Episodes
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What is the IRS Employee Retention Credit?
We’ve been getting a lot of questions about this, so we thought we’d make this episode to answer some of them for you.
You might think you don’t qualify for this credit, but you could be pleasantly surprised! There are a lot of misconceptions out there that we want to clear up, so make sure you tune in to find out if any of those misconceptions are keeping you from compensation that you’re entitled to.
In this episode, we’re clarifying what the Employee Retention Credit is, how you qualify, and our process at the Bryson Law Firm for filing a claim. We’re taking you through the process step-by-step so that you know exactly what to expect.
Topics covered in this episode include:
What the Employee Retention Credit is Myths about the Employee Retention Credit that you need to watch out for How the credit is calculated How long it will take to complete the process and receive your creditsTune in to find out everything you need to know about the Employee Retention Credit.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
Employee Retention Credit Presentation PDF Guide
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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How does the IRS calculate your ability to pay?
Your ability to pay is something you need to understand when you’re trying to resolve your IRS tax liability.
Your ability to pay is one of two factors the IRS uses to determine how to resolve your case and it’s calculated based on your income and expenses. That might sound simple enough, but creating an accurate representation of your income and expenses can be a lot more complicated than it seems.
In this episode, we’re getting into the nitty gritty of calculating your ability to pay, including what to look out for and how to avoid paying more than you can afford.
If you have a tax problem, this episode is going to help you.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
Calculating a Taxpayer's IRS "Ability to Pay" Presentation PDF Guide: https://drive.google.com/file/d/1bQ69b3REibd82KDprEC7REaF484dOgqJ/view?usp=share_link
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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Missing episodes?
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What can the IRS do when you have a tax problem?
The IRS can have both a lien and a levy against a taxpayer with outstanding taxes owed.
We’re covering everything you need to know about liens and levies, including what they are and what the difference is between the two. We’re going over bank levies, wage garnishments, accounts receivable levies, and other accounts and property that the IRS can seize. We’re also sharing how to prevent collection activity and what to do if the IRS does initiate collection activity.
If you’ve ever had a question about liens and levies, tune in to this episode to find an answer.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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Everyone is talking about the new Inflation Reduction Act, so what is it?
In this episode, we want to help you understand everything you need to know about the Inflation Reduction Act, how it affects you, and how to get ahead of it.
We’re taking a look at how much money the IRS has to spend on this, why they’ve been given that money, and how they plan to spend it.
We’re making this episode because we want you to know that if you have any questions or concerns about your tax compliance, now is the time to get some help making sure everything is in line.
If you have questions about the Inflation Reduction Act and how it affects you, tune in.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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Are you a small business owner who was affected by the pandemic? Then listen up, because you might be missing out on relief measures available to you.
This episode is all about COVID relief measures. We’re specifically covering the IRS Employee Retention Credit and why it has been underutilized. Don’t click away if you think you don’t qualify, because things have changed since it was first announced so you might qualify now!
It’s unusual that this applies to small businesses because, as those of you who run small businesses know, we don’t usually get credits!
We’re sharing some tips on how to qualify and apply for the Employee Retention Credit. We want to clear some things up and make it as easy as possible for you to apply if you qualify.
Tune in now to find out if you’re leaving money on the table.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
COVID Pandemic Relief Continues: The IRS Employee Retention Credit Presentation PDF Guide: https://drive.google.com/file/d/15uGKf3BDDgLS9-R9UO7bqOuAmi2Nf1cT/view
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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What is an IRS Offer in Compromise?
We’re here to clear up some misconceptions about Offers in Compromise and tell you what you really need to know.
We might disagree on whether this is our favorite topic, but it’s important to understand Offers in Compromise as a tool for resolving cases.
You’ll find out what an Offer in Compromise is, why someone might file an offer, and everything that needs to be considered before filing.
This process is not as simple as you might think, so be sure to tune in to find out everything you need to know and everything at stake before you file.
Show notes are available at www.brysonlawfirm.com.
Resources Mentioned:
All About Offers Presentation PDF Guide
Connect on Facebook: www.facebook.com/BrysonLawFirm and LinkedIn: www.linkedin.com/company/bryson-law-firm-l-l-c.
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When the Covid-19 pandemic struck in March of 2020, we were forced to adapt in so many ways. Our offices, like many across the world, were forced to begin working remotely to minimize physical contact with others. However, as time has moved forward, our team has remained a virtual and begun to offer top-tier services through virtual convenience.
On the latest installment of Talkin' Tax, we're exploring the benefits associated with our free, virtual consultation. We strive to ensure our interactions with clients still provide a local feel, but from the comfort of your own home.
This episode is packed with beneficial insights into the Bryson's virtual work with clients and why so many current clients have been loving the virtual model.
Timecodes:
0:06 - Introduction and overview on the topic of the day
2:30 - The challenges the Bryson Law Firm faced when Covid-19 struck
4:43 - Our free, virtual consultation
6:50 - The differences between their virtual and in-person consultations
9:52 - Striving to provide a local feel during the virtual consultations
13:57 - What you can expect during your first consultation with the Bryson Law Firm
17:27 - The Bryson team is able to operate more quickly
20:08 - Our virtual consultations are secure and protected conversations
23:10 - Closing remarks
Connect with Cary and Angie Bryson:
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LinkedIn
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In most cases, tax-related issues can be solved before things escalate. However, when the seriousness of a given case rises, in the eyes of the IRS, they assign a specific Revenue Officer to your situation to collect the tax payment they're owed.
On the latest episode of Talkin' Tax, we're diving into the process of working directly with IRS Revenue Officers when they are assigned to cases. We'll not only cover the various situations that would lead to an officer being assigned to a case, but also the different actions they can take to collect the taxes owed.
Things are very serious when a Revenue Officer is assigned to your tax-related issue, which is why it helps to have a team of professionals standing in your corner!
Timecodes:
0:25 - Introduction and overview on the topic of the day
1:35 - Welcoming on the Brysons and Brandon Juneau to the show
2:00 - When does the IRS decide to involve a Revenue Officer to a case
4:00 - Working hand-in-hand with a Revenue Officer to resolve a case
5:31 - What Revenue Officers do when assigned to a case
9:08 - You get one shot to make your case with them
12:03 - How a Revenue Officer differs from the IRS' Automated Collection Service
15:06 - Will Revenue Officers forget about my case?
19:40 - How the Bryson Law Firm deals with IRS Revenue Officers
24:25 - Closing remarks
Connect with Cary and Angie Bryson:
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Before your tax-related issues are completely resolved, the team at the Bryson Law Firm needs to address any ancillary items your case presents.
On the latest installment of Talkin' Tax, we're diving head first into ancillary items and how they apply to your tax issues. Featuring Cary and Angie Bryson, as well as Jessica Thibodeaux, an attorney at the Bryson Law Firm, we're covering everything you need to know about this final step in the overall tax resolution process.
So sit back, relax, and enjoy another informative episode!
Timecodes:
0:25 - Introduction and overview on the topic of the day
2:06 -What are ancillary items?
3:08 - What a client's involvement looks like during the ancillary request process
4:53 - The penalty abatement process
9:48 - Dealing with a lien during this process
14:14 - How to get rid of a lien on your assets
17:53 - How the IRS goes about filing a lien on people
21:10 - The legal negotiations that take place with the IRS during this final phase
26:53 - You need a team of professionals in your corner
29:57 - Final tax tip from Cary Bryson
32:23 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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In the latest installment of Talkin' Tax, we're taking a deep dive into the Tax Resolution Process to address your specific tax-related issue. After completing the Monitoring & Compliance Phase, it's time to present our case to the IRS or state tax agents. Let's get into it!
Listen as Cary and Angie Bryson provide a thorough overview on how their team goes toe-to-toe with the IRS on your behalf. Despite pushback and negotiation from the IRS, the Bryson's fight to get your issues completely resolved.
So sit back, relax, and enjoy another informative episode!
Timecodes:
0:23 - Introduction and overview on the episode
2:15 - How the Discovery phase works
3:33 - A thorough review of the financial components within a case
5:26 - There is no blanket answer because everyone's tax issues are unique
6:15 - Laying out all of the options available to clients and providing suggestions
9:33 - The lengthy negotiation process with the IRS
14:42 - How the timeline plays out during the negotiation process
19:00 - You have one shot with the IRS
23:10 - Ancillary items and their role in this process
26:17 - Final thoughts and remarks on the tax resolution process
29:37 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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On the latest installment of Talkin' Tax, the Brysons are highlighting the importance of account monitoring and becoming tax compliant before an ultimate resolution can be reached.
The Monitoring and Compliance process plays an integral role in the firm's overall tax resolution strategies and without this crucial step a resolution to your tax issue cannot be reached. Listen as Cary and Angie describe the inner-workings of this process and how you're impacted at each turn.
Thanks for joining us for another informative tax discussion that's bound to leave you with some takeaways for your own tax situation!
Timecodes:
0:06 - Introduction and overview on the topic of the show
2:29 - An overview on this step in the overall tax resolution process
5:09 - Walking through the client's accounting and past tax returns
7:03 - The Bryson Law Firm can help with physically filing tax returns through Bryson Accounting & Tax
10:24 - How compliance works overall and how you know once you've become fully compliant
12:33 - The account monitoring that happens before resolution
19:40 - Start addressing your tax issues now!
23:00 - How you can get in touch with the Bryson Law Firm for tax help
24:04 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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In the latest installment of Talkin' Tax, Cary and Angie Bryson outline their robust, four-phased Discovery Process to efficiently and effectively address the tax issues of their clients.
Listen as Cary and Angie outline each of the four phases, beginning with a thorough onboarding session to gain a clear understanding on the issues at hand. From there, the Bryson team gets to work on the transcript analysis and a comprehensive financial review to further assess the situation.
Ultimately, this process is meant to leave their clients with various options of customized case plans to alleviate their tax concerns.
So sit back, relax, and enjoy another enlightening episode that showcases the thorough work the Bryson team does for all their clients.
Timecodes:
0:25 - Overview on the topic of the day
1:54 - What the Bryson Law Firm's Discovery Process looks like
3:30 - The onboarding process and the questions asked initially
6:31 - Managing client expectations and finding a common ground
8:45 - Beginning the transcript analysis on a given client
12:49 - The comprehensive financial review performed for each client
18:32 - Going over the various options for customized case plans with clients
22:56 - The importance of being current and compliant
24:57 - The perk of having options for tax resolution, not just one strategy
30:54 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
Website
LinkedIn
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In the latest installment of Talkin' Tax, Cary and Angie Bryson discuss Hurricane Ida's impact on the state of Louisiana, as well as the impact this will have on taxes.
When a natural disaster befalls upon us, the last thing we're thinking about is how the IRS will respond to the situation. In many instance, families are recovering from the loss of their home, personal property, or even loved ones in the most tragic of circumstances. Rarely is someone thinking about taxes when these tragedies strike, but it's important to understand that disaster options do exist with the IRS.
Listen as Cary and Angie highlight a list of strategies you can use to relieve some of your tax burden when natural disasters hit. Additionally, they share helpful information on tax deadlines and how they've shifted in response to the recent hurricane.
If you're a resident of Louisiana, you don't want to miss out on this very informative conversation!
Timecodes:
0:24 - Overview on the topic of the day
1:48 - The fallout of Hurricane Ida across the area
3:58 - The various disaster options that exist with the IRS
9:05 - The FEMA Disaster grants and loans that exist
13:30 - The typical questions and conversations with clients that the Brysons have been having lately
18:55 - Tax strategies that can help people stay ahead of similar situations down the road
22:37 - What employers can be doing to prepare for a disaster like Hurricane Ida
25:36 - A walkthrough on the different types of "losses" and how they are classified
29:07 - Times are tough, but options and strategies exist to help alleviate your circumstance
34:00 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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In the latest installment of Talkin' Tax, the Brysons address a popular topic and provide valuable insights into some of the IRS' most common tactics.
What really is the difference between a lien and levy and how do these impact me?
This is the question asked frequently at their offices and it's important to understand the fundamental differences between the two. Regardless of which you receive, timely action is the most important part!
So sit back, relax, and enjoy another enlightening episode full of beneficial information that can help if you find yourself receiving a lien or levy from the IRS.
Timecodes:
0:24 - Overview on the topic of the day
2:20 - What is the difference between a lien and a levy?
10:30 - How the liens can impact your assets
14:50 - How the Brysons handle liens with their clients
17:48 - How a levy is handed down by the IRS
22:42 - The element of 'good faith' when addressing issues with the IRS
27:13 - An example of going through the levy process with a client
34:40 - Liens and levys can become messy if you don't tend to them quickly
36:47 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
Website
LinkedIn
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In the latest installment of Talkin' Tax, the Brysons sit down to discuss the countless benefits of remaining current with tax filings and payments.
Too often, individuals, families, or even businesses, can fall behind on tax filing or payments owed to the IRS. And as we've discussed previously on the show, the IRS doesn't wait for anyone. In times like these, it helps to have a trusted tax professional in your corner of the ring to help you navigate these complex conversations.
Listen as Carie and Angie Bryson share stories of past clients they've helped and the issues they've resolved through hard work. While the Brysons are tax experts and are capable of assisting when someone falls behind, they continue to shed light on the importances behind remaining current with these filings and payments.
Timecodes:
0:24 - Overview on the topic of the day
1:50 - Why it's so important to remain current on filings and payments to the IRS
4:00 - The different variables that enter when someone is late on filings or payments
5:40 - Instances where penalties have stacked up
9:15 - It can be difficult for someone to fight the IRS by themselves
10:00 - The amount of money the Brysons have abated throughout their dealings with clients
15:15 - What happens when someone doesn't have their documentation in order
18:35 - The Brysons have won back over $100 million for their clients over the years
23:35 - Winning cases against the IRS and helping clients is extremely rewarding for the Brysons
26:28 - Closing remarks on staying current with filings and payments
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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In the third installment of Talkin' Tax, the Brysons acknowledge the thorn in the sides of business owners - payroll taxes. Unlike individual taxes that we file once a year, payroll taxes are an ongoing payment process that business must make to the IRS throughout the course of a fiscal year. Failure to make payments on a timely basis can land you and your business in a whirlwind of trouble!
Luckily, the Brysons have countless case studies and years of experience in helping business owners address payroll taxes as a whole, as well as back payroll taxes.
If you're a business owner, who may be struggling to keep up with payroll tax payments, especially following Covid-19's impact on your business, get a notebook ready because this episode is full of beneficial information to get you on the right track!
Timecodes:
00:41 - Recap on prior episodes
02:20 - What are payroll taxes and why do business owners have to pay them?
03:45 - Why business have to make these payments in the first place?
05:00 - What happens when a business owner neglects to make these payments?
07:30 - Examples of the Bryson Law Firm working with business owners to help them deal with a payroll tax problem
15:10 - The Covid-19 pandemic's impact on the IRS coming after payroll taxes
19:10 - Strategies the Brysons recommend to clients in dealing with payroll taxes
22:43 - What options are available for someone who can't make payroll taxes?
25:05 - The general misconceptions surrounding payroll taxes
28:00 - There are plenty of criminal implications surrounding failure to make payroll taxes
33:20 - Final remarks
Connect with Cary and Angie Bryson:
Facebook
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LinkedIn
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In the second installment of Talkin' Tax, Angie and Cary Bryson sit down to discuss the array of options existing for tax resolution. Given their expertise in an array of varying tax law fields, the Brysons share over a dozen ways their firm can help you or your business.
Whether it be assistance with an appeals process, bank levies, CNC status, installment agreements, audit representation, or more, the Brysons have you covered!
So sit back, relax, and enjoy another enlightening conversation surrounding the options you and your business have when the IRS comes knocking.
Timecodes:
00:05 - Overview on last episode and today's topic
02:30 - How the Brysons tackle appeals at their firm
07:26 - Bank levies and an example of their work helping people through bank levies
12:56 - Dealing with a "love letter" from the IRS and using the Brysons for audit representation
16:34 - Currently Not Collectible Status and how you qualify for it
20:00 - The misconceptions surrounding Innocent Spouse Relief
23:43 - How installment agreements work to pay off tax bill over time
28:41 - How the Brysons assist with IRS account investigations
32:56 - How mean the Brysons are with liens
35:56 - Offers in Compromise and how/when they apply to a given individual
42:45 - Dealing with failure to pay payroll taxes
48:38 - Penalty abatements and their work in this space
53:05 - Helping to deal with revenue officers
58:44 - An example of a client they worked with who dealt with wage levies
01:03:05 - Tax court representation and what this process looks like
01:06:00 - Closing remarks on the options for tax resolution overall
Connect with Cary and Angie Bryson:
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In the inaugural episode of Talkin' Tax, we introduce you to the co-founders of the Bryson Law Firm, Cary and Angela Bryson. With over 38 years of combined legal experience in the greater Louisiana area, Cary and Angie have built a thriving and successful law firm that aids their fellow “Loosianans” when it comes to the complicated realm of taxes.
Listen as Cary and Angie share intriguing details on their southern roots and their respective backgrounds through various sectors of law. They dive into the origin of their relationship at the Louisiana State University Law School and their dreams of one day owning and operating a law firm together to help those around them.
So sit back, relax, and enjoy an enlightening conversation surrounding the origin of this prestigious law firm and the faces behind it.
Timecodes:
00:27 - What to expect on Talkin' Tax
02:00 - Cary and Angie's upbringings in Louisiana'
03:20 - Meeting at LSU Law School and forming their relationship
07:20 - Balancing their new relationship with the difficulty of law school
10:45 - The moment they knew they wanted to practice law for a living
18:30 - When Cary and Angie decided it was time to open the Bryson Law Firm
22:00 - The early days of the Bryson Law Firm
27:30 - The type of service clients receive from the Bryson Law Firm
32:30 - How their respective backgrounds in other areas of law have helped their firm
37:24 - What listeners can expect on future episodes of Talkin' Tax
40:46 - Closing remarks
Connect with Cary and Angie Bryson:
Facebook
Website
LinkedIn
