Staying Safe with the IRS — Minimizing Stress and Penalties
00:00:00.000 | I care a lot about not just minimizing my taxes, but also minimizing penalties,
00:00:04.520 | interest, and honestly, problems.
00:00:06.100 | The more busy you get, especially in business, but honestly, in any area,
00:00:09.720 | like I know how painful it is to work with the IRS.
00:00:12.860 | Like, even if I got audited today, I would be stressed about it.
00:00:16.100 | I'd be in the driver's seat, so I'm not going to like crazy worry, but it
00:00:19.860 | would stress me out because I know just the time it takes would be honestly
00:00:24.660 | a huge loss in money to me, right?
00:00:26.900 | Huge loss in energy, effort, everything.
00:00:29.060 | So everything I do is built around that.
00:00:31.340 | And obviously transcripts is one of them.
00:00:33.300 | I like to actually extend so that I have a clean, I want one return, submit it.
00:00:38.580 | That's it.
00:00:39.100 | And then everything I do is clean.
00:00:41.580 | So it's like, if I think I'm going to assume the IRS is looking at my return.
00:00:46.540 | If there's anything that they're going to be like, Hmm, that doesn't look good.
00:00:51.020 | I would prefer to not make it stand out without misrepresenting.