Landmark Tax Group - June 2022

Landmark Tax Group - June 2022

Landmark Ledger

(813) 406-4612 Professional | Experienced | Licensed Expert IRS & State Tax Relief

JUNE 2022

IT’S OUR 10-YEAR ANNIVERSARY! Claim Your FREE Gift to Celebrate

Ten years and one month ago, I was an IRS agent sitting in a federal office. I had eight years of service to the agency under my belt, but I always wanted to do more. I considered it on- the-job training for a better future — an opportunity to learn, grow, and help taxpayers until I had the knowledge and skill to open my own business. Finally, after eight years, I was ready! I left the IRS and opened Landmark Tax Group in the summer of 2012. This month is our company’s 10-year anniversary, and I’m so proud of how far we’ve come. In the last 10 years, Landmark Tax Group has …

These are incredible milestones, and my team and I couldn’t have achieved them without you: our clients, referral partners, and supporters in the tax industry. It means a lot that you’ve placed your trust in us as we continue to strive for excellence in all we do.

run a business and serve my clients better. If you own a company or are hoping to start one, this is my best advice for 10 straight years of success: Take customer service seriously! Here at Landmark Tax Group, our focus is always on what the client needs from us — not what we need from them. That might mean taking their case and going to bat against the IRS. Or they may require a different kind of help. We take the time to discover exactly what each client needs and guide them in the right direction, whether that’s by showing them how to resolve their own IRS problem or matching them with another professional. I firmly believe that’s the secret to our numerous five-star reviews and top customer service rating! It’s as simple as looking out for the needs of the taxpayer. Treat your clients well, and they’ll do the same for you. Speaking of which, thank you again for your trust and support over the years. Don’t forget to grab our anniversary thank-you gift: a complimentary copy of our book, “5 Ways to Pay Less to the IRS & Have Them Thank You For It” at LandmarkTaxGroup.com/Book

“One of the most highly rated and best reviewed businesses on Yelp!” AS SEEN ON:

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Resolved over $400 million in back taxes for our clients Helped more than 15,000 taxpayers across the country Grown from a one-man operation to a thriving team

If you’re reading this article, odds are you’ve helped us reach this milestone, so thank you for your continued trust and support! To thank you and celebrate our 10-year anniversary, we have a FREE gift for you: a complimentary copy of our NEW book, “5 Ways to Pay Less to the IRS & Have Them Thank You For It.” This is a limited-time anniversary offer, so grab your free copy today at LandmarkTaxGroup.com/Book Even 10 years in, the magic of running Landmark Tax Group hasn’t worn off for me. I’m still passionate about helping taxpayers resolve their IRS issues with as little stress as possible. I’ve also never stopped learning about how to

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Pivoted to a 100% remote company, able to serve clients anywhere

Entrepreneur, Inc

On top of all that, we support thousands of tax preparers and other business professionals like attorneys, accountants, bookkeepers, mortgage specialists, and real estate agents who rely on us to serve their clients. We’ve achieved five-star ratings across Yelp, Google, and rest of the internet and are ranked No. 1 for our customer service. It’s a great feeling!

Cheers to another 10 years,

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Published by Newsletter Pro | NewsletterPro.com

It’s Dad’s Day! 6 Gifts Dad Is Sure to Love

Apple Watch Strap Does the dad you’re celebrating own an Apple Watch? If so, help him customize it with a new Apple Watch strap. You can choose from many materials, colors, and designs so he can blend in or stand out as much as he wants. A New Cooler Men love their coolers — it’s a foolproof Father’s Day gift! Whether Dad loves to camp, fish, tailgate, go to the beach, or barbecue in the backyard, he’s sure to appreciate a new way to store ice, drinks, food, or bait! Tool Bucket Organizer Is your dad a bit of a handyman? Help him get organized and never lose track of his tools again. Tool bucket organizers come in many forms and, again, can be purchased right online, making your shopping easy! Bluetooth Headphones or Speakers If your father doesn’t have Bluetooth headphones or speakers yet, he’s missing out. The opportunity to jam out wirelessly while working out, cutting the grass, doing hobby work, or just relaxing is effortless with this thoughtful gift.

Dad is a very important person in your life! Every year when Father’s Day rolls around, it can be tough to come up with the perfect gift, whether it be for your dad, a new father, your grandfather, or a father figure. Getting creative can be tricky, but this list is sure to help you with an idea or two for all different price ranges! Wallet Why not go really classic and opt for a thoughtful and practical gift? Most men’s wallets see a lot of wear and tear. After all, they’re sat on, toted around in pockets all day long, and sometimes forgotten about and sent through the wash. A new one just may be in order!

Massage Gun Massage guns are rising in popularity. To help Dad recover from soreness and injury or just a tough workout, a massage gun will do the trick! The best part is that they range in price, and you can even purchase one on Amazon!

When Will My IRS Debt Expire? The 411 on the Statute of Limitations

Y es, it’s true: Just like the cream cheese and mystery sauce in the back of your fridge, your IRS back taxes have an expiration date! The agency can’t come after you forever. If your back taxes are more than a decade old, they’re forced to wipe the slate clean — at least most of the time. This rule putting limits on the collection period is called the 10-Year Statute of Limitations or Collection Statute Expiration Date (CSED). It’s comforting to know that your debt will disappear one day, and that back taxes aren’t the end of the world.

will throw the book at you for those 10 years, likely ramping up their enforcement action as your debt approaches the expiration date.

Those actions have consequences. You don’t want the agency to halt your business operations, seize your bank accounts, or go after your home!

2. The IRS can “stop the clock.” Certain actions you take can trigger an extension to the CSED, pushing it out months or even years and giving the agency more time to collect. Many taxpayers accidentally take actions that extend the clock. Fortunately, our team at Landmark Tax Group has a full list of these pitfalls, and we can help you avoid them. We also have additional information about the CSED and the steps you should and shouldn’t take now to address your tax debt — much more than would fit in this article! Head to LandmarkTaxGroup.com/Expire to get the full story.

With that in mind you might be tempted to wait out the IRS until your 10 years are up, but that’s not a good idea for two reasons.

1. While you wait, your business/family will suffer. The IRS isn’t going to stand back and play nice while you run down the clock. The agency

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SO, YOU OWE $50K OR LESS … A few years ago, a taxpayer we’ll call “John” came to our company for help with his back taxes. He owed $37,239 to the IRS, so the agency was garnishing his wages as a pressure That’s what we told John when he called our company. We advised him NOT to hire us to represent him for such a simple tax issue. Instead, we explained that the IRS has clear rules and procedures — and if he took a little time to follow our blueprint, he could resolve his own debt easily and affordably! Here’s a Better Way to Resolve Your Back Taxes!

tactic. John was scared, so he made a big mistake: Before calling us, he reached out to one of those “tax relief” firms you hear advertised on the radio and paid them $12,000 to help him. That firm did … wait for it … absolutely nothing! John was in even worse shape than before. By the time he contacted us, he still owed the IRS, and he was out $12,000 to boot. In our 10 year history, we’ve spoken to thousands of taxpayers with similar stories. The saddest thing is that these people have gone to extreme lengths to resolve relatively small IRS debts when there was a more affordable and effective option available. Back tax debts of $50,000 or less are small potatoes to the IRS. In most cases, you don’t need the help of a “tax relief” firm to resolve them. You don’t even need to hire us!

John enrolled in our course on how to resolve IRS debt, and it worked. Not only did he set up a payment plan with the agency himself, he saved thousands of dollars in professional fees with our do-it-yourself solution. We even got the satisfaction of helping a taxpayer get their finances back on track. It was a win-win-win!

If you owe $50K or less to the IRS, visit LandmarkTaxGroup. com/50K today to learn the same steps John followed and to resolve your debt affordably.

S UDOKU

TAX QUOTES

“The best measure of a man’s honesty isn’t his income tax return. It’s the zero adjust on his bathroom scale.”

–Arthur C. Clarke

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19046 Bruce B. Downs Blvd. Ste. 1520 Tampa, FL 33647 www.LandmarkTaxGroup.com (813) 406-4612 Professional | Experienced | Licensed Expert IRS & State Tax Relief

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Inside This Issue

Sudoku Answer Key

It’s Party Time — And We Got You Something! 1 Father’s Day Gift Guide When Will My IRS Debt Expire? 2 Read This if You Owe $50K or Less Tax Quotes 3 Is Travel Insurance Worth Your Money? 4 Travel Insurance: Scam or Savior?

If you’ve ever booked a plane ticket or hotel stay online, you’ve probably been offered an opportunity to “protect” your purchase for an additional fee. Since you’re spending big dollars on your trip, you may have hovered over the option, wondering if it’s a wise investment or a quick money-making scheme. Before you buy, you should know that trip protection and travel insurance are different. When you book directly through the airline or hotel or on a travel website like Travelocity or Expedia, they offer you trip protection. These plans

But there may be restrictions, so always make sure you understand the terms and buy coverage that offers the protection you want.

It can be hard to swallow the idea of paying more to insure yourself against an event that probably won’t happen. So, can you skip it? The risk you’re willing to take is up to you, but remember the amount of money you’re spending on travel and consider whether it’s worth protecting your investment. While you may decide against travel insurance for your weekend trip two states away, experts recommend always purchasing it for international travel or cruises due to the higher cost and potential for things to go wrong. The price, they say, is usually worth the peace of mind.

often provide nothing more than a voucher you can use to reschedule in the event of a cancellation — something you won’t need if you book refundable accommodations.

If you’re going to purchase travel insurance, you should take the time to shop around, just like you did with your accommodations. Not all plans are created equal, so read the fine print and make sure you understand what is covered — and what is not. The last thing you want is to spend your hard-earned money on a policy that leaves you holding the bag.

But you can also purchase travel insurance through a reputable third party, and these policies offer cash refunds if your trip is canceled or interrupted. They also typically cover lost or damaged bags, and high-quality policies will cover medical emergencies that occur at your destination.

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