THE WILLIS FIRM, PC

If we could wave a magic wand and fix one thing about your finances, what would it be?

Filing your taxes can feel like walking a tightrope ... one (unintentionally) wrong move, and you’re in trouble. But you can breathe easy: You’ve got a safety net underneath you. We’re here to catch you if you find yourself in trouble with the IRS. In case the worst happens, you’ve got support you can trust. What about your tax situation is currently keeping you up at night?

Excuses that DON’T count for failing to file and pay your taxes: 1. My dog ate my documentation. 2. I wasn’t feeling well…every day of tax season. 3. I thought the deadlines didn’t matter because of the IRS layoffs and budget cuts. 4. I heard the IRS is going kaput, so I thought I was off the hook. Yes, there’s lots of IRS buzz happening in Washington right now. But so far, tax deadlines are still on schedule. Which means you need to STICK TO that schedule. And no matter what talk there’s been about nixing the IRS (which is JUST a proposal right now) – you need to file your taxes this year. Because failing to file/pay comes with significant costs. Don’t let your financial wellbeing get hijacked by what-if scenarios. Practice good tax strategy, and let the IRS chips fall where they may. What’s currently standing in the way of you getting your taxes done on time?

Things likely to trigger an IRS audit for you this tax season… ??Failing to report all your income. ??Earning a large income (500K or more). ??Mismatching tax forms and reported income. ??Excessive or false deductions. We don’t tell you this to scare you, but to prepare you. If you hear from the IRS, don’t panic – we’re here to guide you through the process and protect your financial well-being. So if you fall into one of these categories, let's talk.

True or false? "The one thing that unites all human beings, regardless of age, gender, religion or ethnic background, is that we all believe we are above-average drivers." - Dave Barry

It’s here – your tax bill from the IRS. You open the envelope, skim the letter, and ... your heart drops. The number staring back at you is WAY bigger than you expected. How are you supposed to come up with that kind of money? You might feel stuck, unsure of what to do next, but the truth is: You don’t have to face this alone. There are ways to make your bill more manageable, and we can help you find them.

What's one thing you can do TODAY to get a step closer to your financial goals?

There are lots of reasons businesses get in trouble with the IRS, but much of it boils down to this: You have too much on your plate. It’s the “I can do it all” mindset that a lot of business owners have. Because when you have too much on your plate, your tax obligations get put on the backburner, which means unpaid taxes, misfilings, and penalties. So if your (albeit admirable) determination has gotten you into trouble with the IRS, let us take that off your plate. We’re here to help, and can make the process WAY easier than if you were to go it alone. Would you consider yourself an “I can do it all” business owner? (Or perhaps a better question – would your employees?)

False alarm – Elon Musk didn’t delete the IRS Direct File program (and it’s still available for this tax season at least). But, this instance highlights something that you can’t ignore anymore: You can’t entrust your financials to a program that can be “deleted” with the click of a button (or an X post from a tech-genius-billionaire). You need a much sturdier foundation under you than that – a team of experts committed to YOUR financial well-being. If that’s something you’re up for, just give us a call. https://lnkd.in/ggjDjygY

If you have unfiled tax returns piling up from previous years, and you're about to add your 2024 return to that pile, here’s our best advice: DON’T. The longer you wait, the worse the penalties and interest will get. Filing now is always better than waiting. And you’re not alone in this – we can help you prepare your late returns and protect you from aggressive collection efforts. Just send us a message and we’ll figure this out together.