxpayers with past-due tax debt and their trusted professionals gain confidence that there is ALWAYS a solution available. All it takes is following the guidance provided and taking one step at a time to get there!

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Starting point is 00:00:00 You wanted the best. You've got the best podcast. The hottest podcast in the world. The Chris Voss Show. The preeminent podcast with guests so smart you may experience serious brain bleed. The CEOs, authors, thought leaders, visionaries, and motivators. Get ready. Get ready. Strap yourself in. Keep your hands, arms, and legs inside the vehicle at all times, because you're about to go on a monster education roller coaster with your brain. Now, here's your host, Chris Voss. I'm Hosea Voss, here from thechrisvossshow.com. The Brie Voss Show.
Starting point is 00:00:42 There you go, ladies and gentlemen. The Iron Lady seems to have done this for the first show. Boy, I sure love the Rachel Paul, that shrill voice the Iron Lady gives me. Welcome to the big show. As always, we're the family that loves you but doesn't judge you. What kind of better family couldn't you have? I mean, most of us have families, and there's a lot of judginess that goes on in those families. But the Chris Foss Show is the family that always loves you.
Starting point is 00:01:01 And as long as you're not an evil person. You know, if you're evil, we might not love you as much but uh if you listen to the show and the wonderful great authors and minds and people that come on that inspire you maybe you'll learn to be less evil so we kind of half accept you see how that's that's working there because we want to change you to be less evil but there's some people you can't save and those are the people in the back anyway guys we have an amazing author on the show today um we'll be talking to her about her amazing book in the meantime uh refer the show to your family friends and relatives give us a like and uh referral there on the itunes uh at goodreads.com fortunes chris foss linkedin.com fortunes chris foss chris foss won the tiktokity she's the author
Starting point is 00:01:40 of the latest book that just came out april 1st 2024 it's called tax debt rule number one there's always a solution morgan q anderson joins us on the show she's a tax professional who's gonna help you with taxes because if there's one thing that's true in life and i forget the man who said it uh there's two things that are constant in life that will always be there death and taxes so um technically if you really think about it uh the taxes part is much better than the death part so maybe we should be less uh less apprehensive about the tax part and uh just kind of enjoy it because the death part doesn't seem to be very enjoyable at least that's what i've heard uh morgan q anderson is always the c is Anderson is the CEO and founder of Golden Lion Tax Solutions
Starting point is 00:02:30 and the author of their latest book. For the last 24 plus years, she has represented thousands of clients before the IRS and state tax agencies successfully identifying the best solution, giving their unique financial solution solution and then negotiating their acceptance she has mastered the complex labyrinth of the irs and state tax systems during her career wow uh good for her i mean that's uh you get those manuals on how to fill your tax return and you need a you need like a doctorate and uh well pursuing resolutions for clients she's escalated her carrier cases of various ranks of the irs even successfully negotiating resolutions for clients, she's escalated her cases up various ranks of the IRS,
Starting point is 00:03:10 even successfully negotiating solutions for clients with the National Taxpayer Advocate and the Director of the IRS Collections Appeals Division. Welcome to the show, Morgan. How are you? Hey, Chris. Thank you. Thank you so much for having me. I'm great. I'm excited to talk about, of all things, taxes. There you go. What's better than talking about, of all things, taxes. There you go. What's better than talking about death? Yeah. See how I set that up?
Starting point is 00:03:29 Ugh. So give us your dot coms or wherever you want people to find you on the interwebs. Yeah, goldenliontaxsolutions.com. And you can find me on LinkedIn and Facebook. That's about it. We keep it pretty simple, basic. We have an amazing library of blogs that I've written about all topics, about all things tax debt related. So you want to get your tax nerd on?
Starting point is 00:03:57 Reach out to us. There you go. Well, this is kind of the season. I think people just, I think people have got to file their taxes, eh? Yeah, yeah. April 15th was the big push. Now all the accountants and CPAs are like, they're all a little brain dead for the next few weeks, deservedly so.
Starting point is 00:04:15 Yeah. It's a crazy push. Maybe they should change it so you have to pay taxes all year round or maybe the filing is different. I know a lot of business people push their taxes off to September and stuff with extensions, right? Yeah. Yeah.
Starting point is 00:04:29 September and October. So there's that push. Yeah. So give us a 30,000 overview of what you guys do there at Golden Lion Tax Solutions. Sure. So we handle tax debt resolution for anybody who has the IRS and the state chasing after them about a debt, about a compliance problem. We step in, throw some armor on and say, follow our lead.
Starting point is 00:04:55 We gotcha. And then we push with the IRS and the state to get to the best solution for you based on your unique financial condition. There you go yeah when people start getting those notices of like your you know audits or or other things is it true that audits are still like really rare uh i think i heard somewhere once that you have a better chance getting shot and murdered than me well i think that's true about going to jail over tax issues, right? I wouldn't know. Thankfully. Annually, only about 500 people go to jail over a tax debt situation. And yeah, so it's an extremely small percentage of the taxpayers across the U.S.
Starting point is 00:05:59 But what that comes with is a big asterisk that states, basically, the IRS and the states are always going to do everything they possibly can to encourage you to address the tax debt issue. If you refuse, if you just flat out won't comply, then they're going to get nasty and ugly. And my message to everybody is it's not as scary as you think it is. Right? You just need to open the notices, find somebody to work on your behalf, work with you. You can get it to a solution. Just don't run from it because that's what makes it escalate and turn into kind of a runaway train. There you go. I saw, you know, there was, you know, you see lots of people that do IRS scams.
Starting point is 00:06:33 There was somebody recently who was a famous, I think, announcer for the NFL or CBS or something. And he was like, he pulled some scam with his company and funneled somehow. It was like $17 million that they didn't pay in taxes somehow. I think one of the most famous things I remember seeing was the actor who played in the movie Blade. Really great actor. Wesley Snipes. Wesley Snipes. Yeah.
Starting point is 00:06:59 He had some sort of scam. He got involved with some guys who were like, yeah, we know how to game the system, and that was a bad idea. Yeah, there's a lot of celebrities that fall to that. Really? They trust the wrong people to manage their money. Yeah. I think, well, there's a few other famous examples. There's the singer, the country singer.
Starting point is 00:07:24 He got in trouble with the IRS and had to make it album that he had to give him and then he just like made an album they're like that's the IRS gets the royalties on that and then I think he's the guy who does every movie and says no to nothing he's the i think he's the nephew or cousin or neat of uh francis ford coppola um nick cage nick cage yeah shakira had a tax debt um there's been a lot of people over the years and it simply comes down to that they aren't paying attention to it right you always leverage wherever you are with your business by hiring people to cover what you don't have time to focus on or isn't your specialty or don't want to focus on. And then when those people do you wrong, you're stuck.
Starting point is 00:08:18 Yeah. We even had someone on the show who ran up a half million dollars in debt. I don't know how much it was in taxes, but basically he was a blue collar contractor underbidding jobs and thought it was really cool because they had a lot of business. Yeah. And he forgot about the paying the taxes part of what you have to do with employment and stuff. Tell us a little bit about how you got into this business. What made you, you've been in it for a long time.
Starting point is 00:08:42 What attracted you to this business? What motivated you to get into it? What do you really find fulfilling in helping people? You know, I tripped into the industry, to tell you the truth. I was managing a candle store in Boulder, Colorado on the famous Pearl Street Mall, bored out of my mind, right? I love numbers, love law, love helping people. And I answered an ad for an assistant, an administrative assistant. And it happened to be for a company that did tax debt resolution services. And I fell into this world that I love. You know, you know, if you've been doing something for almost 25 years and you wake up every morning saying,
Starting point is 00:09:25 what do I get to handle today? Right. And you're still inspired by doing right by your clients and fighting for the best outcome you can get for them. You're in the right world. You're in the right career. And that's what it is for me. Yeah. Well, you got to find something you love. And it's great that you find something you love that maybe a lot of other people are like, oh no, what a headache. People like math. I think that's part of the problem with taxes. Yeah. That's part of it. I have to add compute. So there you go. So when people want to work with you or have you take a look at them, I imagine you deal with both individual tax situations and business.
Starting point is 00:10:08 Yeah, we do. We do. I would say about 90% of our clients are small business owners. And we handle IRS and state tax agencies because we're licensed as enrolled agents by the federal government. So we're not confined to operating within a state like a CPA or an attorney. So, yeah. There you go. That works out pretty good.
Starting point is 00:10:32 I know they, didn't they recently roll that out a few years ago? I had a friend who became a tax thing and he had to go through all the testing and stuff with the IRS or something. Ah, the enrolled agent program has been around a lot longer than I've had my license, and I've had it since 2004. But it's not as well known. People say, oh, I need help with my taxes, and they look for an attorney or a CPA. But enrolled agents have been getting out there more and more. Wow. Yeah, I just learned of it the last couple of years because my friend got into doing taxes.
Starting point is 00:11:05 And he's like, yeah, I take this course. And I'm like, wow, okay, well, that's interesting. But yeah, you want somebody who knows the IRS system to help. I mean, talk about what is the difference advantage that someone has working with you over hiring an attorney or a CPA to clean up maybe a mess they made. Well, part of it is you want to look for somebody who's been doing it a long time, right? Anytime you've got something, especially as intimate as a financial situation, you want to make sure you've got the best that you can possibly find to represent you. And, you know, that's a lot of what we depend on with our reputation is the
Starting point is 00:11:48 longevity of how long we've been in a space. And if you've been in a space for 25 years, and you're not an expert, maybe you should find something else. I'm just going to throw that out there. But, you know, we've seen and handled and resolved pretty much any type of tax debt situation you can think of. It's pretty impressive when I look back, and I'm not trying to be egotistical or anything, but when you look back and you see all the different lives that you've impacted through the work that you do, it still gives you goosebumps. There you go. Well, the letters can be scary.
Starting point is 00:12:29 Anytime you owe money to somebody, they can be scary. And sometimes if you're getting behind, they can be scary. But I think the IRS even more so because I think people fear jail. They're like, oh, no, I could go to jail if i don't answer this letter um and uh so i guess one of the ways you help kind of emotionally diffuse all that and help people work on an intellectual basis to go hey we we have this resolved that's that's why i kind of like your book the title of it is there's always a solution and that's your communication through it is there's a way you just have to address it. You can't ignore it. Right. It's when you ignore it that the penalties and the interest just start snowballing.
Starting point is 00:13:09 I've had a lot of clients come to me and like, I've been afraid to file my tax returns for the last few years because I know I'm going to owe them. Okay, let's draw a big old deep line in the sand, right? Like from now on, you have to be good good let's get that focus accomplished first and then we focus on the solution to the old stuff i'll hold the irs or the state at bay while we get you in compliance and then we'll work out a solution there's always a solution i have never had a client case in the thousands that i've handled that we couldn't resolve. Wow. Yeah. There you go.
Starting point is 00:13:48 And so, yeah, there's a good lesson for people. Just deal with it. And so what are some other aspects of the book that people will find in there? Ooh, how about the key to audits? Oh. If you get a notice from the IRS or the state saying, oh, we need to audit your 2022 tax return, for example. I have tips and tricks on how to address it, what you can do yourself to try to save money, right? And how to deal with them and how to make sure that you leverage the negotiation
Starting point is 00:14:21 on your terms versus theirs. And when you should get somebody involved, right? Your accountant or CPA, a tax debt resolution professional like our firm. But there's several different levels of audits that you can go through. And I call them flavors. There's the vanilla ice cream flavor, right? Which is most of them. And then there's the god-awful four alarm ghost pepper, you know, that you can be threatened with. And I give you tips and tricks on all of those. There you go.
Starting point is 00:14:59 Yeah. Ghost pepper level. Yeah. Those are nasty. Those are nasty. That's when they come in with several agents and they take over your conference room and all of your employees are walking by going, what is happening? Should we be afraid? Should we be afraid?
Starting point is 00:15:17 We just got raided by the IRS. Yeah. What's happening now? I've only been involved with one of those, and I got brought in after everything started. Oh, really? And we were still able to diffuse the heat of the situation to where it could be dealt with. It's when you don't try to take action and when you aren't proactive in dealing with it that it just gets ugly. Yeah. Yeah.
Starting point is 00:15:45 Yeah. That's pretty much, that's how my first eight marriages worked. I tried ignoring everything as long as possible. Yeah, that never works. It always bites you in the rear end at the end. And that's why I don't own anything anymore. So what are some examples maybe of people you've worked with?
Starting point is 00:16:05 Do you have some great stories that you've really helped people? Maybe some numbers of savings and things turned around? Yeah, yeah. The Offering Compromise Settlement Program is the big one that everybody sees on the commercials, right? There's always this couple standing in front of this big beautiful home and we owed 300 000 to the irs and i had i hired xyz business to handle it for me and i ended up only paying five thousand dollars well that program yeah right seems a little sketchy. There is that program. It is a valid resolution plan. Really?
Starting point is 00:16:47 Yeah. Yeah. I just had a couple up in Minnesota, both self-employed. They owed $350,000 between the two of them. I know, right? Have a family, have kids. They both work very hard and just could never get ahead financially and we ended up getting a solution at twelve thousand dollars for them wow yeah that's that's freaking amazing i know that's a lot of money but there's as with everything with taxes there's a big asterisk with it right like you can't be paying for your kids college tuition you can't have five vehicles you know they keep you limited to just what you need for your health and welfare and that's what a lot of those misleading ads don't tell you yeah you can get those solutions but not everybody
Starting point is 00:17:39 qualifies not everybody wants to be in a financial condition where they would qualify, right? Because I have to give it the Lamborghinis and the, yeah, funny enough. I kid you not. I had, I was dealing with a case for a guy. I was dealing with a revenue officer in the state of Illinois and this taxpayer was just, I have nothing. I can't afford to give anything to the IRS. So I have my battle armor on, right? And I'm dealing with this revenue officer and I'm telling him we just can't do anything more than $200 a month to address this debt. And he says, okay, I'm going to go back and run the figures. I'm going to do my due diligence and I'll call you back in the next week. So I get a call back from the revenue officer and he said, so are you sure he's told you everything? I said, well, I think so. Why, what are you hinting at?
Starting point is 00:18:35 Ask him about the car he inherited from a family member. And it turned out this guy had a Lamborghini that his uncle had left him. I kid you not. And he's like, well, I didn't think the IRS could have that because it's something that somebody gifted to me. I said, I don't know where you learned that. That obviously is not true. So, yeah. That's funny.
Starting point is 00:19:01 You know, it's easy to forget that Lambo that you have in the garage. I forget it all the time. I'm like, know, it's easy to forget that Lambo that you have in the garage. Right. I forget it all the time. I'm like, is it the Chevy or is it the Lambo? I forget what's in there. Hey, I need to come hang out with you. I am a huge car buff. Huge car buff.
Starting point is 00:19:16 Yeah. Yeah. I don't know. I was married eight times before, seven times. We have to keep changing it. That's the callback joke. It's 10, nine, eight, seven. People ask me when they meet me, they're like, how many times have you been married? Because you change the number every time. I'm like, I haven't been married at all. That's the joke.
Starting point is 00:19:33 That's why you still have the Lamborghini. Yeah, exactly. There you go. That's why I bought one in the first place. I remember one time one of my girlfriends I was engaged to, she said, so which do you love more, me or your BMWs? And I said, don't put me on the spot. Don't make me answer that question. No, no. And anybody who is a gearhead, if somebody is dating them, they should know better than to ask that question because they're going to be disappointed every time.
Starting point is 00:20:07 Yeah. I mean, you're just being a realist. Women tend to leave and my car will never leave me unless it gets stolen. So there's that. So, you know, you just have to be a realist. Yep. Yes, you do. My car never tells me, you know, well, I've decided this isn't working out, Chris.
Starting point is 00:20:22 We're leaving. That's why I have dogs and Lamborghinis. No, but if you have navigation systems, they squawk at you like a spouse, right? That's true. I have enough of that going on. I have a mom and a sister, so that fills my feminine bucket and dates. So that gets me close enough to the edge of blowing lots of money on things. So some of the other resolutions, you've got some videos that you have on your website.
Starting point is 00:20:52 I think maybe YouTube. Is that what that's connected to? Yeah. YouTube. Our social media has them. They're linked to our website. Yeah. Here's the thing. Information and knowledge about something like a tax debt is one of the strongest things you can add to your bag when you're dealing with the situation.
Starting point is 00:21:25 And we give it away freely because the more educated taxpayers are about a tax debt situation, the more they're going to realize that there is always a solution. You know, it's scary when people think of the IRS and the state tax agencies. I always laugh about this. They picture this 1950s-esque guy showing up on their front door, banging on it in a fedora and an overcoat with a gun and a badge saying, we're going to take your firstborn. I mean, really, that is the mental image that people have of the IRS. They've done a very good job of creating that idea. Yeah. But it's just not that way in reality.
Starting point is 00:21:57 Yeah, because most people know if those folks have teenagers and they offer to take the firstborn, they'll likely give it to them. I've got to go take it. I've got a lot of friends who have teenagers and they offer to take the first born they'll give it to them take it i've got a lot of friends who have teenagers right now yeah yeah well all of us have that viewpoint any of it well i shouldn't say all of us most of us do the other ones say don't talk about my johnny or jill that way i don't i don't have a teenager so i don't have the viewpoint either so there's that uh yeah i just it's uh it's a funny joke anyway i don't know why teenager, so I don't have the viewpoint either. So there's that. Yeah, it's a funny joke. Anyway, I don't know why we keep doing callback jokes to how many kids I have.
Starting point is 00:22:32 I think on your website you have something called Our Golden Difference. Tell us what that is and how that makes you different and better than other tax solution providers out there? You know, a common theme that I hear from people who find us after they've been dealing with the debt for a while is they don't know where to get answers. From the first time we speak with somebody, we are telling them what to expect through the whole process. And then as we work with them, we're calling them and letting them know,
Starting point is 00:23:03 hey, I just got off the phone with the state. Here's where we are right now. Here's what our next few steps are. So we really focus on educating our clients so they have that peace of mind that they know what's going on. They trust that we are doing what we say we're going to do for them. And then we're keeping them apprised along the way. If you don't know what's happening with a situation and it's something that you're uncomfortable with from the get go, it's just,
Starting point is 00:23:33 it's like throwing fuel on a fire of discontent and fear. So when somebody is working with us, they know everything that's going on the whole way. There you go. So that, and we are relentlessly persistent with what we want to get accomplished for our clients. There you go. It's, it's, uh, you know, answer the emails, communicate, talk, you know, don't subscribe
Starting point is 00:23:59 to some sort of tax scam thing where we figured out how you don't have to pay taxes at all. You know, you see some of these, uh, what do they call those people the citizens they think they're citizens sovereign citizens oh good lord they think they're i cover i cover that in my book yeah don't fall for that do you really oh yeah don't fall for these should i change my name and move to brazil should i like part of a movie scene right right? Where they jump in their car after grabbing cash and a fake passport from the back of a safe and they drive down the street and blow up their home. Like it's not necessary. It's not, it's not realistic. It's not necessary. It's not needed. You can always get to a solution. Don't let it drive you to the point of fear like that.
Starting point is 00:24:46 I actually, when I first was starting in this industry, I had a friend who disclosed to me that her father had committed suicide over the stock market crash Black Monday, and then the financial ramifications thereafter and one of his breaking points was the irs debt oh no yeah it was so sad i mean it's a horrible thing to have gone through but boy that story has stuck with me all these years saving lives i think there's probably a lot of people that's happened to they get into debt and and that. Yeah, one of my favorite things to watch on TikTok is the sovereign citizen court cases or the arrest when they pick them up in the car.
Starting point is 00:25:31 And they're like, I'm not giving you my ID. And they're reading off some stupid manifest they printed off from the internet. And I'm like, you're seriously basing this on crap you found on the internet? Yeah. Have you been there? And then I like when they're arguing with the judge
Starting point is 00:25:48 trying to represent themselves in court. And so I kind of like it. I don't know what it is. I love, anytime I get depressed, I go watch Cops, the TV show. After about an hour or two of that, you're not depressed anymore. You're like, this is a great life. I never get pulled over. I'm never drunk when I'm pulled over or high on drugs.
Starting point is 00:26:08 I use that for home. Don't do that, folks. Don't do that. But, you know, and then I never wear a wife beater or walk around my house with my shirt off. Because I always know that if the cops were to ever show up, I'm the guy who goes prison first the guy with the shirt on it's always there's like a rule it's either the guy in the wife beater or the guy in the with no shirt he's the guy who's going into jail you know i those sovereign i feel bad for them though because these people buy into it 100 i mean they're ready to die on the hill for that whole argument and it it just doesn't make sense you're gonna lose every single time yeah i'm a rebel i'm anti-authority it's
Starting point is 00:26:53 probably why i'm an entrepreneur since 18 i don't i don't work with people well i guess and and i don't take authority well but if you show me a badge and you have a license to kill um i'm become really very compliant yeah yeah absolutely there's a point of standing up for yourself versus just being yeah dumb and especially pissing off people that have that ability and and uh lawful regulation yep here's my driver's license, here's my insurance, and please don't hurt me. Exactly. That's my policy.
Starting point is 00:27:30 I always love when they try and push all the buttons. And so you shouldn't do that with the IRS either. No, no, not at all. And there is a way to deal with that, right? Like I said,
Starting point is 00:27:42 there's always a solution. There's a way to deal with what's happening. Just don't go to extremes. I did have a revenue officer once say to me that he had gone to do a field visit with my brand new client, right? And he said, now I have to tell you, it was a pretty impassioned exchange. I said, well, what happened? And he said, well, I showed him my badge and told him I was there to talk about collecting on this debt. And your new client picked me up by the collar of my shirt and pinned me against the wall and said, don't you know that I pay for your salary? And he said, I said, oh, my gosh, I am, I am so sorry. There's a way to solve this. What
Starting point is 00:28:28 can we do? And he said, well, I just calmly said to him, sir, you haven't paid your taxes. So no, you haven't paid my salary. Oh my gosh. Are you serious? And you know what? The revenue officer couldn't have been nicer. He said, listen, I get it. When people owe taxes to the IRS and to the state, they're scared. So it's that fight or flight instinct, right? And he thought he would fight. And as soon as I said it, the guy let go of me and said, I'm hiring somebody to handle this and walk back in the house so yeah if i can walk that situation back and like calm things down yeah that's like assault so
Starting point is 00:29:14 that aris agent was nice he could have had him arrested yes he could have but uh don't grab a hold of people yeah no good lord. Good Lord, no. No. You can spit in someone's direction. That's assault. Everything's assault anymore. Pretty much, yeah. The new DEI microaggression crap, I find it particularly annoying. It's like, you assaulted me. And I'm like, what?
Starting point is 00:29:43 You looked wrong at me. And I'm like, give me looked wrong at me and i'm like you know dennis leary said it best put on a helmet right like if if you feel that way put on a helmet and before you walk out the door because you're not going to be able to deal with anything we need to start issuing those colleges evidently um those of you who don't know what i'm talking about we're in the midst of a lot of arrests going on with the Palestinians supporting. And I'm not sure if there's some Hamas support there, but I kind of wonder about what they're signaling. But I don't know.
Starting point is 00:30:14 But yeah, I mean, there's a lot of egalitarian emotionalism that lives in our colleges nowadays. Logic and reason seems to be gone. Well, and I've seen interviews with some of these protesters where they've said what are you protesting like what is it that it that has happened to palestine and to hamas that you're defending and they can't answer it yeah they just i mean at that age they're just buying into whatever it's kind of a it's kind of a way to be cool i guess or something i don't know some people have some interesting uh attitudes life so what have we covered about taxes and how you guys help people uh that uh we we need we should talk about and enlighten people about
Starting point is 00:30:56 you know really just that there's always a solution what you don't want to do is give up control. You don't want to have to be reactionary to the IRS or the state coming and knocking on your door, right? At that point, you've lost the control of the chessboard. You want to be the one to say, okay, there's a problem here. How do I get to a solution? Don't hide and run from it. It's just going to make the penalties and interest just continue to accumulate and grow. I mean, right now, the IRS alone is charging 8% interest on every tax dollar that's passed you. Wow. And that includes any penalties and added interest that are already on there. So it just starts rolling and rolling and rolling and rolling.
Starting point is 00:31:43 And, you know, people don't always want to hear this, but sometimes we say, okay, you have equity in your home. You should tap it, right? Because if you're paying 8% interest on an IRS debt and you can't write off that interest on your tax return, but you can get a mortgage at 6.5%, pay off the tax debt and you can claim that interest on your tax return, but you can get a mortgage at 6.5%, pay off the tax debt, and you can claim that interest on your tax return. You're leveraging your money better. There you go. Yeah. And then you can get off your back. You can sleep at night, not worry about stuff. Absolutely. Then you can just worry about your eight marriages.
Starting point is 00:32:22 Well, not so much the marriages. It's the compensation that you have to pay when they dissolve right um yeah the um splitting of assets and all of the maintenance there you go yep there you go uh it's yeah it's uh yeah i don't know i i've run out of the callback joke for that uh marriage thing um so how can people onboard with you? How can they reach out to you? How can they get involved with you if they want to know more? Go to our website, goldenliontaxsolutions.com. My direct phone number's on there.
Starting point is 00:32:57 My email's on there. Reach out to us. There you go. Well, thank you very much for coming on the show. We really appreciate it and there's we've learned a lot here it's kind of nice to know there's there's not as many people going to jail that you think is going to jail like i always think there's like a whole lot of people you know you see you see all the stories i was amazed recently with steve garvey on like
Starting point is 00:33:18 four hundred thousand dollars in taxes and i was like jesus doesn't he have money like i know that guy's got money. Yeah. But then again, it's trusting the wrong people to manage it. You know, that's the problem. So yes, you should always keep your wallet close to you. Even as big as you get, you know, double check, put checks and balance systems in place
Starting point is 00:33:43 to make sure you're looking out for you because nobody else is going to look out for you the way that you will. That's true. That's true. I remember when I think Billy Joel lost almost a hundred million dollars trusting Christie Brinkley's brother to manage his money. And there's lots of examples of that. It's crazy. Yeah. So find your money. Yes, absolutely you know it's just life you kind of have to learn to do everything when it comes down to it at least in my book being an entrepreneur um you've got a you can't be a master of everything but you've got to at least be a novice in everything and uh try and understand stuff um you can't just you can't just willy-nilly
Starting point is 00:34:20 just trust everyone and forget about it that or you just have to hire very good professionals you know if you're like uh if you're like the blade gentleman wesley snipes you know hiring some seedy florida company maybe we figured out you know you're probably in trouble so there you go um so thank you very much for coming to the show uh. Give us the dot coms as we go out. Okay. GoldenLionTaxSolutions.com. Thanks for having me, Chris. It's been a pleasure.
Starting point is 00:34:51 Thank you. Order the book, folks, wherever fine books are sold. Tax Debt Rule Number One. There's Always a Solution by Morgan Q. Anderson out April 1st, 2024. Thanks to our audience for tuning in. Go to Goodreads.com, 4Chats, Chris Voss, linkedin.com, 4chesschrisfoss, chrisfoss1, the TikTok, and all those crazy places on the internet. Thanks for tuning in. Be good to each other. Stay safe. We'll see you next time.
Starting point is 00:35:12 And that should have us out.

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